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Microsoft Awards $951 Million Worth of Stock
Microsoft(MSFT Quote) on Thursday handed out performance bonuses of restricted stock worth nearly $1 billion to roughly 900 senior executives.
The company stopped employing stock options as a method of payment about three years ago and replaced the grants with a system of performance bonuses for work done over several years.
Jeff Raikes, who heads Microsoft's business division, received the largest grant -- 875,334 shares -- bringing his ownership stake in the software company to 5.5 million shares, according to a filing with the Securities and Exchange Commission. ...
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