Microsoft pays more to keep top executives
SEATTLE: Microsoft Corp's board has authorised special stock awards to hold onto top executives as the world's largest software company searches for a new chief executive officer, according to a regulatory filing on Monday.
The company has not yet earmarked any payments, but said in the filing to the Securities and Exchange Commission that it "may from time to time make awards to executive officers", partly to ensure "continuity of key leaders during the transition to a new chief executive".
Last month, Microsoft CEO Steve Ballmer announced his plan to retire within 12 months, setting off the company's search for a new leader.
In the meantime, Microsoft unveiled two new versions of its Surface tablet on Monday, renewing its efforts in mobile computing after the product's launch a year ago failed to impress consumers.
The changes represent "the revamp we need", said its vice-president Panos Panay.
The launch is Microsoft's second stab at gaining ground in the growing tablet market. AFP