The exec's base salary was $697,500, and the bonus was $550,000. The incentive bonus was only 79 percent of the total for which he was eligible. Last year, Ballmer received 91 percent of his eligible bonus.
Reads the company's proxy statement:
The companyfaced challenges due to weakness in the consumer PC market. While the launch of Windows 8 in October 2012 resulted in over 100 million licenses sold, the challenging PC market coupled with the significant product launch costs for Windows 8 and Surface resulted in an 18% decline in Windows Division operating income. Slower than anticipated sales of Surface RT devices and the decision to reduce prices to accelerate sales resulted in a $900 million inventory charge.
Many other execs received their full incentive awards, including the COO, CFO and Office president.
Written by: Andre Yoskowitz @ 4 Oct 2013 13:11