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November 27, 2020
KhabriBaba
Business

Satya Nadella receives a 66% raise citing strategic leadership

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  • Nadella’s compensation was Rs 184 crore in the 2018 fiscal year.
  • Nadella enjoys achieving business targets, increasing company valuation
  • Microsoft calls Nadella’s strategic leadership important

The salary of Microsoft CEO Satya Nadella increased by 66% in a year. Satya Nadella received a total compensation of $4.29 million (Rs 306.43 crore) in the financial year ended June 30. It is mostly in the form of a stock award. It received $258 million (Rs 184.28 crore) in the last financial year. The company gave this information in its annual report on Wednesday. Microsoft’s fiscal year is from 1 July to 30 June.

Nadella received $8.43 million compensation in 2014

The board increased Nadella’s compensation because of business targets and the company’s share price rising. However, this is almost half compared to the 2014 compensation. That year, Nadella received $8.43 million.

Microsoft’s independent directors, reviewing stock compensation, cited Nadella’s strategic leadership — strengthening trust with customers, changing company practices, new technology and successful entry and expansion into new markets.

Microsoft said that under the leadership of Nadella, the company’s market cap increased by $509 billion in the last 5 years. The total shareholder returns of the company increased by 97% during this period. Nadella’s income also increased with this.

Microsoft became the world’s highest-valued company, surpassing Apple last year. Microsoft’s current market cap is $1072 billion and Apple’s is $1059 billion.

 

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