Satya Nadella Awarded Huge Package | Fusion - WeRIndia

Satya Nadella Awarded Huge Package

Satya Nadella Awarded Huge Package

Satya Nadella, the chief executive of Microsoft has become one of the biggest earners in the tech industry. He had a pay package which is worth $84.3 million this year according to a document filed with securities regulators. The number is a general estimation of value of one-off stock awards given to Nadella who became the third chief executive of the company in February. Mr. Nadella was also given stock awards worth approximately $79.8 million, but most of the payments will be made over several years.

Microsoft has stated that the actual compensation of Mr. Nadella’s is worth $11.6 million after excluding the long-term stock awards and a $13.5 million one-time retention award he received before his promotion to CEO. The pay package of Satya Nadella consists of a long term performance based stock award valued at $59.2 million. However, he will not receive that until the year 2019 and it will depend on the performance of Microsoft’s stock relative to other companies in the Standard & Poor’s 500 index.

Image Credit:- Richard Morgenstein / CC BY-SA

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