Population Statistic: Read. React. Repeat.
Thursday, December 08, 2021

Don’t you feel all kinds of sorry for Microsoft CEO Steve Ballmer, who didn’t score one of his company’s hot-hot-hot Xbox 360 consoles as an executive perk?

“The Ballmer children do not have their Xbox 360 yet. I’m in the same boat as many of you,” Ballmer said. “Thanks to the wonders of Sarbanes-Oxley, management does not get a free Xbox 360,” he quipped at a meeting of technology industry executives.

Under financial disclosure rules, Microsoft would have to classify a free game console as income for Ballmer.

Riiiiiight. Like a $400 expenditure for a chief executive who’s being compensated seven figures annually represents an onerous bonus. And how much you want to bet that you will, indeed, find a beige gamebox (or two, or three) in Ballmer’s crib?

I think I should start a subcategory here for cataloguing instances of CEOs grousing about the “hardships” that the Sarbanes-Oxley Act is making them endure. It would be a ready source of amusement for the days that I need some.

- Costa Tsiokos, Thu 12/08/2021 09:18:15 PM
Category: Videogames, Business | Permalink |

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  1. Or he could, you know, BUY one…

    Comment by Monkey McGee — 12/09/2021 @ 09:09:40 AM

  2. Steve Ballmer: SarBox Means No XBox

    One of my favorite subjects to post on is how companies, auditors, and people are taking the Sarbanes-Oxley Act of 2002 to extremes, claiming it requires or prohibits things that are nowhere to be found in the law. The latest, for want of a better word, buffoonery comes from none other than Steve Ballmer…

    Comment by The Business Contols Caddy — 12/11/2021 @ 12:11:49 PM

  3. Just curious…where do you find the time to write a ton of crap that no one is ever really going to read?

    :)

    Comment by George — 12/12/2021 @ 06:15:51 PM

  4. Since you’ve just read this yourself, I don’t think that requires an answer… And as hard as it is to believe for some, it really doesn’t take much time.

    Comment by CT — 12/12/2021 @ 06:32:10 PM

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