Microsoft CEO Satya Nadella is one of the world’s most famous technology leaders. Known for his vision and business acumen, Nadella took Microsoft to new heights after taking the helm of the company. In addition to being the CEO of one of the world’s largest companies, Satya Nadella is also one of the highest-paid tech CEOs. According to filings with the US Securities and Exchange Commission (SEC), Satya Nadella’s salary increased 63% in fiscal 2024, reaching nearly $665 billion VND. The IIT graduate’s stock awards saw a significant jump as Nadella asked for a reduction in his cash compensation, citing cybersecurity concerns.
Also read: Android Auto will no longer work for these users, here’s what you can do
According to records, Nadella took $46,26,85,025 cut his cash compensation. He was initially expected to receive a $10.7 million bonus, however he only received $5.2 million for fiscal year 2024.
Reports indicate that in fiscal year 2024, Satya Nadella’s total remuneration includes $71.2 million (approx. $600 crore) bonus in shares. In addition, he will receive 5.2 million USD (approx $44 crore) through non-equity incentive plan, base salary of USD 2.5 million (over $21 crore) and USD 170,000 (approx $15 lakh) under other forms of compensation. However, his cash incentives were reduced from $10.7 million to $5.2 million, bringing his total cash earnings to about $7.87 million.
Also read: OpenAI introduces ChatGPT search: Know what it is and how it works
Since taking on the CEO role in 2014, Nadella has overseen a remarkable transformation at Microsoft, tripling the company’s revenue, now at $245.1 billion. and quadrupled net income to $88.1 billion.
One more thing! We are now on WhatsApp Channel! Follow us there so you never miss any updates from the world of technology. To follow HT Tech channel on WhatsApp, click This to join now!
