Microsoft leader Satya Nadella was paid $48.5 cardinal successful compensation for moving nan business successful 2023 – nan lowest magnitude he received successful nan past 3 years owed to smaller banal awards and different incentives.
This comes months aft nan long-serving CEO, who has made an estimated $1 billion successful financial packages since becoming CEO successful 2014, told full-time salaried unit their salary was stiff owed to a slowdown successful gross growth.
Nadella himself walked distant pinch little successful fiscal 2023 compared to nan $54.94 cardinal he sewage past year, and nan $49.85 cardinal nan 12 months earlier that.
The latest salary battalion comprised $2.5 cardinal successful salary, unchanged; $39.23 cardinal successful stock; $6.4 cardinal successful non-equity incentives; and $360k for each different compensation. Nadella fell somewhat short successful his target for financial results but exceeded targets for operational results, meaning he met 85.5 percent of nan goals set.
All of this during a fiscal twelvemonth erstwhile Microsoft grew gross by 11 percent to $211.9 billion, operating income edged up to $88.5 cardinal from $83.38 billion, and nett income was level astatine $72.36 billion. Cloud gross unsocial grew 22 percent to a staggering $111.6 billion, albeit slower than caller years.
More than 95 percent of Nadella's yearly target compensation extremity is performance-based and 70 percent of nan yearly rate inducement is related to gathering pre-established financial metrics.
What is nan CEO salary ratio successful narration to nan remainder of nan workforce these days?
- Oracle's $130M-plus payday still looms connected sky for Larry and Safra
- Miffed Googlers meme connected CEO's $226M salary grant amid cost-cutting campaign
- Average Adobe staffer makes $170k a year, and 185 of them = 1 CEO
- IBM leader Arvind 'kerching' Krishna paid much than $16m successful 2022
- How galore HPE unit does it return to salary for 1 CEO? 271
- People are coming retired of status owed to cost-of-living crisis
"The yearly full compensation for nan median worker of nan Company (other than our CEO) was $193,770 and nan yearly full compensation of our CEO was $48,512,537," Microsoft says successful its proxy connection 20203.
A twelvemonth agone nan mean salary was $190k and nan CEO to grunt ratio was 289 to 1, measurement higher than nan 250 to 1 it presently is.
As for nan different executives successful Nadella C-suite, CFO Amy Hood was paid $19.9 million; apical income agency Judson Althoff received $16.2 million; President Brad Smith sewage $18.1 million; and Christopher Young, who is exec veep for business development, strategy and ventures, pocketed $9.8 million. ®