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JEEZ, BILL, YOU CAN'T LIVE ON THATMICROSOFT CHAIRMAN BILL Gates may be the world's richest person--but he's still not the best-paid guy at his own company. According to the latest proxy, Chief Operating Officer Robert Herbold banked $1.2 million a year in salary and bonus, while Bernard Vergnes, president of Microsoft Europe, pulled down $714,000. Gates, by contrast, pocketed just $591,000 in salary and bonus. The boss, in fact, hasn't been the highest-paid employee there for a while. In 1994, Microsoft paid big money to lure Herbold away from Procter & Gamble--after 25 years there. His fiscal 1997 paycheck included $250,000 of his signing bonus. His full bonus totaled $673,000. And Vergnes, valued for building the European operation, outearned Gates as far back as 1992, when he made 40% more than his boss. But with his Microsoft stock worth $35 billion, Chairman Bill needn't suffer from pay envy. ''Each year, Bill approves all the executive salary increases,'' says Mike Murray, Microsoft's vice-president for human resources. ''The only person he has ever said no to was himself.''
Steve Hamm
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Updated Nov. 13, 1997 by bwwebmaster
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