microsoft executive director Nadella Satya saw a 63% increase in his salary for the 2024 financial year. As the company revealed in a filing with the US Securities and Exchange Commission (SEC), Nadella’s total compensation for the financial year ending on June 30 amounted to approximately 79.1 million dollars (about 665 million rupees). This increase was primarily driven by stock awards. The filing revealed that its stock awards increased to $71 million from $39 million a year earlier.

Satya Nadella requested a reduction in cash compensation

According to the SEC filing, Nadella’s cash incentive for fiscal 2024 was $5.2 million. It was originally intended to receive $10.7 million. The software giant’s boss received $2.5 million in base salary and $170,000 in other compensation.
The filing revealed that Nadella requested a pay cut this year due to multiple cybersecurity violations, including the Microsoft outage in July of this year that affected Windows users around the world. The US Department of Homeland Security in April released a report after an independent review of China’s breach of the email accounts of US government officials. Microsoft disclosed the incident in July 2023. In January, the tech giant confirmed that Russian intelligence had accessed the email accounts of some of its senior executives.
“Mr. Nadella agreed that the Company’s performance was extremely strong, but reflecting on his personal commitment to safety and his role as CEO, he asked the Board to consider deviating from established performance metrics and reducing his incentive in cash to reflect his personal responsibility for the approach and “The speed required for the changes that the current cybersecurity threat landscape demonstrated were necessary,” the document said.

Satya Nadella Earnings Breakdown

What the presentation said

It said: “Since the board of directors appointed Mr. Nadella as the third CEO in its history in 2014, Microsoft has nearly tripled its revenue to $245.1 billion (approximately Rs. 2,060 crore), nearly quadrupled net income to 88.1 billion dollars (approximately Rs 740 crore). ), and quadrupled diluted earnings per share to $11.80 (approximately Rs 99 crore). In addition to another year of consistently strong financial performance, Nadella and his leadership team have positioned Microsoft to continue driving performance for years to come.”