BREAKING NEWS

Microsoft CEO's bonus trimmed for Windows, browser misstep

By REUTERS

OCTOBER 10, 2012 00:25

SEATTLE - Microsoft Corp Chief Executive Steve Ballmer got a lower bonus than last year's, partly for flat sales of Windows and his failure to ensure that the company provided a choice of browser to some European customers.

Ballmer, who took over as CEO from co-founder Bill Gates in 2000, earned a bonus of $620,000 for Microsoft's 2012 fiscal year, which ended in June, down 9 percent from the year before, according to documents filed Tuesday with the U.S. Securities and Exchange Commission.

His salary -- low by US corporate standards -- remained essentially flat at $685,000.

It is the third year in a row that Ballmer has not earned his maximum bonus, set at twice his salary.

Microsoft's recent financial year was scarred by a massive $6.2 billion write-down for a failed acquisition and lower profit from its flagship Windows system as computer sales stood still.

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