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Microsoft's Gates, Ballmer receive 13% hike in pay packages

Neowin · Sep 21, 2002 08:06 EDT with -1 comments

Microsoft's top two executives received 13% raises in the past year, with chairman Bill Gates and chief executive Steve Ballmer each earning $753,310 in salary and bonuses, the company has disclosed.

Gates, who owns 11.6% 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 Thursday with the Securities and Exchange Commission.

Ballmer owns 4.4% of Microsoft.

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.

News source: USAToday - Microsoft's Gates, Ballmer receive 13% hike in pay packages