Microsoft CEO Steve Ballmer was paid 5.5 per cent less last financial year than the previous year, as the software giant saw a drop in annual sales for the first time ever.
According to Reuters, a Microsoft filing with securities regulators showed that Ballmer earned a total of $1,276,627 for the year up to 30 June, slightly below the previous year's total of $1,350,834.
He received a $665,833 salary – slightly more than last year – but his bonus was cut down to around $600,000 from $700,000. Ballmer reportedly chose not to receive any compensation in the form of Microsoft shares.
Microsoft experienced its first decrease in annual revenue in the 2009 fiscal year, with operating profit falling by 9 per cent to $20.4 billion. The company announced in January that, due to the poor economic climate, it had frozen salaries for the 2010 financial year, which started on 1 July.
Advertisement
Related Stories
- The Pope loves Microsoft. Fact. May 25th 2012 at 4:13PM
- Windows 8 RT draws antitrust attention May 14th 2012 at 10:59PM
- Windows 8 Pro upgrade may cost $14.99 May 14th 2012 at 10:46PM
- Microsoft to charge for Windows 8 upgrades? May 13th 2012 at 11:01PM
- Mozilla, Google blast Windows RT browser restrictions May 11th 2012 at 3:47AM
- Microsoft demos sonar-based motion detection May 9th 2012 at 1:21AM
- Windows 8's Media Centre upgrade path May 4th 2012 at 3:48AM
- Microsoft fingers Chinese firm in RDP flaw leak May 4th 2012 at 3:00AM
- Microsoft kills off Windows Live brand May 2nd 2012 at 10:19PM
- Microsoft bets on Nook May 2nd 2012 at 4:04AM
