Microsoft CEO’s Pay Soars Despite Requesting a Cut

Redmond, USASat Oct 26 2024
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This: Microsoft's boss, Satya Nadella, actually asked for a pay cut. But did it happen? Nope! His total compensation jumped by 63% to a whopping $79 million in fiscal 2024. Why the big increase? Well, his salary did drop by 50%, but other parts of his pay, like stock awards, skyrocketed. This happened even after some major security failures on his watch. Nadella made security a top priority after these incidents, linking employee bonuses and promotions to how well they do in this area.
The board agreed to his pay cut request but still boosted his total compensation. Guess what? This wasn't even his highest payday at Microsoft. Back in 2014, he got $84 million. Other top execs, like Brad Smith and Amy Hood, also saw their pay go up. Microsoft’s value has grown massively under Nadella’s leadership.
https://localnews.ai/article/microsoft-ceos-pay-soars-despite-requesting-a-cut-b07b5937

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