I wonder how it looks on your personal bank account printout when someone transfers you 1.37M$ .
Since bonuses get paid as salary, it's subject to withholding, he'll net about $871,000 of that. I suspect he'll pay 35% in Federal Withholding and 1.4% in Medicare. I assume he's already "maxed out" on Social Security payments and his 401K for the year. There's no State Tax in Washington. Don't know if there are any local income taxes where he lives. He probably doesn't have to pay Health Insurance on the bonus.
Personally, Ballmer's personality has always annoyed me and I've never liked much of what Microsoft has produced (Excel perhaps being an exception). Having said that, they remain an enormously successful company, although I agree with the critics that they don't seem to have any future vision. The fact is that in the enterprise, where the money is, they dominate in both OS and in enterprise software. Sure, there are departments using Macs and people are using iPhones and the like to link to Exchange Server, but I don’t see anyone attempting to compete with Microsoft in the areas where they dominate. Some would say Google apps is an attempt, but I don’t see it. I’m actually surprised someone else hasn’t tried to be the “third operating system” looking at what Apple has done with a Unix-based system, but attempting to be stronger in the areas where Apple is weaker.
Quote:
Originally Posted by TBell
Microsoft pays 19 cents a share a quarter as a dividend. Last I checked Ballmer held something close to 350 milion shares of Microsoft. I am too lazy to figure out what that equals a year, but I am sure the amount is phenomenal. I probably also don't want to know.
Quote:
Originally Posted by ConradJoe
I'm having trouble with all of the zeros. If he's worth 13900000000, and made 1370000 , what would be the equivalent salary for a middle class guy guy who is worth $100,000?
IOW, it looks to me like $1.3M is a drop in the bucket to him. I'm wondering how small a drop $1.3M is to a guy worth over ten billion.
Are we talking 1% or a fraction of 1%? Somebody who is comfortable with magnitudes please do this in your head.
I'm bemused by the posters who criticize Ballmer's performance as if they could do better, but can't calculate some basic arithmetic. That’s $266 million a year in dividends and the $1.37m in salary compared to wealth of $13.9 billion is like $98.56 to a person who had wealth of $100,000.
Quote:
Originally Posted by lamewing
I just don't understand. If I was his age and a worth over a billion $$$ I sure wouldn't be spending my time working. I would be travelling constantly, seeing new sights, and truly enjoying the second third or half (who knows) of my life.
Wouldn't you folks???
Once they’re super-rich, it’s not about the money. It’s about the power. Most of these execs are workaholics and they define themselves by their title and power. Some of these guys are so protected, they have a hard time dealing with the ordinary things in life once they leave. The only one I think of who gave it up at a relatively young age to accomplish other things is Bill Gates and I have to give him credit for that, especially since so much of his current work is with various charities supporting health and education throughout the world. I wish the other super-rich execs would follow his lead in terms of giving away large portions of their weath.
Ballmer was a great hatchet man for Gates, but Steve has no vision himself.
The Microsoft board of directors is complacent and ineffective. They should have sacked Ballmer a couple of years ago.
This is what happens when you hire your close friends to run your business with you. Any other corporate board I think would have let Balmer go as far back as the Vista debacle, and maybe even earlier. But Bill was willing to sacrifice hundreds of billions of shareholder value because he didn't want to suffer through awkward backyard barbecues when the Gates and Balmer families got together.
I'm bemused by the posters who criticize Ballmer's performance as if they could do better, but can't calculate some basic arithmetic. That?s $266 million a year in dividends and the $1.37m in salary compared to wealth of $13.9 billion is like $98.56 to a person who had wealth of $100,000. .
Last I checked Gates held twice as much stock as Ballmer. Interestingly enough, right before Gates left, Microsoft came out with a dividend. So Gates is still getting paid significantly for doing nothing. He also still has power managing his charitable interests, whcih mostly gives away others money. He also left when Microsoft was on top.
It is interesting to compare Ballmer and Gates with Jobs. Jobs got a buck a year. he turned down any form of compensation when he came back. He could have pushed for a dividend, which would have made him even richer. Yet, he understood having the cash hoard is in Apple's best interest.
Quote:
Originally Posted by zoetmb
I'm bemused by the posters who criticize Ballmer's performance as if they could do better, but can't calculate some basic arithmetic. That?s $266 million a year in dividends and the $1.37m in salary compared to wealth of $13.9 billion is like $98.56 to a person who had wealth of $100,000.
Once they?re super-rich, it?s not about the money. It?s about the power. Most of these execs are workaholics and they define themselves by their title and power. Some of these guys are so protected, they have a hard time dealing with the ordinary things in life once they leave. The only one I think of who gave it up at a relatively young age to accomplish other things is Bill Gates and I have to give him credit for that, especially since so much of his current work is with various charities supporting health and education throughout the world. I wish the other super-rich execs would follow his lead in terms of giving away large portions of their weath.
Here's the rub...Say Microsoft's board wants a new CEO. Who do they get? Who could they get? Surely they'd want to recruit from outside since promoting from within would surely only continue the Steve Ballmer vision?
