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Microsoft's Top Execs Get Pay Raise | |
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| Time: 06:18 EST/11:18 GMT | News Source: Associated Press | Posted By: Alex Harris | ||
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Microsoft Corp.'s top two executives received 13 percent raises in the past year, with chairman Bill Gates and chief executive Steve Ballmer each earning $753,310 in salary and bonuses, the company disclosed Thursday. Gates, who owns 11.6 percent of the software giant, and Ballmer each got a base salary of $547,500 and a bonus of $205,810 in fiscal year 2002, according to a filing with the Securities and Exchange Commission. But the two weren't the highest-paid executives at the company. James Allchin, the platforms group vice president, earned $495,195 in salary and a $400,000 bonus the most of any executive still working at Microsoft. Former president Richard Belluzzo, who left Microsoft earlier this year, earned $918,723 in salary and bonus and $13.7 million in "all other compensation." That reflects the remaining portion of a $15 million advance Microsoft made to Belluzzo in December 2000 as a guaranteed minimum of what his stock options would be worth as they vested. | ||
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