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Kin was an epic fail after only two months on the market  (Source: Microsoft)
Bonus was half what it could have been

There have been many epic failures in the tech world over the years. One of the most recent failures came from Microsoft in the form of the Kin mobile phones. Consumers stayed away from the Kin in droves and Microsoft quickly pulled the plug.

“You've got to be bold, you've got to look forward and you've got to stay focused,” noted Microsoft CEO Steve Ballmer in a recent interview. “Kin was neither -- with 20-20 hindsight -- bold enough relative to where the market's going, and it just defocused activity from Windows Phone."

Ballmer may have piloted Microsoft to its best year ever, but the missteps by the company cost Ballmer. Ballmer reportedly made his yearly bonus, but the bonus was half what it could have been.

Ballmer received a bonus equal to his entire yearly salary amounting to $670,000. That is certainly a massive bonus by most accounts. However, the proxy filing by Microsoft cited the reasons for Ballmer not getting his full bonus were "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."

Ballmer could have received no bonus at all, so not all was lost. The total pay that Ballmer took home for fiscal 2010 totaled $1.34 million. 
Reuters reports that Ballmer has 408 million shares of Microsoft for 4.7% of the company estimated to be worth about $10 billion.

Forbes lists Ballmer as the 16th richest person in America.

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RE: Reasonable???
By MrBlastman on 10/1/2010 9:49:14 AM , Rating: 4
Compared with Larry Ellison, it is _more_ than reasonable. Larry once took home 700 Million in one year. Over the last 5 years, he has averaged 49.45 Million a year.

RE: Reasonable???
By Taft12 on 10/1/10, Rating: 0
RE: Reasonable???
By vol7ron on 10/1/2010 10:03:46 AM , Rating: 3
Yeah... Microsoft's cap is bigger by 80B; that difference is over 70% of Oracle's current cap - pretty significant.

It doesn't matter how many unprofitable ventures you have, so long as your profitable ones cover your losses.

RE: Reasonable???
By MrBlastman on 10/1/2010 10:27:36 AM , Rating: 5
True but...

Microsoft has 89,000 employees, whereas Oracle has 105,000. The amount of revenue generated per employee at Oracle is 255428.00, the amount at Microsoft is 696506.00--that's a pretty significant difference.

Either the employees at Microsoft are being paid far more or Oracle is running a sweatshop that just isn't delivering the goods.

Okay--that isn't completely true. In the same 5-year period, Microsoft's stock went from 27.35/shr to 24.52/shr, where Oracle's went from 17.74 to 27.48. Hmm... They're crackin' that whip hard! The shareholders are happy. :)

I do know for a fact though that Larry _hates_ to give out raises. He deplores it, even when they are making huge profits.

RE: Reasonable???
By fic2 on 10/1/2010 6:39:01 PM , Rating: 3
Apparently Larry doesn't hate receiving raises, though.

"There is a single light of science, and to brighten it anywhere is to brighten it everywhere." -- Isaac Asimov

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