Chris Capossela recently turned his interests in Microsoft into cash, obtaining $4.4 million due to the transaction.
Employees disappointed with their employer’s choice to cease paying increases may wish to give some thought to the advice given by the chief marketing officer of Microsoft, which is to try to push up the price of the company’s shares. This advice was given to employees who were displeased with their employer’s decision to stop providing raises.
It has been said that Chief Marketing Officer Chris Capossela conveyed this view to his colleagues via a message, noting that “the most important lever for almost all of our employees’ compensation upside is the stock price.” Capossela made a profit of $1.55 million from selling Microsoft shares at the beginning of this month. Then he sold further claims of the firm last week for a total of $2.85 million, bringing his total profit from the sale of Microsoft shares to $2.85 million.
Capossela provided the following rationale in a letter to staff, which Fortune obtained: “So great quarterly results contribute to making the stock attractive, which in turn drives everyone’s total compensation up.” Consequently, great quarterly results help improve the stock’s attractiveness, resulting in a rise in the overall compensation for everyone involved. In the expectation that this would put us in a good position for the transition to AI, we are continuing to make considerable investments in the capacity of our data centers and the workers who work there. Our belief that this will place us in a favorable position is the primary factor that led us to form this anticipation.
CEO Satya Nadella informed the staff this week that the company would not give raises for paid employees in the coming year, citing “macroeconomic uncertainties” as the reason for the decision. Even though Microsoft is continuing to invest more money in artificial intelligence and has completed its acquisition of Activision Blizzard for a total of $68.7 billion, Nadella cited this decision as the reason for the decision. He also said that regardless of how well the firm fared as a whole, he and the other senior leadership team members would not be eligible for pay raises or incentives depending on how efficiently they carried out their responsibilities. Microsoft said earlier this year that it would be laying off 10,000 employees, a significant portion of its workforce.
Microsoft released a statement in which a spokesman was reported as stating that Capossela’s “sale is part of Chris’ planning and does not reflect any change in his dedication to the company’s success.” This was in response to a question about whether or not the sale would affect Capossela’s commitment to the success of Microsoft. The statement made by Microsoft may be found on the internet. The information that was described before was provided to Fortune. The Verge reached out to Microsoft to get a response from the company; however, Microsoft did not respond immediately to the publication’s question.