Microsoft CEO Satya Nadella earns $42.9 mn in 2018-19 fiscal; directors hail him for strategic leadership

Nadella became the CEO of Microsoft in 2014. Under his leadership, the company has become a major force in cloud computing.

Press Trust of India October 18, 2019 14:12:06 IST
Microsoft CEO Satya Nadella earns $42.9 mn in 2018-19 fiscal; directors hail him for strategic leadership
  • He received $29.6 million in stock award, $10,7 million in non-equity incentive plan compensation and around $111,000 in other compensation

  • In 2017-18 fiscal, the Hyderabad-born business executive had got a pay of $25.8 million

  • In comparison to Nadella, Apple CEO Tim Cook got a pay of $15.7 million in 2018 with $3 million in salary

Washington: With Microsoft posting strong results, the company's CEO Satya Nadella has got a 66 percent raise in the 2018-19 fiscal, taking his total yearly earnings to a whopping $42.9 million, according to media reports on Thursday.

While Nadella, 52, has a base salary of a little over $2.3 million, most of his pay came from stock awards, reported CNN Business.

Microsoft CEO Satya Nadella earns 429 mn in 201819 fiscal directors hail him for strategic leadership

Microsoft CEO Satya Nadella. Reuters.

He received $29.6 million in stock award, $10,7 million in non-equity incentive plan compensation and around $111,000 in other compensation.

In a proxy statement, Microsoft's independent directors said, "The past fiscal year offered another record year for financial performance, and Microsoft delivered strong results for our shareholders, including a return of $30.9 billion in the form of share repurchases and dividends."

The directors credited Nadella for his "strategic leadership, including his efforts to strengthen trust with customers, drive for a company-wide culture change, and successful entry and expansion into new technologies and markets."

In 2017-18 fiscal, the Hyderabad-born business executive had got a pay of $25.8 million.

Nadella became the CEO of Microsoft in 2014. Under his leadership, the company has become a major force in cloud computing.

In September, Microsoft hit an all-time high after the company raised its dividend and authorised a plan to buy back as much as $40 billion of its own stock, the report said.

In comparison to Nadella, Apple CEO Tim Cook got a pay of $15.7 million in 2018 with $3 million in salary. Google CEO Sundar Pichai received $1.9 million in overall compensation. Bloomberg previously reported that Pichai turned down a stock award.

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