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Steve Ballmer gets less than 'A' grade in compensation

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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.

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