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October 21, 2014

Microsoft CEO’s Salary Hits $84.3M With Stock Awards

CEO Satya Nadella takes questions from the audience at Build in San Francisco, where he spoke about developing for Windows, Microsoft’s product strategy and the company’s future.

Becoming CEO of Microsoft was a very lucrative promotion for Satya Nadella.

The longtime Microsoft employee pulled in a whopping $84.3 million this year, according to a document filed with the U.S. Securities and Exchange Commission.

Nadella cannot actually get his hands on most of the money for more than four years, however — $79.8 million is made up of one-time stock awards that do not mature until 2019.

Nadella, who replaced Steve Ballmer as CEO in February, received the large stock reward in a bid both to keep him at Microsoft during the firm’s hunt for a new CEO as well as to “give him long-term incentives as CEO,” according to Reuters.

Nadella’s pay package, not counting one-time stock awards, comes to $11.6 million this year, which includes $918,000 in salary, a $3.6-million cash bonus and an annual stock award valued at slightly more than $7 million.

Ironically, the news of Nadella’s compensation package comes not long after he made a major gaffe during the Grace Hopper Celebration of Women in Computing in Phoenix earlier this month.

He told a room full of professional women they should have “faith that the system will give you the right raises as you go along.” He said women who don’t ask for a raise will have “good karma” and will be rewarded when the time is right.

Nadella responded almost immediately with apologies on Twitter as well as a brief e-mail to employees. He later fired off a lengthy memo to employees to againapologize for his remarks.

(Via Reuters)


Jennifer Cowan is the Managing Editor for SiteProNews.