Microsoft CEO Steve Ballmer’s pay increased almost 6% in fiscal 2010
Microsoft CEO Steve Ballmer’s pay increased almost 6% in fiscal 2010

With the world’s leading software maker, Microsoft, benefiting from a resurgence of corporate spending on technology, the compensation package of the company’s CEO, Steve Ballmer, increased almost 6 percent in fiscal 2010.

According to an Associated Press calculation of new compensation package figures disclosed in a Securities and Exchange Commission (SEC) filing on Thursday, Ballmer received a pay package valued at $1.35 million for the fiscal year that ended on June 30.

In more specific terms, Ballmer’s new compensation package is almost at par with the pay that he was drawing in 2008, before the economic downturn set in. While his salary for the fiscal increased 1 percent to $670,000; his bonus increased 12 percent to $670,000.

The bonus was based on an assessment of Ballmer’s performance during the fiscal, including “a series of successful product launches including Windows 7, Office 2010, Bing, Windows Server, and SQL Server.”

Going by the SEC filing, Ballmer’s performance in a fiscal year is evaluated by Microsoft’s compensation committee, which looks at what other Microsoft executives will be paid and “exercises its judgment” while recommending Ballmer’s bonus.

Interestingly, as per the SEC filing, Ballmer – who owns 4.8 percent of Microsoft’s stock - has the lowest compensation among Microsoft’s senior executives listed in the company’s annual proxy statement. The compensation package of the company’s chief operating officer Kevin Turner increased nearly two times to $10.4 million in fiscal 2010; while that of Robbie Bach, the retiring president of the Entertainment and Devices division, increased to $7.6 million.

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