by YAHOO! SEARCH
Ballmer’s pay goes up
Published:September 19, 2009, 6:48 AM
Key Links
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.
advertisement
The Feed / What’s Happening Now
Firefighters are awarded $2.7 million in bias case
Jamestown police investigate fatal car-pedestrian crash
Sabres' Regier remains upbeat despite latest injury
Searchers find body of woman missing since Friday
Convicted of homicide, but convinced of innocence
Bills re-sign comfortable Lindell
Girl Scouts selling three camp sites
She does heavy lifting for Pearl Street Brewery
Fitz won't blame injury for poor play
Metzelaars excited to return to Bills
Stay Informed
Newsroom Tips
Have a news tip you think The Buffalo News should investigate?
Call The News tip line at 849-4475 or email us at investigations@buffnews.com.
All calls and emails will be kept confidential.
Buffalo Marketplace
Marketplace videos
Watch the latest offers, products and services from our advertisers.
Browse our print ads
It's the ultimate advantage for Buffalo consumers. Never miss another ad again!
Buffalo Savers: coupons
Buffalo coupons at your fingertips.
Just click and print. It's Easy!

