Mobile problems cut into Ballmer's bonus

Translate Request has too much data
Parameter name: request
Translate Request has too much data
Parameter name: request
Mobile Problems Cut Into Ballmer's Bonus | WebProNews@import "/modules/node/node.css";@import "/modules/system/defaults.css";@import "/modules/system/system.css";@import "/modules/user/user.css";@import "/sites/all/modules/cck/content.css";@import "/sites/all/modules/fckeditor/fckeditor.css";@import "/sites/all/modules/cck/fieldgroup.css";@import "/sites/all/themes/webpronews/style.css"; Submit Your Article WebProNews WebProNews Alerts: Home Events WebProNews Videos Advertise Newsletter Archive RSS SearchSocial MediaTechnologyMarketingEmail MarketingGoogleFacebookTwitterBingYahooAmazonYouTube Tags WebProNews Web Slice

15 – Close + Open Easily Follow WebProNews Follow us on Facebook, Twitter, Buzz... it's up to you. We've made it very easy to follow WebProNews Join our Facebook community. Simply click the "Become a Fan" button >>


Text: | Print | Share:


Mobile Problems Cut Into Ballmer's Bonus Microsoft CEO misses out on $670,000

Comment Friday, October 1, 2010 ViewComments By Doug Caverly 2 Buzz This

The next time you hear Steve Ballmer saying that he wants Microsoft to succeed in the mobile market, do not doubt his sincerity.  A proxy statement released by Microsoft yesterday revealed that Ballmer essentially lost $670,000 due to the company's poor performance.

A little background information: like many companies, Microsoft tries to incentivize its execs.  And for fiscal year 2010, Ballmer could have gotten a bonus worth as much as 200 percent of his base salary, according to the proxy statement.

However, after the Compensation Committee and certain members of the Board of Directors considered "the unsuccessful launch of the Kin phone; loss of market share in the company's mobile phone business; and the need for the Company to pursue innovations to take advantage of new form factors," Microsoft gave Ballmer a bonus of $670,000, not $1,340,000.

That's got to sting a bit, and perhaps make him all the more eager to make Windows Phone 7 competitive with Android and iOS.

Of course, we don't mean to suggest that anybody should feel too bad for Ballmer.  All in all, Ballmer received $1,351,121 for the fiscal year ending June 30th, and that's quite a lot of money.  Also, Forbes recently named the 54-year-old the fourteenth richest American, with a net worth of $13.1 billion.

It should be interesting to see if this development provokes Ballmer into adopting a different approach to the mobile market, anyway.

News Tags: Microsoft, mobile, Steve Ballmer About the author:
Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news. Publish A Comment Your name: E-mail: The content of this field is kept private and will not be shown publicly. Homepage: Subject: Comment: * Web page addresses and e-mail addresses turn into links automatically.Allowed HTML tags:

1. Lines and paragraphs break automatically.CAPTCHAThis question is for testing whether you are a human visitor and to prevent automated spam submissions. Math Question: * 3 + 9 = Solve this simple math problem and enter the result. E.g. for 1+3, enter 4. SEARCH Advertisement View All Videos What Would Happen If Google Would Break?
   Have you ever thought about life without Google? It would be pretty... Watch | 1 Comment Net Neutrality Challenged Again
   The battle to keep the Internet free and open now has a new challenge... Watch | 9 Comments Recommendations For Mobile Success
   Mobile apps are hot right now, and it seems like everyone and... Watch | 1 Comment Lessons Learned from Doing without Social Media
   The results are in regarding a story WebProNews brought you last... Watch | 9 Comments Advertisement
   
   
   
   
   WebProNews Videos |Advertise | About Us |Newsletter | Archive |News Feeds | Terms & Conditions | Login
   
   WebProNews is an iEntry Network ® publication - © 1998-2010 All Rights Reserved
   

   View the original article here