Microsoft CEO Steve Ballmer docked incentive pay due to Surface RT failures

Microsoft CEO Steve Ballmer docked incentive pay due to Surface RT failures
Microsoft CEO Steve Ballmer received $1.26 million in pay and incentives for fiscal 2013, despite taking a dock in pay for the Surface's failures.

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
Tags
Steve Ballmer Incentive
Advertisement - News comments available below the ad
  • 4 comments
  • A5J4DX

    damn

    4.10.2013 16:25 #1

  • SomeBozo

    Great to see, and a nice reminder/incentive to suggest he needs to leave NOW! :)

    4.10.2013 21:55 #2

  • bankai987

    Wow, he got a dock in pay,....lol. He's just worth 18 billion dollars.

    5.10.2013 23:44 #3

  • dEwMe

    Yeah and there are much much bigger fish out there...

    Just my $0.02,

    dEwMe

    7.10.2013 11:07 #4

© 2022 AfterDawn Oy

Hosted by
Powered by UpCloud