Microsoft Corporation's (NDAQ:MSFT) Steve Ballmer is set to receive $1.28 million in total compensation for the most recent fiscal year, which includes an 86 percent increase in his bonus. The Schedule 14A proxy statement indicates that the Microsoft executive will receive a $650,000 bonus compared to $350,000 last year. Meanwhile, his salary stayed almost the same at $620,000 with an additional $10,000 in benefits-related compensation.

Interestingly, chairman Bill Gates no longer appears on Microsoft's proxy statements as he is no longer one of the three highest paid executives at Microsoft. The company noted that his pay is "substantially less" than those reported in the company's proxy.