How much income does Microsoft CEO have for a year?

Package remuneration of CEO Steve Ballmer is worth about 1.3 million USD for the fiscal year 2007, the year that Microsoft reached a profit of 14 billion USD.

According to company documents submitted to the US Securities and Exchange Commission (SEC) on Friday (September 21), during the financial year ended June 30, 2007, Mr. Ballmer received $ 620,000 in salary and 650,000. USD bonus. Unlike many other tech companies that often spend millions of dollars on security, travel and other benefits for executives, Microsoft spends Ballmer a modest $ 6,750, commensurate with the $ 401 million retirement plan. he and about 3,000 USD life insurance, sports club membership cards.

Microsoft CEO Steve Ballmer.

According to documents submitted to the SEC, Microsoft said Mr. Ballmer, now owning about 4.3% of Microsoft shares, did not receive remuneration from assets (stocks). He also did not have any stock options or any stock bonuses during the year. Microsoft's compensation committee 'believes that Mr. Ballmer is paid less than his role and achievements' in the company. Compared to the $ 61.2 million package Oracle paid to CEO Larry Ellison in the 2007 fiscal year, Mr. Ballmer's remuneration was just a 'humble' angle, but seemed to be on par with Jeff Bezos CEO of Amazon.com , $ 28 million).

Microsoft did not say Bill Gates, chairman of the largest software company in the world, was paid salary and bonuses during the year. Gates, who holds about 9.3% of Microsoft shares, did not receive any stock-based remuneration. The US Securities and Exchange Commission asked companies to report details of the remuneration of a group of the highest-paid executives and Microsoft said Gates' salaries and bonuses fell below Ballmer, Chief Financial Officer Christopher Liddell and three other leaders of the company.

The company's report also revealed that, at the annual meeting scheduled for November 13, 2007, Microsoft shareholders will vote for two proposals. Firstly, by William Thompson, New York City's financial controller, asked Microsoft to change its business habits in countries he described as "authoritarian." His proposal asked Microsoft to stop keeping data that could identify individuals who live in China, Iran, Saudi Arabia and other countries; restrain the giving or training of government agencies in countries that he deems to be limited. The second proposal is that Microsoft established a human rights committee.

The board of directors recommended that shareholders vote against both of the above suggestions, emphasizing that the company is trying to escape from both.

Microsoft shares gained 23 cents to 28.65 USD when ending the last trading session on US stock market on Friday (September 21).