4 weeks ago
Last Updated:October 25, 2024, 12:08 IST
Stock awards for Nadella, who earned $48.5 million in 2023, climbed to about $71 million from $39 million a year earlier
Nadella's cash incentive of $5.2 million was less than the $10.7 million he was eligible for as he asked for a reduction following multiple cybersecurity breaches reported during the fiscal year.
Microsoft CEO Satya Nadella’s fiscal 2024 compensation surged 63% to $79.1 million, according to a filing on Thursday, helped by his stock awards in a year when the tech behemoth’s market value breached $3 trillion.
Stock awards for Nadella, who earned $48.5 million in 2023, climbed to about $71 million from $39 million a year earlier. Microsoft’s shares had gained about 31.2% during the fiscal year ended June 30, 2024.
Backed by its investment in ChatGPT maker OpenAI, Microsoft is widely seen as a frontrunner in the race for market dominance in the rollout of generative artificial intelligence (AI) among other tech heavyweights.
However, Nadella’s cash incentive of $5.2 million was less than the $10.7 million he was eligible for as he asked for a reduction following multiple cybersecurity breaches reported during the fiscal year, according to the filing.
Among other high-profile tech bosses, Apple’s CEO Tim Cook earned $63.2 million in 2023. AI-chip giant Nvidia’s CEO Jensen Huang’s payout was $34.2 million in fiscal 2024.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed - Reuters)Location :Washington D.C., United States of America (USA)
First Published:October 25, 2024, 12:08 IST
News world Microsoft CEO Nadella's 2024 Pay Rose 63% To $79 Million On Stock Awards
