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While various technology heavyweights have been forced to trim their workforces due to the pressures of the global economic downturn, it would appear there’s a recession-proof bubble protecting the upper echelons of Microsoft Corporation.
Because some people just can\'t have enough. Image: AMagill/Flickr.
More pointedly, although American software giant Microsoft Corp. has itself implemented job cuts in light of a 17 percent profit decline, company chief executive Steve Ballmer has received a four percent salary increase for the fiscal year 2009.
News of Ballmer’s pay boost, which sees his yearly haul jump from $640,833 USD to $665,883 USD, was unearthed late last week by a preliminary filing with the Securities and Exchange Commission.
Not just benefiting in terms of an upgraded salary of $25,000 USD, it is also likely Ballmer will be taking a sizeable yearly bonus. Although the filing does not reveal that extra amount, the Microsoft CEO took $700,000 USD as his corporate backslap in 2008.
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