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Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

October 3, 2011 at 2:21 PM

Ballmer receives salary hike, reaches 100 percent of target

Corrected version

Microsoft CEO Steve Ballmer received base pay of $682,500 (an increase of 2.2 percent) in the fiscal year ended June 30, along with 100 percent of his target award of $682,500, according to Microsoft’s proxy statement filed today announcing its upcoming shareholders meeting.

He didn’t, however, receive as much as the board could have allowed, which would have been about $1.37 million — or 200 percent of his target award.

Balmer received 100 percent of his target award, the proxy statement says, “based on his performance appraisal and other relevant information considered by the independent members of the Board,” including his performance against individual commitments, operating income performance of the company relative to 25 large tech companies, successful product launches, progress in positioning the company in the cloud-based infrastucture, partnerships with Facebook and Nokia, progress in the next generation of Windows, and an overall strong financial year.

The statement also mentions, however, lower than expected initial sales of Windows Phone 7, a 2 percent decline in revenue for the Windows and Windows Live Division, and a need for more progress in new form factors (e.g. tablets).

Among other executives:

Chief Financial Officer Peter Klein’s total compensation was $3.5 million, including $525,000 in base salary, $720,00 in bonus and $2.3 million in stock awards.

Windows and Windows Live President Steven Sinofsky’s total compensation was $7.2 million, including $649,167 in base salary, $1.3 milion in bonus and $5.3 million in stock awards.

Chief Operating Officer Kevin Turner’s total compensation was $9.3 million, including $732,500 in salary, $1.9 million in bonus and $6.6 million in stock awards.

Office Division President Kurt DelBene’s total compensation was $6.2 million, including $603,333 in base salary, $1.5 million in bonus and $4.2 million in stock awards.

The annual shareholders meeting will take place at 8 a.m. Nov. 15 at Meydenbauer Center in Bellevue.

Information in this item, originally published Oct. 3, 2011, was corrected later that day. For executives other than Ballmer, a previous version of this item did not have the total compensation amounts and included base salary figures for fiscal year 2011 that went into effect Sept. 1, rather than the average base salary for the whole of the fiscal year.

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