Microsoft boss Steve Ballmer takes a pay cut

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%...

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.

CW+

Features

Enjoy the benefits of CW+ membership, learn more and join.

Read more on IT governance

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.

-ADS BY GOOGLE

SearchCIO

SearchSecurity

SearchNetworking

SearchDataCenter

SearchDataManagement

Close