Ballmer sees his bonus cut, Hastings leaves Microsoft board

The Microsoft CEO was marked down for trouble in Europe and slow online and Windows growth

Microsoft CEO Steve Ballmer saw his bonus shrink a little in 2012 while that of other Microsoft executives rose significantly, the software maker said Tuesday.

Ballmer received a bonus payment of US$620,000, about 91 percent of his target, the company said. Combined with a salary of $685,000 and other rewards, Ballmer received $1.3 million from Microsoft in its 2012 financial year.

Despite successfully guiding the company toward the imminent launch of Windows 8, a new Office suite and SQL Server 2012, and a 12 percent jump in server and tools revenue, the chief executive's performance was marked down due to a decline in the Windows division, slow growth in online businesses and the failure of the Windows division to offer European users a choice of which Web browser to use.

Ballmer's total compensation is dwarfed by that of Kevin Turner, the company's chief operating officer. Turner took home $10.7 million in the year, of which roughly three-quarters was in the form of Microsoft shares. His bonus was $2.4 million.

The information was disclosed in a proxy statement for Microsoft's annual general meeting of shareholders, which was filed with regulators on Tuesday ahead of the meeting on Nov. 28.

Other executives named in the filing included Steven Sinofsky, president of the Windows division, who received $8.6 million in compensation; Kurt DelBene, head of the Office division, who took home $7.9 million; and Peter Klein, Microsoft's chief financial officer, who received $5.1 million.

Separately, Microsoft also said Tuesday that Netflix CEO Reed Hastings won't be seeking reelection as an outside board member at the company's annual general meeting.

The proxy statement did not give a reason for Hastings' departure. In a press release, Ballmer praised Hastings' tenure on the board.

Microsoft shareholders will vote on nine nominations for the company's board. They are Bill Gates, chairman; Steve Ballmer, CEO; Dina Dublon, former chief financial officer of JPMorgan Chase; Maria Klawe, president of Harvey Mudd College; Stephen Luczo, chairman, president and CEO of Seagate Technology; David F. Marquardt, general partner of August Capital; Charles Noski, former vice chairman of Bank of America; Dr. Helmut Panke, former chairman of the board of management at BMW; and John Thompson, CEO of Virtual Instruments.

Martyn Williams covers mobile telecoms, Silicon Valley and general technology breaking news for The IDG News Service. Follow Martyn on Twitter at @martyn_williams. Martyn's e-mail address is martyn_williams@idg.com

Join the PC World newsletter!

Error: Please check your email address.

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Martyn Williams

IDG News Service
Show Comments

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?