News

Microsoft boss Steve Ballmer takes a pay cut

Simon Quicke

Steve Ballmer is due in the UK next week as part of the Windows 7 launch programme but he might not be spending as much on souvenirs after having a 5.5% pay cut.

An SEC filing made last night revealed that the CEO of Microsoft saw a drop in his pay packet.

For the fiscal year ending 30 June 2009 Ballmer earned $1,276,627 which is down on his earnings last year.

Although Ballmer's salary of $665,833 was up, his bonus was cut by $100,000.

Along with most of suppliers, Microsoft has frozen executive pay for the fiscal year 2010 in reaction to the economic climate.

For the first time Microsoft had to report a drop in annual revenue figures in fiscal 2009 along with a drop in operating profit by 9% to $20.4 billion. 

A version of this story originally appeared on Micrsocope.

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