AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Microsoft awards execs stock grants.
(From AFX Europe (Focus))
SEATTLE (AFX) - Several high-ranking Microsoft Corp. executives Thursday received millions of dollars in stock awards as part of a compensation program that the company rejiggered several years ago.
Three years ago, as its share price stagnated, making stock options less attractive, Microsoft switched from offering stock options to stock grants.
The executives reaped the first rewards of the new program Thursday, company spokesman Lou Gellos said. The first of three chunks of stock awarded under the program vested, making it available to the executives.
Jeff Raikes, president of the Microsoft division that includes Microsoft's Office business software, received stock worth $7.5 million at current prices.
Kevin Johnson, co-president of the group that includes the Windows operating system, received stock worth $6 million.
Brad Smith, Microsoft's top lawyer, received $2.3 million, and Chief Financial Officer Chris Liddell received $1.2 million.
- R.J. Reynolds Workers Fume over Executives' Stock Grants.
- Newspaper article from: Knight Ridder/Tribune Business News September 19, 2003 700+ words
...notified regulators that they received stock grants totaling 142,600 shares...infuriated that the executives received stock grants amid this summer's company...other senior executives received stock grants on July 31. They included...
- The Denver Post Al Lewis column.
- Newspaper article from: Denver Post (Denver, CO) September 14, 2004 700+ words
...public offering shares because of their positions. For his part, Tempest apparently approved of these stock grants -- and even received stock himself. "We are a company that will grow and succeed based on a firm foundation of integrity and...
- Cap Rock Energy Announces Issuance of Stock Grants, Officer Appointment and...
- Press release article from: PR Newswire December 23, 2004 700+ words
...customer satisfaction. These restricted stock grants are part of the Company's continuing...shareholders in the process. The restricted stock grants allow the Company to reward employees...the Company's customers, since the stock grants are not included in the Company's...
- Lithia woos top talent with stock grants.(Lithia Motors Inc stocks to general...
- Magazine article from: Automotive News Harris, Donna February 13, 2006 700+ words
...Motors Inc. is using new corporate stock grants to attract and keep general managers...public dealership group intends the stock grants to compete with the ownership stakes...price levels off or falls, he says. "Stock grants have more perceived value than stock...
- JAKKS Pacific Reports 2004 Anticipated Non-Cash Charge for Stock Grants to Be...
- Press release article from: Business Wire March 12, 2004 700+ words
...8.3 million related to restricted stock grants would be incurred by the Company in...compensation related to the restricted stock grants were properly incurred by the Company...non-cash charge for the restricted stock grants, which amounted to $8.4 million...
- U.S. JUDGE DENIES JP'S REQUEST FOR STAY OF ORDER RESCINDING STOCK GRANTS
- Press release article from: PR Newswire May 1, 1992 700+ words
...REQUEST FOR STAY OF ORDER RESCINDING STOCK GRANTS NEW YORK, May 1 /PRNewswire...s order rescinding controversial JP stock grants, the Jefferson-Pilot Shareholders...Erwin rescinded the amendment and all stock grants and distributions made under it. JP...
- SMSC Announces Stock Option Grants - Correction; Corrects Aggregate Number of...
- Press release article from: Business Wire May 5, 2006 700+ words
...Company, stock option and restricted stock grants covering an aggregate of 146,750 shares...number of stock options and restricted stock grants was 102,750 shares to 19 newly hired...inducement stock option and restricted stock grants was made in accordance with Nasdaq Marketplace...
- Stock grants jolt NiSource exec pay: Top official makes $8.22 million in 2004.
- Newspaper article from: Times (Munster, IN) April 16, 2005 700+ words
...three times as much compensation in the form of restricted stock grants as compared to stock options. The top five were awarded...Pay not too shabby, either In addition to the restricted stock grants and options, NiSource executives also continued to take...
