TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Steve Ballmer gets less than 'A' grade in compensation

By The Associated Press
Friday, Oct. 4, 2013, 12:01 a.m.
 

Microsoft CEO Steve Ballmer was awarded 79 percent of his target bonus for the year through June as the software giant cited falling profits for its Windows division and sluggish sales of the Surface tablet.

The $550,000 award was detailed in a securities filing on Thursday. It's tiny compared with Ballmer's $11.3 billion in Microsoft stock but shows board dissatisfaction. Ballmer said in August that he'll step down within 12 months.

His totall pay was valued at nearly $1.3 million, down 4 percent from the year before.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. DQE Communication inks data deal with Iron Mountain
  2. Government approves compromise on Corbett’s alternative Medicaid plan
  3. U-PARC houses companies ranging from innovative to traditional
  4. Deported migrants find home at call centers
  5. Students walk shop class path to excellence
  6. States clear way for startups to use crowdfunding
  7. Gas drilling company withdraws application for forced pooling in Western Pennsylvania
  8. UPMC to help China build private medical center to boost public care there
  9. 2 top technology officers leave UPMC
  10. Compelling cases exist for cashing out, staying in as stock market soars
  11. Healthy PA expands number of recipients but cuts benefits
Subscribe today! Click here for our subscription offers.