Soaring sales mean 32% more for Microsoft CEO
Seattle PI | at | by Mike
Microsoft raised Chief Executive Steve Ballmer's overall compensation 32 percent in 2006 after sales climbed the most in six years.
Ballmer got $1.28 million in salary and bonus for the year ended June 30, the Redmond company said Friday in a regulatory filing. Ballmer, with a fortune of $15.2 billion, ranks 16th on Forbes magazine's wealthiest Americans list.
Unlike some technology companies that spend millions on executive security, travel and other perks, Microsoft gave Ballmer a modest $6,750 in matches to his 401(k) retirement plan and approximately $3,000 worth of life insurance and athletic club memberships.