New York, October 21, 2014 (PTI) Microsoft CEO Satya Nadella earned USD 84.3 million this year, according to the salary details coming days after the India-born chief executive was criticised for suggesting that women should not ask for pay raises but trust their "good karma" to get their dues. In a filing with the US Securities and Exchange Commission yesterday, Microsoft  said Nadella will get a total compensation of USD 84.30 million for the fiscal year ended June 2014, significantly up from the USD 7.66 million he received in 2013.

The 2014 compensation includes salary of USD 918,917, a bonus of USD 3.6 million and USD 79.77 million in stock awards, which were designed to

keep Nadella at Microsoft while the company hunted for a new CEO and to give him long-term incentives as CEO. Microsoft said Nadella is slated to receive stock worth an estimated USD 59.2 million under the long-term performance- based stock award in connection with his promotion to CEO. However Nadella will not be eligible to receive any part of stock award compensation until 2019. Microsoft said that its CEO role is demanding, requiring mastery of complex, rapidly evolving business models and the ability to lead a highly technical organization. "With the appointment of Satya Nadella, we believe we fulfilled our goal, selecting the best candidate to bring the Company renewed and continued success," it said.
No Comments For This Post, Be first to write a Comment.
Leave a Comment
Enter the code shown:

Can't read the image? click here to refresh
etemaad live tv watch now

Todays Epaper

English Weekly

neerus indian ethnic wear
Latest Urdu News

Which Men's cricket team will win the T20 World Cup 2024?

New Zealand