In the past few years we have seen, on an almost regular basis, company CEO’s getting paid huge bonuses for failed management, policies, and performance. This is not the case for Microsoft. Steve Ballmer was supposed to take home a bonus of 200% of his base salary for the 2010 fiscal year. However with a dismal breakthrough into the smart phone world, (SEE: Kin, you know, that phone that got pulled after 79 days on the market) Microsoft felt like he didn’t fully deserve it. So Ballmer’s bonus was reduced by 50%. Now granted he did still earn $1.34 million, but it is still nice to see a company owning up to its mistakes and holding people accountable.
Kin You Believe it?
In the past few years we have seen, on an almost regular basis, company CEO’s getting paid huge bonuses for failed management, policies, and performance. This is not the case for Microsoft. Steve Ballmer was supposed to take home a bonus of 200% of his base salary for the 2010 fiscal year. However with a dismal breakthrough into the smart phone world, (SEE: Kin, you know, that phone that got pulled after 79 days on the market) Microsoft felt like he didn’t fully deserve it. So Ballmer’s bonus was reduced by 50%. Now granted he did still earn $1.34 million, but it is still nice to see a company owning up to its mistakes and holding people accountable.