Feeds

Ballmer and Gates make a million

Hardest working men in IT

Security for virtualized datacentres

Bill Gates and Steve Ballmer have finally joined their high-tech peers by scoring annual salaries in the one million dollar range.

Microsoft's chief software architect and chief executive officer were paid $1m during the last fiscal year after each receiving a $400,000 bonus on their $600,000 salaries. Both men were previously just shy of $1m, being paid $901,000 each.

In its latest Securities and Exchange Commission (SEC) filing Microsoft said the compensation reflected their status as significant shareholders of the company. Both men are eligible for bonus of up to 120 per cent based on a review.

The reward came as Microsoft announced a record year, reporting $39.79bn revenue for fiscal 2005 that ended on June 30, 2005. Revenue for the year increased eight per cent.

The award finally puts Gates in the same league as their peers at at lest two rivals - Oracle and SAP. But only just. Henning Kagermann, chief executive for SAP, draws a $4.16m salary from the ERP Goliath while Oracle's Larry Ellison keeps a lavish lifestyle of boating and designer homes afloat with a $7.48m pay check.

The blip is not enough to beat two of Microsoft's other top performers, though. Kevin Johnson, recently appointed co-president of platform products and services, pulled in $1.05m in salary and bonuses while Jeff Raikes, head of business solutions, scored $1.04m. Out-bound co-president of platform products and services, Jim Allchin, drew level with Gates and Ballmer.

Microsoft noted in its SEC filing that the salaries of Gates and Ballmer are "significantly below competitive levels elsewhere in the information technology industry and large market capitalization US companies, and they do not participate in the company's equity compensation program". ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.