Mo Money Mo Money Mo MOney again
Gates, Ballmer earned $1 million each in FY05
Billionaire Microsoft executives got 11 percent raises, filing shows
Updated: 1:14 p.m. ET Sept. 29, 2005
REDMOND, Wash. - Bill Gates and Steve Ballmer each earned $1 million last year, an 11 percent raise over the previous fiscal year, Microsoft Corp. reported in a regulatory filing Wednesday.
Gates, the software company’s chairman, and Ballmer, its chief executive, each earned a salary of $600,000 and a bonus of $400,000 for the company’s 2005 fiscal year ended June 30.
Ballmer also received $6,300 in matching 401(k) contributions and $2,773 in other benefits. Gates received $2,469 in other benefits, the company said.