CEO Steve Ballmer 'underpaid,' Microsoft says

[OhioChick]

Microsoft CEO Steve Ballmer received compensation valued at $1.38 million in 2011, well below his peers

October 04, 2011 02:57 PM ET

Microsoft CEO Steve Ballmer received compensation valued at $1.38 million this year, according to documents filed this week with the U.S. Securities and Exchange Commission. His total package is up roughly 2% compared to 2010, when he received compensation valued at $1.35 million.

Ballmer's 2011 pay package consists of a $682,500 salary and a $685,500 bonus (half of the $1.37 million bonus he was eligible to receive). He also received a modest $11,915 in perks, which consist of a 401(k) company match and imputed income related to Microsoft's benefits program.

At his own request, Ballmer didn't receive any stock awards or option awards in 2011.

"As in previous years, Mr. Ballmer's incentive compensation opportunity for fiscal year 2011 was limited to a cash payment of up to 200% of his fiscal year 2011 base salary, consistent with his request that we not award him equity compensation," Microsoft said in its annual proxy statement.

More: http://www.networkworld.com/news/2011/100411-ballmer-pay-251574.html?hpg1=bn

[ChromeFoundry]

1. ...they are all overpaid. n/t

[HughBeaumont]

2. Steve Ballmer's personal net worth is 14.5 Billion.

I'm pretty sure he won't be gathered around a fire barrel any time soon. :puke:

With corporate statements such as this, it's kind of galling that there are people who wonder why the "Occupy" movement is gaining steam at the rate it is.