MICROSOFT RETHINKS EXEC RELOCATION

Steve ElopCall it the Steve Elop rule after the executive who left Microsoft last month to become CEO of Nokia. Apparently people other than me raised eyebrows and a bunch of other body parts about Microsoft’s having paid former Microsoft Business Division president $6.5 million for his house, a number that includes a $1.4 million tax gross up. Elop, who was with Microsoft for two years, had a deal under which the company agreed to pay the difference between what he paid for the house and the appraised value, which was appraised after property values fell dramatically.

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