HT TECH wants to start sending you push notifications. Click allow to subscribe

Indian-origin Microsoft CEO takes 46 crore salary cut, his annual package is…

Nadella took 46,26,85,025 cut in his cash compensation. He was originally slated to get $10.7 million in cash incentive.

By: AYUSHMANN CHAWLA
Updated on: Nov 06 2024, 08:54 IST
Satya Nadella's stock awards saw a significant jump as he asked for reduction in his cash compensation, citing cybersecurity concerns. (AP)

Microsoft CEO Satya Nadella is one of the most renowned tech leaders in the world. Known for his vision and business acumen, Nadella took Microsoft to new heights after taking over the lead of the company. Apart from being the chief executive of one of the biggest companies in the world, Satya Nadella is also among the highest paid tech CEOs. As per a filing with the US Securities and Exchange Commission (SEC), Satya Nadella’s salary surged by 63% in fiscal year 2024, reaching nearly around 665 crore. The IIT graduate’s stock awards saw a significant jump as Nadella asked for reduction in his cash compensation, citing cybersecurity concerns.

Also read: Android Auto will no longer work for these users, here’s what you can do

You may be interested in

Mobiles Tablets Laptops

According to the filing, Nadella took 46,26,85,025 cut in his cash compensation. He was originally slated to get $10.7 million in cash incentive, however he only took $5.2 million for fiscal year 2024.

Also read: Looking for a smartphone? To check mobile finder click here.

Reports indicate that for the fiscal year 2024, Satya Nadella’s total compensation includes $71.2 million (around 600 crore) in stock awards. In addition, he will receive $5.2 million (roughly 44 crore) through a non-equity incentive plan, a base salary of $2.5 million (over 21 crore), and $170,000 (approximately 15 lakh) in other forms of compensation. However, his cash incentive has decreased from $10.7 million to $5.2 million, bringing his total cash-based earnings to about $7.87 million.

Also read: OpenAI introduces ChatGPT search: Know what it is and how it works

Since assuming the role of CEO in 2014, Nadella has overseen a remarkable transformation at Microsoft, driving the company’s revenue to triple, now standing at $245.1 billion, and increasing its net income fourfold to $88.1 billion.

One more thing! We are now on WhatsApp Channels! Follow us there so you never miss any updates from the world of technology. ‎To follow the HT Tech channel on WhatsApp, click here to join now!

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on ,Twitter, Facebook, , and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 05 Nov, 11:19 IST
Tags:

Sale

Mobiles Tablets Laptops
NEXT ARTICLE BEGINS