Microsoft CEO Satya Nadella’s pay soars to $79 million regardless of asking for a smaller bonus

• Microsoft CEO Satya Nadella’s pay rose 63% to $79.1 million for the yr to June 30.

• The tech chief requested a decrease money incentive than deliberate after a number of cybersecurity breaches.

• Microsoft inventory has soared as buyers guess it will be an enormous winner from the AI increase.

Microsoft CEO Satya Nadella‘s compensation surged 63% to $79.1 million for the monetary yr ended June 30 — and would doubtless have been greater with out his intervention.

The software program big’s boss obtained a $2.5 million wage, $71.2 million of inventory awards, a $5.2 million money incentive, and $170,000 in different compensation, per a proxy submitting on Thursday. He was paid a complete of $48.5 million within the earlier monetary yr.

Nadella had been in line for a $10.7 million money incentive, however requested the board for much less following several high-profile cybersecurity breaches within the interval.

“Mr. Nadella agreed that the Firm’s efficiency was extraordinarily robust, however reflecting on his private dedication to safety and his function because the CEO, requested the Board to think about departing from the established efficiency metrics and scale back his money incentive to mirror his private accountability for the main focus and pace required for the modifications that at this time’s cybersecurity menace panorama confirmed had been mandatory,” the submitting reads.

Nadella’s inventory award was price $39 million for the earlier yr. Microsoft inventory soared greater than 30% within the 12 months to June, boosting its market worth to north of $3 trillion in addition to the worth of the CEO’s choices.

The inventory has loved a stellar run as buyers wagered that Microsoft, an investor in ChatGPT maker OpenAI, can be a key beneficiary of the unreal intelligence increase.

Income jumped 16% to $245 billion within the interval, driving working earnings up 24% to $109 billion.

Nadella’s compensation is akin to that of different Massive Tech leaders. Apple CEO Tim Cook was paid $63.2 million for the corporate’s final monetary yr, whereas Nvidia CEO Jensen Huang pocketed $34.2 million.

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