Microsoft to grant stock instead of options

NY Times: "Microsoft said this afternoon that it would no longer grant stock options, relying instead on restricted awards of stock to help pay its almost 50,000 employees." [scripting news]

Personal note to Steve Ballmer: the plan is awesome. I did not think I'd ever see a dime from the stock options (little known fact: every time Microsoft's stock goes up a dollar, that means Microsoft's value has gone up about the same amount as what Starbucks is worth in market terms -- translation: my small number of Microsoft stock options wouldn't have paid much back if the share price only doubled.) So, the new plan is a LOT nicer as an enticement for new employees (and for existing ones to stick around).

Speaking of which, there are still lots of Microsoft jobs open over at http://www.microsoft.com/careers -- why don't you apply? [scoble]

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