Comments
I wonder how it looks on your personal bank account printout when someone transfers you 1.37M$
Since bonuses get paid as salary, it's subject to withholding, he'll net about $871,000 of that. I suspect he'll pay 35% in Federal Withholding and 1.4% in Medicare. I assume he's already "maxed out" on Social Security payments and his 401K for the year. There's no State Tax in Washington. Don't know if there are any local income taxes where he lives. He probably doesn't have to pay Health Insurance on the bonus.
Personally, Ballmer's personality has always annoyed me and I've never liked much of what Microsoft has produced (Excel perhaps being an exception). Having said that, they remain an enormously successful company, although I agree with the critics that they don't seem to have any future vision. The fact is that in the enterprise, where the money is, they dominate in both OS and in enterprise software. Sure, there are departments using Macs and people are using iPhones and the like to link to Exchange Server, but I don’t see anyone attempting to compete with Microsoft in the areas where they dominate. Some would say Google apps is an attempt, but I don’t see it. I’m actually surprised someone else hasn’t tried to be the “third operating system” looking at what Apple has done with a Unix-based system, but attempting to be stronger in the areas where Apple is weaker.
Microsoft pays 19 cents a share a quarter as a dividend. Last I checked Ballmer held something close to 350 milion shares of Microsoft. I am too lazy to figure out what that equals a year, but I am sure the amount is phenomenal. I probably also don't want to know.
I'm having trouble with all of the zeros. If he's worth 13900000000, and made 1370000 , what would be the equivalent salary for a middle class guy guy who is worth $100,000?
IOW, it looks to me like $1.3M is a drop in the bucket to him. I'm wondering how small a drop $1.3M is to a guy worth over ten billion.
Are we talking 1% or a fraction of 1%? Somebody who is comfortable with magnitudes please do this in your head.
I'm bemused by the posters who criticize Ballmer's performance as if they could do better, but can't calculate some basic arithmetic. That’s $266 million a year in dividends and the $1.37m in salary compared to wealth of $13.9 billion is like $98.56 to a person who had wealth of $100,000.
I just don't understand. If I was his age and a worth over a billion $$$ I sure wouldn't be spending my time working. I would be travelling constantly, seeing new sights, and truly enjoying the second third or half (who knows) of my life.
Wouldn't you folks???
Once they’re super-rich, it’s not about the money. It’s about the power. Most of these execs are workaholics and they define themselves by their title and power. Some of these guys are so protected, they have a hard time dealing with the ordinary things in life once they leave. The only one I think of who gave it up at a relatively young age to accomplish other things is Bill Gates and I have to give him credit for that, especially since so much of his current work is with various charities supporting health and education throughout the world. I wish the other super-rich execs would follow his lead in terms of giving away large portions of their weath.
The Microsoft board of directors is complacent and ineffective. They should have sacked Ballmer a couple of years ago.
Ballmer was a great hatchet man for Gates, but Steve has no vision himself.
The Microsoft board of directors is complacent and ineffective. They should have sacked Ballmer a couple of years ago.
This is what happens when you hire your close friends to run your business with you. Any other corporate board I think would have let Balmer go as far back as the Vista debacle, and maybe even earlier. But Bill was willing to sacrifice hundreds of billions of shareholder value because he didn't want to suffer through awkward backyard barbecues when the Gates and Balmer families got together.
I'm bemused by the posters who criticize Ballmer's performance as if they could do better, but can't calculate some basic arithmetic. That?s $266 million a year in dividends and the $1.37m in salary compared to wealth of $13.9 billion is like $98.56 to a person who had wealth of $100,000. .
Actually, $1,924.
I'm bemused by the posters who criticize Ballmer's performance as if they could do better, but can't calculate some basic arithmetic.
Actually, $1,924.
People who live in Windows shouldn't throw stones (jragosta is correct).
Consider where MS was the day the first iPod came out. Where Apple was. Where each is now.
...how is this guy worth any percentage of his salary, let alone his bonus?
It is interesting to compare Ballmer and Gates with Jobs. Jobs got a buck a year. he turned down any form of compensation when he came back. He could have pushed for a dividend, which would have made him even richer. Yet, he understood having the cash hoard is in Apple's best interest.
I'm bemused by the posters who criticize Ballmer's performance as if they could do better, but can't calculate some basic arithmetic. That?s $266 million a year in dividends and the $1.37m in salary compared to wealth of $13.9 billion is like $98.56 to a person who had wealth of $100,000.
Once they?re super-rich, it?s not about the money. It?s about the power. Most of these execs are workaholics and they define themselves by their title and power. Some of these guys are so protected, they have a hard time dealing with the ordinary things in life once they leave. The only one I think of who gave it up at a relatively young age to accomplish other things is Bill Gates and I have to give him credit for that, especially since so much of his current work is with various charities supporting health and education throughout the world. I wish the other super-rich execs would follow his lead in terms of giving away large portions of their weath.
That GIF really spooked me out!! But then a few seconds later I LOL'd so loud at work. hahaha brilliant!
same here -- creeped out, then laughing out loud -- well done
Right now Microsoft = Wal-Mart, Old Navy, or Radio Shack. Dull, dark, depressing, and trashy
While Apple = Target, Gap. Bright, warm, elegant.
Hope they never fire him.
I agree if they fire him Apple and Google may have something to worry about...
But really, I think they are not fire him due the number of shares he holds in the company, he could tank the stock if they fire him.