Home News Microsoft CEO Satya Nadella gets 10% raise to $55 million a year

Microsoft CEO Satya Nadella gets 10% raise to $55 million a year

0

Microsoft CEO Satya Nadella, who took office in 2014, received a sizeable raise this year, with an annual salary of $54.946 million (about 398 million yuan), a 10 percent increase over the previous year, according to a proxy signed by Microsoft shareholders in 2022.

Satya Nadella’s base salary was unchanged at $2.5 million, and stock awards were $42.269 million, up from $33 million the year before. Non-equity incentive plan compensation decreased from $14.2 million to $10.06 million. The last item classified as “All Other Compensation” was $110,250, of which $100,000 was a charitable donation.

About 96% of this nearly $55 million compensation package is performance-based, up from 71% in 2021. It is worth noting that the median salary of Microsoft employees in fiscal 2022 is $190,302 (about 1.38 million yuan). In fiscal 2022, Satya Nadella’s total annual compensation to median employee salary is 289 to 1.

In the year ended June 30, 2022, Microsoft’s revenue rose 18% to $198.3 billion, with revenue from its cloud computing segment rising 32% to $91.2 billion. Operating profit rose 19% to $83.4 billion, while net income also rose 19% to $72.7 billion.

When Satya Nadella took over as CEO, Microsoft had $86.8 billion in revenue, $22.1 billion in net income, and $2.63 in earnings per share, compared to $9.65 at press time.

Exit mobile version