Bonuses slightly smaller for top Microsoft officials
Seattle PI | at | by Mike
Their positions on the Forbes list aren't in jeopardy, by a long shot, but Microsoft Chairman Bill Gates and Chief Executive Steve Ballmer both received slightly smaller bonuses last year, according to a new filing.
Microsoft's annual proxy statement, filed Wednesday, showed bonuses of $350,000 each for Gates and Ballmer in the fiscal year ended June 30 -- down from the $400,000 bonus awarded to each the year before.
The company bases executives' bonuses on their annual performance against specific objectives. The filing said the board determined Ballmer's bonus based on measures including revenue, profit, customer satisfaction, development of the company's leadership and achievement of major product development objectives.