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WHICH IS BETTER-STOCK OR OPTIONS?

机译:更好的选择或选择?

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摘要

When the e-mail went out that there was to be a company-wide meeting on July 8 at 2 p.m., few Microsoft Corp. employees knew what was in store. Top management had carefully guarded the fact that Microsoft would halt its stock-option grants to employees in favor of restricted stock. Even managers weren't informed until half an hour before Chief Executive Steve Ballmer's speech. If Ballmer was afraid that employees would revolt at the demise of one of the building blocks of Microsoft's culture and dominance, the brass needn't have worried. The Redmond (Wash.) software maker's rank and file had been watching their options sink deeper under water for the past three years. "Everyone I've talked to has said this is a better thing," says one Microsoft manager who asked not to be named. "I do not believe Microsoft or companies in our genre will see the same kind of growth [we had] before and I don't think anyone at a gut level believes the stock price will go up like that again."
机译:当电子邮件传出要在7月8日下午2点召开公司范围的会议时,很少有Microsoft Corp.员工知道商店里有什么。高层管理人员谨慎地捍卫了微软将停止向员工发放股票期权而转为限制性股票这一事实。甚至在首席执行官史蒂夫·鲍尔默(Steve Ballmer)演讲前半小时才通知经理。如果鲍尔默担心员工会因为微软文化和主导地位的构成要素之一的消亡而反抗,那么,黄铜管不必担心。这家位于雷德蒙德(华盛顿州)的软件制造商在过去三年中一直在关注他们的选择。一位不愿透露姓名的微软经理说:“与我交谈的每个人都说这是一件好事。” “我不认为微软或我们这种类型的公司会看到我们以前所经历的那种增长,而且我不认为任何一个直觉的人都认为股价会再次像那样上涨。”

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