Microsoft’s chief marketing officer, Christopher Capossela, who just cashed out $4.4 million in shares, advised staff frustrated with lack of pay hikes that the best way to enhance their income is to help the stock rise in value. This comes after the corporation revealed plans to lay off 10,000 workers by the end of March. Satya Nadella, CEO of Microsoft, earned a 10% salary boost in 2022, bringing his total income to $55 million. Internal Microsoft management criticism is mounting, particularly among employees who believe the burden is not being shared equitably by workers and executives. Satya Nadella, CEO of Microsoft, earned a 10% salary boost in 2022, bringing his total income to $55 million.
According to MarketWatch, CMO Chris Capossela sold $2.85 million in shares last week, on top of the $1.55 million he sold the week before. According to a filing with the Securities and Exchange Commission, the CMO sold 5,000 shares on Tuesday at an average price of $308.705, and another 4,177 shares on Wednesday at an average price of $312.905. According to a Microsoft spokeswoman, Capossela’s shares far exceed the ownership limitations imposed by the Microsoft Board of Directors. An employee inquired as to why no increases were provided to staff, considering that Microsoft’s net profits climbed 9% year over year in the most recent quarter.
In response to a question in the chat, Capossela wrote that the same principles apply to the senior leadership team and me, which will be reflected in the lack of salary increases as well as the level of annual performance-based bonuses for the SLT, which will be significantly lower than last year.
