10/7/2006

Microsoft Trims Bonuses For Gates And Ballmer

Filed under: — By Aviran Mordo @ 10:10 am

Microsoft cut bonuses to Bill Gates and Steve Ballmer because of stalled profit gains, according to filings made to the Securities and Exchange Commission Wednesday.

Gates, the Redmond, Wash. company’s chairman, and Ballmer, its chief executive, each earned $616,667 in salary during the 2006 fiscal year, which closed June 30. Bonuses added another $350,000 to each man’s compensation.

Their bonuses were down 14 percent from 2005’s $400,000.

Source: InformationWeek

 

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