Microsoft CEO Satya Nadella has received a staggering pay package worth $79.1 million for fiscal 2024, marking a remarkable 63% increase from the previous year. This boost comes as Microsoft continues to strengthen its foothold in the booming field of artificial intelligence tools.
In a recent regulatory filing, the company revealed that approximately 90% of Nadella’s compensation was paid in Microsoft shares. This is his largest annual award since 2014, when he was compensated $84 million in his first year as CEO.
Interestingly, Nadella’s pay could have been about $5 million higher, but he opted for a cut to take personal accountability for cybersecurity challenges the company has faced. This decision follows increased scrutiny from the US Cyber Safety Review Board over recent security breaches.
Microsoft’s board expressed confidence in Nadella’s leadership, stating that he played a crucial role in the company’s strong performance and in realigning its investment strategies.
Other top executives also saw pay increases: Chief Financial Officer Amy Hood’s package rose to $25.8 million, a 30% jump, while President Brad Smith’s compensation increased by 29% to $23.4 million.
As Microsoft continues to innovate and adapt, all eyes will be on how Nadella and his team steer the company into the future!
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