Shareholders approve Microsoft stock plan
C|Net | at | by Mike
Microsoft shareholders on Tuesday gave their endorsement to the software maker's plan to start awarding restricted stock to employees instead of granting stock options. Some had objected to the plan, reportedly including a large pension fund, CalPers, but in the end a majority of shares were voted in favor of it, though Microsoft did not say how many.
During a question-and-answer session at Tuesday's shareholder meeting, one shareholder group spoke in favor of the idea generally, but raised questions about several aspects of the plan. These included the amount of stock that could be granted to any one individual as well as the performance criteria on which future stock grants will be given.