Microsoft OKs New Severance Pay for Executives and Other 2 Hot Stocks to Watch
Microsoft Corp. (NASDAQ:MSFT): Current price $33.70
It seems as if Microsoft’s board is attempting to head off potential executive turmoil, as it gave its nod to new severance payouts for executives who lose their jobs. Earlier this week, the board OK’d stock payouts for cases in which it needs to persuade executives to stay on. The double action indicates the way directors are considering the possibility of unease in the Microsoft workforce while CEO Steve Ballmer makes his exit and as the company conducts a large reorganization that already has caused a few job losses.