Drop in compensation for Gates, Baller: MS
Bill Gates and Steve Ballmer both got slight raises last year, but their overall compensation fell as Microsoft Corp's top executives received smaller bonuses.
By Agencies |
REDMOND (US): Bill Gates and Steve Ballmer both got slight raises last year, but their overall compensation fell as Microsoft Corp's top executives received smaller bonuses.
Gates, Microsoft's co-founder and chairman, and Ballmer, the company's chief executive, each received $616,667 in salary and a $350,000 bonus for Microsoft's fiscal year that ended June 30. In the previous fiscal year, the two executives received a salary of $600,000 and a bonus of $400,000.
Ballmer's total compensation, including matching contributions in the company-sponsored retirement plan and flexible benefits, was $976,149, down from $1,009,073 for Microsoft's fiscal year ended June 30, 2005.
Gates' total compensation was $968,779, compared with $1,002,469 in the previous fiscal year. Gates has announced plans to scale back his Microsoft duties by mid-2008 so he can focus on his philanthropy.
Redmond-based Microsoft also disclosed in a proxy filing that Gates owned 9.73 per cent of Microsoft stock compared with 9.55 per cent a year earlier. Ballmer owned 4.15 per cent of Microsoft shares, compared with 3.85 per cent the previous year.
Forbes magazine ranks Gates as the world's richest man, worth an estimated $53 billion. Ballmer ranks 15th at an estimated $13.6 billion.
Gates, Microsoft's co-founder and chairman, and Ballmer, the company's chief executive, each received $616,667 in salary and a $350,000 bonus for Microsoft's fiscal year that ended June 30. In the previous fiscal year, the two executives received a salary of $600,000 and a bonus of $400,000.
Ballmer's total compensation, including matching contributions in the company-sponsored retirement plan and flexible benefits, was $976,149, down from $1,009,073 for Microsoft's fiscal year ended June 30, 2005.
Gates' total compensation was $968,779, compared with $1,002,469 in the previous fiscal year. Gates has announced plans to scale back his Microsoft duties by mid-2008 so he can focus on his philanthropy.
Redmond-based Microsoft also disclosed in a proxy filing that Gates owned 9.73 per cent of Microsoft stock compared with 9.55 per cent a year earlier. Ballmer owned 4.15 per cent of Microsoft shares, compared with 3.85 per cent the previous year.
Forbes magazine ranks Gates as the world's richest man, worth an estimated $53 billion. Ballmer ranks 15th at an estimated $13.6 billion.
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