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

Written by Andre Yoskowitz (Google+) @ 04 Oct 2013 13:11 User comments (4)

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.

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4 user comments

14.10.2013 16:25

damn

24.10.2013 21:55

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

35.10.2013 23:44

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

47.10.2013 11:07

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


Just my $0.02,

dEwMe

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