Microsoft's CEO, Satya Nadella, Received a 66% Raise This Past Fiscal Year
You might be lucky enough to enjoy a pay raise every year, but it'll most likely be a small increase.
Microsoft's CEO, Satya Nadella, who has the position since 2014, brought in a whopping raise of $42.9 million this past fiscal year. That's a 66% increase from the year before.
The company reasons that this is part of a regular raise, crediting Nadella for his performance as their chief executive officer.
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Satya Nadella's pay package
The pay raise can be explained by looking at Nadella's base salary, which went up from $1.5 million up to $2.3 million. Furthermore, his overall cash and equity bonuses increased as well.
Microsoft CEO Satya Nadella got a 66% raise in the company's latest fiscal year https://t.co/AKUJQCEpwH— CNN (@CNN) October 17, 2019
However, the large majority of the jump in his salary came from a one-time, performance-based stock option award that Nadella was given when he first started the role in 2014.
Under his five year watch, Microsoft's market cap has shot up to over $500 billion. Adding to this, because its shareholder returns are favorable compared with the S&P 500 Index, Nadella gained the highest award for the five-year timescale, with 900,000 additional shares.
In numbers, Microsoft gave Nadella $29.6 million in stock awards over the fiscal year, $10.8 million in cash — all of this, in addition to his base salary.
The total amassed to $42.9 million.
Nadella is not the only Microsoft employee receiving a hefty raise
Amy Hood, Microsoft's chief financial officer, received nearly $20.3 million as compensation during the latest fiscal year. This is an increase of 35%, making Hood the second-highest-paid employee of the company during that year.
President and chief legal officer, Brad Smith, on the other hand, brought in approximately $17.4 million, a 29% rise from the 2018 fiscal year.
Microsoft CEO Satya Nadella earns nearly $43 million in 2018-19 fiscal; check detailshttps://t.co/RtPU9M2NkW pic.twitter.com/hKwdC2mmPl— Financial Express (@FinancialXpress) October 17, 2019
In broader terms, Nadella's pay raise was 249 times higher than the median Microsoft employee, who averaged around $172,000 in that same period.
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