On September 22, 2009
Microsoft Interest in Say-On-Pay Clearer, May Have Been Dodge
Yesterday I noted that Microsoft’s board approved a say-on-pay plan, in which shareholders can make their feelings about compensation known in a non-binding vote. I saw it as an interested strategic move, but the context is clearer now. Yesterday, the Conference Board recommended strong changes in executive compensation, and a number of tech companies backed it — but they didn’t include Microsoft. And now it seems that Microsoft may have been trying to soften the blow over a raise for Steve Ballmer.
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