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Microsoft Corp. Chief Executive Officer Steve Ballmer received a pay package valued at about $1.35 million for fiscal 2008, a year in which the software maker's profit climbed despite the troubled U.S. economy.
Microsoft also said it would change the way it calculates bonuses and stock awards in fiscal 2009 and beyond.
Ballmer's compensation for the year ended June 30 amounts to a 5.6 percent raise. According to a regulatory filing Monday, he received $640,883 in salary and a $700,000 bonus, or 109 percent of his salary. Ballmer's bonus target was set at 100 percent of his salary and he was eligible for up to 200 percent.
View Full Article: Yahoo News
Microsoft also said it would change the way it calculates bonuses and stock awards in fiscal 2009 and beyond.
Ballmer's compensation for the year ended June 30 amounts to a 5.6 percent raise. According to a regulatory filing Monday, he received $640,883 in salary and a $700,000 bonus, or 109 percent of his salary. Ballmer's bonus target was set at 100 percent of his salary and he was eligible for up to 200 percent.
