Microsoft CEO Satya Nadella Received $18 Million in 2016 Pay

Microsoft CEO Satya Nadella Received $18 Million in 2016 Pay

HIGHLIGHTS

  • Nadella received about $5.66 million in salary and bonus
  • He also got $12 million as stock award
  • Satya Nadella took over as Microsoft CEO in 2014

Microsoft Corp. Chief Executive Officer Satya Nadella’s reported compensation fell 3.3 percent to $17.7 million (roughly Rs. 117 crores) in the software maker’s latest fiscal year ended June 30.

Nadella received about $5.66 million (roughly Rs. 38 crores) in salary and bonus and a $12 million (roughly Rs. 80 crores) stock award, according to a preliminary proxy statement filed Monday. About half of the shares will vest in 2018 if Microsoft achieves targets including revenue, operating income and a number of commercial cloud subscribers – and its stock outperforms 60 percent of companies in the Standard & Poor’s 500 Index. The remainder will vest in full by 2019 if he remains on the job.

Microsoft’s board moved to tie part of Nadella’s annual stock grant to targets and cut back its discretion over cash bonuses after more than a quarter of voting shareholders rejected its executive compensation program at the company’s last two annual meetings. In talks with directors, investors voiced concerns about excessive payout limits for bonuses and stock awards, and insufficient disclosure of factors used to evaluate performance, the filing said. Companies in the S&P 500 received on average 91 percent support for their pay programs in 2015, according to data compiled by Bloomberg.

Pete Wootton, a spokesman for the Redmond, Washington-based company, declined to comment beyond the filing. Microsoft shares increased 15 percent in the 12 months ended June 30, compared with a 1 percent increase in the S&P 500.

When he was named CEO, Nadella received a stock award valued at $59 million that will vest in three increments in 2019, 2020 and 2021 if Microsoft’s total returns to shareholders exceed 60 percent of companies in the S&P 500 in the five prior years. The face value of the award was disclosed as part of his 2014 compensation. The company’s total return has increased 70 percent since Nadella took the job in February 2014, compared with a 30 percent increase in the index.

Kevin Turner, who left his job as chief operating officer in July, was the second-highest paid executive officer in fiscal 2016 with $13 million.

© 2016 Bloomberg L.P.

Tags: Satya Nadella, Microsoft, PC, Laptops, Internet

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Microsoft CEO Satya Nadella Meets high Minister Narendra Modi

Microsoft CEO Satya Nadella Meets Prime Minister Narendra Modi

HIGHLIGHTS
Nadella additionally met with Telecom and IT Minister, Ravi Shankar Prasad.
Nadella go to closely follows on Apple CEO Tim cook‘s India visit.
each prepare dinner, Nadella presented assist to various authorities initiatives.
Microsoft chief Satya Nadella on Monday met top Minister Narendra Modi and different ministers to discusstroubles pertaining to the IT region and improving partnership for projects like digital India.

The India-born CEO, who’s on his 1/3 go to to his domestic u . s . since taking on as Microsoft head in February 2014, met Minister of Communications and IT Ravi Shankar Prasad, Minister of country for Finance Jayant Sinha in addition to many industry leaders and builders in New Delhi.

mentioned diverse problems relating the IT sector with @Microsoft CEO @satyanadella @MicrosoftIndia,” PM Modi tweeted after the assembly.

info of the discussions were, but, now not disclosed.

Nadella’s visit comes close on the heels of Apple CEO Tim cook dinner‘s four-day excursion of India. all through his go to, prepare dinner had met PM Modi in addition to enterprise leaders like ICICI MD and CEO Chanda Kochhar, Tata institution Chairman Cyrus Mistry and Bharti Airtel Chairman Sunil Bharti Mittal.

each Nadella and cook dinner have offered support to various government‘s projects like virtual India and Startup India.

in advance within the day, Nadella discussed with Prasad how Microsoft’s contribution to the authorities‘svirtual India initiative may be greater.

“CEO @Microsoft @satyanadella met me these days. discussed enhancing cooperation with Microsofttowards @_DigitalIndia,” the minister stated in a tweet after the meeting.

according to resources, the assembly revolved around open supply policy, engagement of Microsoft for linking Skype and Aadhaar and more suitable cooperation for cloud offerings within the authorities zone.

The Hyderabad-born Nadella also attended a assembly with enterprise executives organised with the aid of industry body CII.

The consultation became attended by way of leaders like Intel V-P sales and advertising and South Asia MD Debjani Ghosh, IL&FS Chairman Ravi Parthasarathy, Wipro President and COO Bhanumurthy BM and NIIT CEO Rahul Patwardhan.

Nadella had visited India, which is amongst considered one of the most important R&D bases for theorganisation, in December final 12 months. He had visited Mumbai and incubation centre T-Hub in Hyderabad.

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Tags: Apps, virtual India, Indian top Minister, IT, Microsoft, Microsoft CEO, Microsoft India, Narendra Modi, pcLaptops, prime Minister, Ravi Shankar Prasad, Satya Nadella, Telecom