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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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only 670k
By cjohnson2136 on 10/1/2010 10:03:31 AM , Rating: 2
umm ok he is wirth 10 billion i really dont think he cares about 670k. This whole article seems REALY pointless

RE: only 670k
By vol7ron on 10/1/2010 10:05:01 AM , Rating: 2
I think the article was more about the Kin's failure than his bonus/salary.

RE: only 670k
By cjohnson2136 on 10/1/2010 10:07:00 AM , Rating: 2
well then they should report on that. I would rather hear the numbers of how the Kin did then what Ballmer lost on it.

RE: only 670k
By xti on 10/1/2010 10:22:07 AM , Rating: 2
its pointless as OP said.

RE: only 670k
By amanojaku on 10/1/2010 10:31:44 AM , Rating: 2
The OP was right: this article is pointless. It pales in comparison to the source, which is this link:

The one Shane linked to goes somewhere else, but it's not uncommon for a link to change.

Anyway, the source points out that Ballmer's bonus pay was reduced for a variety of factors, including the Kin. The board is happy with some of the work Ballmer has done this year, but wants him to get off his ass on other issues. I hope this was done to other execs, as well. There's a lot of money spent on performance-based bonuses, and I know a lot of people haven't performed there lately.

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