Apple costs Steve Ballmer half his bonus
I’ll post this under “OLD News”, but hey, it’s new to me. According to AppleInsider, a recent proxy filing to the SEC by Microsoft revealed that the Redmond company’s Compensation Committee awarded Ballmer “only” half of his potential 2009 bonus. Of course, half is still 100% of his annual salary, but it COULD have been 200%, which should be a sobering wake up call to the sweaty CEO.
So, what caused Microsoft to slap Ballmer on his clammy wrist? Apparently “the unsuccessful launch of the Kin phone; loss of market share in the company’s mobile phone business; and the need for the company to pursue innovations to take advantage of new form factors.”
Ouch. Why didn’t they just say “Apple ate your lunch”? Not that Ballmer couldn’t stand to skip a few lunches. Well, I’m sure now that now that the iPhone is dead, Ballmer’s 2010 bonus should be secure.