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Ballmer’s pay goes up

Published:September 19, 2009, 6:48 AM

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Updated: August 21, 2010, 2:03 AM

REDMOND, Wash. (AP)—Microsoft Corp. says it raised CEO Steve Ballmer’s salary by 4 percent in fiscal 2009 as the software maker’s profit plunged 17 percent on weak personal computer sales.

Ballmer’s salary rose to $665,883 from $640,833, according to a preliminary filing Friday with the Securities and Exchange Commission.

The CEO’s bonus was $700,000 last year. Microsoft didn’t disclose Ballmer’s bonus for fiscal 2009.

In an uncommon move, the company’s board proposed a “say-on-pay” measure that would give shareholders a chance to weigh in every three years on executive compensation.

Microsoft’s 2009 earnings fell to $14.6 billion from $17.7 billion in 2008. Sales dropped 3 percent to $58.4 billion, the first time its revenue declined since it went public in 1986.

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