San Francisco sources stated that Microsoft CEO satya Nadella earned $42.9 million in total compensation for the fiscal year 2019 66 per cent raise from the prior fiscal year, the company has announced. Nadella received a $1 million base salary jump and an increase in stocks.
“Nadella’s 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,” Microsoft’s independent directors said in a proxy statement released on Wednesday. When he took over from Steve Ballmer in 2014, Nadella took home $84.3 million which is the highest earnings in a fiscal year for him so far.
Reportedly “For fiscal year 2019, the annual total compensation for the median employee of the Company (other than our CEO) was $172,512”. “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,” wrote the board of directors.