Gates, Ballmer still on payroll, and don't forget 401(k) matching


microsoft

What do you get for those who have everything? Well, according to a proxy filing, Microsoft is paying salaries of $616,667 to Bill Gates and Steve Ballmer. This was actually a 2.8% increase over the past year. Although, the bonuses were only a relatively modest $350,000.

In light of the fact that these guys are multi-billionaires, it is amazing that they are still on payroll.

Something else that is comical: Ballmer got $6,600 in matching contributions for his 401(k) and flexible benefits of $2,882. Gates received flexible benefits of $2,112.

I know a variety of founder-CEOs who take no salaries (or nominal salaries). Or, take a look at the co-founders of Google. Their compensation is $1.

Looking at the proxy, Gates owns 957,499,336 shares of Microsoft and Ballmer has 408,252,990 shares.

Shouldn't that be enough?

Tom Taulli is the author of various books, including the Complete M&A Handbook and operates InvestorOffering.com.

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