“Microsoft Corp. Chief Executive Officer Steve Ballmer received $1.26 million in compensation for the 2013 fiscal year, missing out on more than half of his potential bonus as the company struggles in mobile devices,” Dina Bass and Ian King report for Bloomberg.
“Ballmer received a bonus of $550,000, 79 percent of his base salary, for the 12 months ended June 30, the Redmond, Washington-based company said in a filing yesterday. He was eligible for as much as 200 percent of his base,” Bass and King report. “Microsoft’s board cited disappointing sales of its Surface tablets and difficulties in the PC market for its assessment of the CEO’s performance.”
Bass and King report, “Ballmer, who is retiring within a year, also received less than half of his maximum bonus in 2012 and half in the year prior because of shortcomings in the performance of business units including Windows and mobile phones. His salary was $697,500 for the past fiscal year… The company, which introduced two new versions of its Surface tablets last month, entered the market dominated by Apple’s iPad… Designed to keep its Windows software relevant as consumers shift to tablets from personal computers and laptops, the Surface instead generated such little demand that Microsoft took a $900 million inventory writedown last quarter.”
Read more in the full article here.
MacDailyNews Take: Tragic.
Nobody should feel bad for this guy. That’s still a lot of Twinkies.
You guys are being seriously unfair to him.
As long as he is M$’s CEO he makes Apple inc. look like butter would never melt in its mouth. (If Apple inc were a person)
He is the best CEO Apple inc never had, you guys will only realize this when the new M$ CEO comes in and Apple’s silver moon appears to tarnish a little. That is until the new M$ CEO learns how to polish Apple incs silver moon.
Meanwhile Baldy Balmer the best chair thrower in the West will be able to sell his shares of M$ and keep just enough to receive a dividend that he & his family can live off.
Finally, at least you cannot blame him for the government shut down! If he was running the show for the republicans, their star would be on the way up!!!
I Just Love Steve Ballmer!!!!!!!!!! For what he has done for Apple inc.
Ballmer is so enlightened he will probably buy a Major League Baseball team, the Seattle Pilots.
A bonus of only $550,000.
Wait while I get out my tiny violin.
Apple should give Ballmer a big bonus instead for all he’s (not) done to promote Apple’s bottom line and heralded success. All the bad choices, the lack of awareness, the cluelessness, the lack of vision, all things Ballmer did to (inadvertently) take Microsoft down should be rewarded. He was one of Apple’s biggest ass-sets.
Yes, yes, he was. We will miss him, but I will look for him on Dancing with the Stars.
If he failed, why does he get a bonus at all? In any sane company, failure to attain defined goals to the point of being “fired” (retired early) means no bonus.
Since your leadership cost us a least $900 million in losses (not counting losses we have yet to write off), we can only award you $550,000 as your bonus this year.
Yeah, that’s totally sane… 😉
Obviously Billy still has a soft spot for him.
Shakespearean.
Ballmer for president! He would be less of a bane than boner.
It was the best of tragedies. It was the worst of comedies.
That’s Dickensian.
Which is a good description of having to use Windows.
The first thing we do is kill all the sales guys. – Henry VI
Maybe we should pass the hat for him. And even let him keep the hat to cover that bald head of his.
Better yet. Let’s send him an iPhone.
HA! Gets a gold iPhone for his retirement gift!
I thought Microsoft’s board had already placed an order for a gold iWatch for him.
I’ll bet Monkey Boy is long gone before any Apple watches hit the market (if they do the product at all). By the looks of it, MS’s board has surprised Ballmy and has recently put his fat ass on the fastest train outa there.
Send his kids iPods.
He still makes hundreds of millions of dollars a quarter from share dividends, not bad for a buffoon.
He received about $250 million in dividends last year. He really doesn’t care about the bonus, but it is a public embarrassment.
Hundreds of millions per quarter!!! Not quite, but he does make a substantial sum so your point is taken.
He is still reportedly worth around 18 billion dollars.
I doubt he’ll be crying about this.
Exactly. Wish someone would punish me with $550,000.
The guy deserves a bonus, indeed.
But not from MS.
A legal criminal, anyway.
Best dorm assignment ever!
Bonus is just a rounding error.
At first I thought Microsoft didn’t want to make any tablets for the past 15 years because they didn’t want to hurt their desktop/laptop sales.
Now that I’ve seen them try . . .
“Dirty Deeds Done Dirt Cheap” apparently they are…
Overpaid clown
I love the little animated GIF of Ballmer’s chair, with the wheel coming off
Huh. In what world is bonus of 80% of ones salary a disappointment or a slap on the wrist.
Still, half a million can buy a lot of Republican politicians.
Whereas it’s chump change to Democrats.
Both parties are bought and paid for.
Greed is our new national anthem.
Siri: “Do you still think I’m pretty?”
Me: Yes, Siri, you’re gorgeous!
Poor Balmer. He’s very slightly less rich.
No wonder he genuinely cried on his leaving day wearing a yellow shirt, that yellow shirt is the sign of his penalty as in yellow card lol
Ballmer…missing out on more than half of his potential bonus as the company struggles in mobile devices
that’s so sad i’m going to zzzzzz
kick his ass to the curb, i dont feel one bit sorry for this nearsighted fool.
he has led ms down a dangerous path that there is a serious risk of not recovering the damage they have done to their consumer base.
give him his swansong lemon-RT as a parting gift, its all he deserves.