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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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By StevoLincolnite on 10/1/2010 10:25:56 PM , Rating: 2
quote:
It only knows how to compete well when it has a forced monopoly.


Not at all, Microsoft competes fairly good in several markets despite not being a monopoly in them.

They are incredibly profitable in the home console market (The Xbox 360).

The Zune despite relatively poor sales is an excellent machine.

And I expect good things to come from the Windows Phone 7 as well.


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