Microsoft CEO Satya Nadella’s pay soars to $79 million despite asking for a smaller bonus

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CEO Satya Nadella’s pay soars to $79 million despite asking for a smaller bonus

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CEO Satya Nadella’s pay rose 63% to $79.1 million for the year to June 30.

The tech leader requested a lower cash incentive than planned after several cybersecurity breaches.

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stock has soared as investors bet it’ll be a big winner from the AI *****.

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CEO

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‘s compensation surged 63% to $79.1 million for the financial year ended June 30 — and would likely have been higher without his intervention.

The software giant’s boss received a $2.5 million salary, $71.2 million of stock awards, a $5.2 million cash incentive, and $170,000 in other compensation, per a proxy filing on Thursday. He was paid a total of $48.5 million in the previous financial year.

Nadella had been in line for a $10.7 million cash incentive, but asked the board for less following

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high-profile cybersecurity

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in the *******.

“Mr. Nadella agreed that the Company’s performance was extremely strong, but reflecting on his personal commitment to security and his role as the CEO, asked the Board to consider departing from the established performance metrics and reduce his cash incentive to reflect his personal accountability for the focus and speed required for the changes that today’s cybersecurity threat landscape showed were necessary,” the filing reads.

Nadella’s stock award was worth $39 million for the previous year.

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stock soared more than 30% in the 12 months to June, boosting its market value to

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as well as the value of the CEO’s options.

The stock has enjoyed a stellar run as investors wagered that

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, an

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, would be a key beneficiary of the artificial intelligence *****.

Revenue jumped 16% to $245 billion in the *******, driving operating income up 24% to $109 billion.

Nadella’s compensation is comparable to that of other Big Tech leaders.

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was paid $63.2 million for the company’s last financial year, while

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pocketed $34.2 million.

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#CEO #Satya #Nadellas #pay #soars #million #smaller #bonus

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