Microsoft cuts Exec’s bonus, blame on iPad


Apple’s rival companies are starting to feel the heat from their failure to match Apple in sales and innovation. One is feeling a big hit to his wallet.

At this moment it would be difficult for Microsoft Chief Executive Steve Ballmer may of buying another yacht this year, because his annual bonus has been cut in half because the company’s share of the mobile phone market has dropped, largely due to poor sales of the Kin. Another factor is Microsoft’s failure to compete with Apple’s iPad.

However, Steve Jobs will be getting a bonus of $670,000 in addition to his base salary of $670,000, but this news does point out how competing tech firms are now suffering for their delay in embracing the tablet format.

[Via]

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