Microsoft Chief Executive Steve Ballmer does not get the maximum bonus for the last fiscal year, although the formation of the highest sales in company history, when he hit to an error in cell movement and not fast enough to counter Apple iPad.
Steve Ballmer, 54, received a cash bonus of $670,000 for the fiscal year ended on June 30, equal to his salary, but only half of the maximum payout, according to a filing with securities regulators on Thursday.
The world’s largest software company commended Steve Ballmer for increasing sales 7 percent to a record $62.5 billion, cutting costs, launching the latest versions of Windows and Office, and pushing along cloud computing and gaming efforts.
But a discussion of Ballmer’s pay in the company’s annual proxy filing also referred to the “unsuccessful launch of the Kin phone, loss of market share in the company’s mobile phone business and the need for the company to pursue innovations to take advantage of new form factors.”
Microsoft’s Kin — a phone aimed at teenagers — flopped this year and was dropped less than three months after launch with poor sales.
Its Windows smartphone software has been losing share sharply over the last few years to Apple’s iPhone, Google’s Android and Research in Motion’s BlackBerry.
Microsoft has less than 12 percent share in the US market for smartphone operating systems, according to research firm comScore.
The company has also been in the spotlight for the lack of a quick response to Apple’s iPad, which has sold more than three million since launching this year. Reuters
Steve Ballmer, 54, received a cash bonus of $670,000 for the fiscal year ended on June 30, equal to his salary, but only half of the maximum payout, according to a filing with securities regulators on Thursday.
The world’s largest software company commended Steve Ballmer for increasing sales 7 percent to a record $62.5 billion, cutting costs, launching the latest versions of Windows and Office, and pushing along cloud computing and gaming efforts.
But a discussion of Ballmer’s pay in the company’s annual proxy filing also referred to the “unsuccessful launch of the Kin phone, loss of market share in the company’s mobile phone business and the need for the company to pursue innovations to take advantage of new form factors.”
Microsoft’s Kin — a phone aimed at teenagers — flopped this year and was dropped less than three months after launch with poor sales.
Its Windows smartphone software has been losing share sharply over the last few years to Apple’s iPhone, Google’s Android and Research in Motion’s BlackBerry.
Microsoft has less than 12 percent share in the US market for smartphone operating systems, according to research firm comScore.
The company has also been in the spotlight for the lack of a quick response to Apple’s iPad, which has sold more than three million since launching this year. Reuters
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