Microsoft Increases Employees’ Stock Awards
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Microsoft Corp. is raising spending on employees’ stock awards by about 15 percent and adding perks to help prevent an exodus of workers to rivals such as Google Inc. Not a bad deal, but is it too late for some employees?
The company’s 63,500 workers will get on-site laundry and dry cleaning, better food, discounts on pet and auto care and the return of a free towel service that Microsoft ended in 2004. The world’s largest software maker also will increase some employees’ pay. Microsoft is responding to complaints from staff and rising competition for workers from Google. Microsoft shares fell 27 cents, of 1.2 percent, to $22.56.
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