Rediff.com  » Business » Microsoft CEO Satya Nadella earned $42.9 million in FY19

Microsoft CEO Satya Nadella earned $42.9 million in FY19

Source: PTI
October 17, 2019 16:33 IST
Get Rediff News in your Inbox:

In comparison to Nadella, Apple CEO Tim Cook got a pay of $ 15.7 million in 2018 with $ 3 million in salary.

Google CEO Sundar Pichai received $ 1.9 million in overall compensation.

With Microsoft posting strong results, the company's CEO Satya Nadella has got a 66 per cent raise in the 2018-19 fiscal, taking his total yearly earnings to a whopping $ 42.9 million, according to media reports on Thursday.

While Nadella, 52, has a base salary of a little over $ 2.3 million, most of his pay came from stock awards, reported CNN Business.

 

He received $ 29.6 million in stock award, $ 10,7 million in non-equity incentive plan compensation and around $ 111,000 in other compensation.

In a proxy statement, Microsoft's independent directors said, "The past fiscal year offered another record year for financial performance, and Microsoft delivered strong results for our shareholders, including a return of $ 30.9 billion in the form of share repurchases and dividends."

The directors credited Nadella for his "strategic leadership, including his efforts to strengthen trust with customers, drive for a company-wide culture change, and successful entry and expansion into new technologies and markets."

In the 2017-18 fiscal, the Hyderabad-born business executive had got a pay of $ 25.8 million.

Nadella became the CEO of Microsoft in 2014.

Under his leadership, the company has become a major force in cloud computing.

In September, Microsoft hit an all-time high after the company raised its dividend and authorised a plan to buy back as much as $ 40 billion of its own stock, the CNN Business report said.

In comparison to Nadella, Apple CEO Tim Cook got a pay of $ 15.7 million in 2018 with $ 3 million in salary.

Google CEO Sundar Pichai received $ 1.9 million in overall compensation.

Bloomberg previously reported that Pichai turned down a stock award.

Photograph: Saumya Khandelwal/Reuters

Get Rediff News in your Inbox:
Source: PTI© Copyright 2020 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
SHARE THIS STORY 

Moneywiz Live!