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| UPDATED: 2007-10-05 |
 Ballmer Among Most Underpaid Executives 
By: Nathan Weinberg 2007-10-05 Microsoft CEO Screamin Steve Ballmer is one of the most underpaid chiefs in the industry, receiving a pay package of $1.3 million... ...last fiscal year. Ballmer received a salary of $620,000 and a bonus of $650,000, plus $6,750 for his 401K and $3000 for life insurance and his gym membership. Of course, Ballmer owns 4.3% of all Microsoft shares, and with MS stock rising over 30% on the year, he made about $3 billion off the companys success anyway. Microsofts compensation committee believes Ballmer is underpaid, especially considering the success Microsoft enjoyed last year and Ballmers growing role as Gates retires. Gates reportedly received less than Ballmer and four others at the company. Ironically, because of the performance of Ballmers stock, he didnt need to be paid much, but if the company did worse, they might have to pay him more to make up for it. At the annual meeting scheduled for Nov. 13, Microsoft shareholders will have the opportunity to vote on two shareholder proposals, also disclosed in Fridays filing. One, brought by the New York Citys comptroller, William Thompson, asked Microsoft to change its business practices in countries he described as authoritarian. His proposal asks Microsoft to stop keeping data that can identify individual users who live in China, Iran, Saudi Arabia and other countries, and to refrain from giving equipment or training to government agencies in countries he identified as restrictive. The other proposal asked Microsoft to establish a board committee on human rights. Microsofts board recommended shareholders vote against both proposals, citing existing efforts in both areas. Comments Tag: Steve Ballmer Add to  Del.icio.us |  Digg |  Reddit |  Furl About the Author: Nathan Weinberg writes the popular InsideGoogle blog, offering the latest news and insights about Google and search engines. Visit the InsideGoogle blog. |
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