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Reading: Microsoft CEO Satya Nadella’s 2024 Compensation Soars By 63%
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Microsoft $4 trillion market value
PhotoNews Pakistan > Business > Microsoft CEO Satya Nadella’s 2024 Compensation Soars By 63%
Business

Microsoft CEO Satya Nadella’s 2024 Compensation Soars By 63%

Web Desk
By Web Desk Published October 25, 2024 1 Min Read
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Microsoft CEO Satya Nadella. Phoo Credit: Mircrisoft
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Microsoft CEO Satya Nadella’s fiscal 2024 compensation increased by 63% to $79.1 million, propelled by substantial stock awards.

According to a recent filing, his earnings rose in a year when Microsoft’s market value exceeded $3 trillion.

Nadella, who received $48.5 million in 2023, saw his stock awards nearly double to about $71 million from $39 million the previous year.

NEW: It seemed like Microsoft CEO Satya Nadella made a lot of money in 2023, when his compensation reached $48.5 million.

But he did better this year!

Nadella made $79.1 million in cash and (mostly) stock in MS' fiscal 2024, according to the annual proxy Microsoft just filed pic.twitter.com/2BpA176uNW

— Stephen Totilo (@stephentotilo) October 24, 2024

Microsoft shares appreciated by 31.2% during the fiscal year ending June 30, 2024. The company’s investment in OpenAI, the creator of ChatGPT, positions Microsoft as a leader in the burgeoning field of generative AI.

Read: “Call of Duty: Black Ops 6” Launches Tomorrow: Microsoft’s Big Play for Gaming Dominance

Despite these successes, Nadella’s cash incentive was $5.2 million, below the potential $10.7 million, following his request for a reduction due to several cybersecurity incidents reported over the year.

💼💸 Microsoft CEO Nadella's 2024 pay jumps 63% to $79 million on stock awards

Tickers of interest: $MSFT

Full Story → https://t.co/a39jhkdINf pic.twitter.com/pr1npTFXuE

— PiQ (@PiQSuite) October 24, 2024

Apple CEO Tim Cook received $63.2 million in 2023, while Nvidia’s CEO Jensen Huang earned $34.2 million in fiscal 2024.

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