Microsoft CEO Steve Ballmer pay trimmed by 4%

Microsoft Corp. CEO Steve Ballmer's pay package fell 4 percent after his bonus was trimmed, partly due to slower-than-planned progress in the software company's online business and a drop in revenue at its Windows division.

Ballmer's pay dropped to $1.3 million from $1.4 million in Microsoft's latest fiscal year through June, according to an Associated Press review of a securities filing made Tuesday.

Ballmer, 56, got a performance-related bonus of $620,000, down from $682,500. His salary was little changed at $685,000.

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All other compensation, which included company contributions to a 401(k) retirement plan, rose 10 percent to $13,128.

Read more at: The Financial Express

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MICROSOFT: Steven Sinofsky Is The Heir Apparent

News is that Steve Ballmer had just promoted Sinofsky to President — a title that Ballmer himself held for three years before becoming CEO. 

Unless Windows 8 is a failure, Steven Sinofsky will be the next CEO of the company.

Microsoft's first consumer preview of Windows 8, something Steven Sinofsky has worked hard to produce, will give everybody a chance to see how it looks and works. Based on early demonstrations so far, it will be exactly what was promised — a completely different and much more approachable version of Windows. And it will come out exactly on time, later this year. 

Read more: Business Insider

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Japan Should Adopt Currency Benchmark says Nissan CEO

[ The Wall Street Journal ] 

Chief Executive Nissan Motor Co. Carlos Ghosn called Wednesday for the Japanese government to "draw a line in the sand" and prevent the yen from appreciating further against the dollar and other currencies.

Mr Ghosn told a round table of reporters:

"People say there is no solution (to the yen's strength)...that is wrong. Look at what the Swiss have done."

Read full post for more what Ghosn said. 

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