International briefs: stock options granted to Microsoft employees

first_img Previous Article Next Article Software giant Microsoft last week granted new stock options to all 34,000full-time employees, aiming to compensate them for the stock’s 40 per cent divethis year. Analysts said Microsoft’s move may increase pressure on other high-techcompanies to act. But it may also provoke anger from shareholders.”Nobody’s doing anything to offset their losses,” said Jon Holman, ahigh-tech executive recruiter in San Francisco, referring to non-employee shareholdersof Microsoft. Microsoft president Steven Ballmer told staff that they would immediatelyreceive options equal to the number they were awarded in July in their regularannual review, according to spokesman Dan Leach. Employees hired since Julywill also receive options matching the number they were awarded upon hiring. www.shrm.org Discrimination claim arises from love affairA federal trial court in Louisiana has thrown out a race bias claim by aformer chief financial officer for Bally’s Casino Lakeshore Resort in NewOrleans, who was fired after having an “intimate romanticrelationship” with a subordinate employee. Johnnie R Triplett’s argumentthat Bally’s management planned his termination by arranging his affair withAndrea Thompson was not supported by the record. http://web.bna.com/dlr.htm Deduction in pay for leave exempt from lawA human resources department benefits analyst was exempt from the Fair LaborStandards Act’s overtime pay requirements as an “administrative”employee despite partial-day pay deductions for leave under the Family andMedical Leave Act, a federal judge in Florida has ruled. Granting summary judgment for Johnson Controls World Services Inc, JudgeMoreno of the US District Court for the Southern District of Florida decidesthat the company properly treated Kelly Furlong’s absences during the disputedperiod as intermittent leave under the FMLA, consistent with a doctor releasinghim to work part time. International briefs: stock options granted to Microsoft employeesOn 2 May 2000 in Personnel Today Comments are closed. Related posts:No related photos.last_img

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