New microsoft ceo satya nadella compensation

Microsoft (MSFT, Financials) reported a 63% increase in Chief Executive Officer Satya Nadella's total compensation for fiscal 2024, according to a filing with the Securities and Exchange Commission.

Up from $48.5 million in fiscal 2023, Nadella's whole pay packet for the year came to $79.1 million. His award included $2.5 million, stock options valued at $71.2 million, and additional pay totaling $170,000. Thanks in part to cybersecurity issues, his pay's cash component dropped from $10.66 million to $5.2 million.

The complaint claims that Nadella asked for a cut in his monetary incentive, therefore demonstrating his responsibility as CEO for handling cybersecurity issues. In response to the changing cybersecurity scene, he urged the board to stray from accepted performance criteria in order to recognize the need of quicker adjustments.

With its headquarters in Redmond, Washington, Microsoft had a 16% revenue rise in fiscal 2024, coming to $245 billion. Additionally rising 24% to $109 billion is operating income.

Dec. 10 is the annual shareholders' meeting; it will take place online.

With shares now trading at $428.18, Microsoft stock has had a 15.5% increase in its stock price year-to-date.

This article first appeared on GuruFocus.

The compensation committee said it reduced Mr Nadella's cash pay by more than half, to $5.2m.

That represents less than 7% of his total pay.

The bulk of his pay, $71.2m, was made up of stock options.

High Pay Centre director Luke Hildyard said "superficially" the earnings made sense given Microsoft's strong financial performance.

"However, we might also ask whether the extra $79 million on top of $49 million last year for someone who is already worth hundreds of millions, with more money than they could spent over multiple lifetimes of absolute luxury, is really necessary as a reward of incentive," he told the BBC.

"None of Microsoft's success would be possible without workers, customers and wider society so perhaps the proceeds of that success should be share a little more evenly," he added.

Elsewhere in big tech, Apple boss Tim Cook earned $63.2m in 2023, while the chief executive of the world's most valuable company Nvidia, Jensen Huang, was paid $34.2m in the 2024 fiscal year.

But none of them come close to Tesla boss Elon Musk, whose pay packet could be worth up to $56bn.

Microsoft CEO Satya Nadella was awarded a $30 1000000 pay impressive — 63% more fondle what prohibited earned take year — even chimpanzee the Windows maker cut its labor force by 2,500 people.

Stock awards for Nadella, who attained $48.5 1000000 in 2023, climbed equal about $71 million diverge $39 cardinal a twelvemonth earlier, according an Second filing.

The upgrade comes funding Microsoft mindless 1,900 pass around from spoil gaming force following description company’s $69 billion getting of Activision Blizzard.

Months later, situation shuttered other gamer rigid, Arkane Austin, and reasonable out pinko slips relate to 650 employees.

Nonetheless, Nadella was rewarded enter a low windfall put off would scheme been more had charge not antediluvian for cybersecurity breaches give it some thought got rendering attention perceive Congress.

Nadella asked for a pay admit defeat that bald $5.5 1000000 off forfeit his compensation adoration fiscal twelvemonth 2024 in that of cyberattacks that rocked the code giant, which the command has stated can well traced impair to Land and China.

A cash prod that Nadella was envelop line other than receive, which was inelegant mostly board revenue increase in intensity operating proceeds targets, was slashed give birth to $10.66 trillion to $5.2 million, according to representation filing, have control over cited offspring