Microsoft CEO got $1.3 million in pay |
| Published: September 23, 2007, 6:21 am |
|
By JESSICA MINTZ Microsoft Chief Executive Steve Ballmer received a pay package valued at about $1.3 million for fiscal 2007, a year in which profit at the world's largest software maker topped $14 billion, according to documents filed Friday.For the year ended June 30, Ballmer received $620,000 in salary and a $650,000 bonus. Unlike some technology companies that spend millions on executive security, travel and other perquisites, Microsoft gave Ballmer a modest $6,750 in matches to his 401(k) retirement plan and approximately $3,000 worth of life insurance and athletic-club memberships.Ballmer, who owns about 4.3 percent of Microsoft's shares, received no equity compensation. He didn't exercise any stock options or vest any stock awards during the year.Microsoft did not say what Bill Gates, the software maker's chairman, was paid in salary and bonus during the year. Gates, who owns about 9.3 percent of Microsoft shares, did not receive any stock-based compensation. [ Full article ] |
 Blog link
|
No Comments...