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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examine Satya Nadella’s electronic mail to Microsoft personnel on LinkedIn Buyout

Read Satya Nadella's Email to Microsoft Employees on LinkedIn Buyout

HIGHLIGHTS
Nadella in a memo to employees distinctive the reasons for the deal.
it is the largest acquisition with the aid of Microsoft considering he have become CEO.
LinkedIn will keep its independence, the businesses introduced.
at the same time as Monday was set to be a large day for tech news, what with the keynote cope with of Apple’s international developers convention (WWDC) because of see some important bulletins, Microsoft has stolen the display even before it started. The Redmond giant on Monday announcedeffortlessly certainly one of the biggest tech acquisitions of the beyond decade, each in phrases ofeconomic and industry importance.

Microsoft on Monday announced it had entered into an agreement to shop for professional networkLinkedIn for $26.2 billion in an all-cash deal. The deal is predicted to be finalised via yearstop.

The joint announcement pronouncing the plans for the purchase discovered that LinkedIn CEO Jeff Weiner will keep his job, however record to Microsoft CEO Satya Nadella, even as the professional socialnetwork will keep its “emblem, subculture, and independence.”

Explaining the circulate in greater detail, Nadella’s inner memo to Microsoft employees was posted with the aid of the agency, and you can examine it in its entirety underneath.

crew,

i’m excited to share that these days Microsoft introduced a deal to collect LinkedIn. you may see how Jeff Weiner, the CEO of LinkedIn, and i envision the opportunity ahead in this public presentation.

This deal brings together the arena‘s leading expert cloud with the arena‘s main professional network.i’ve been mastering about LinkedIn for some time at the same time as additionally reflecting on how networks can really differentiate cloud services. it’s clear to me that the LinkedIn team has grown aextremely good commercial enterprise and an outstanding network of greater than 433 millionspecialists.

Given this is the largest acquisition for Microsoft considering the fact that I have become CEO, I wantedto share with you the way I reflect onconsideration on acquisitions normal. to begin, I take into accountif an asset will enlarge our opportunityespecially, does it increase our general addressablemarketplace? is that this asset riding secular utilization and generation trends? And does this asset align with our core business and ordinary experience of motive?

the answer to all of those questions with LinkedIn is squarely sure. we’re in pursuit of a commonplace tasktargeted on empowering human beings and organizations. along side the brand new boom in our office365 industrial and Dynamics corporations this deal is fundamental to our bold ambition to reinventproductivity and enterprise methods. reflect onconsideration on it: How human beings find jobs, buildcompetencies, promote, market and get work done and in the long run find fulfillment requires a linkedexpert international. It requires a colourful community that brings together a professional‘s informationin LinkedIn’s public community with the information in office 365 and Dynamics. This mixture will make itpossible for brand new reviews inclusive of a LinkedIn newsfeed that serves up articles based totally at the challenge you’re operating on and office suggesting an professional to connect with throughLinkedIn to help with a assignment you’re attempting to finish. As those reviews get extra intelligentand delightful, the LinkedIn and workplace 365 engagement will grow. And in flip, new possibilities can be created for monetization via individual and corporation subscriptions and focused advertising.

Jeff and that i each consider we have a substantial opportunity to boost up LinkedIn’s boom and thefee it brings to its contributors with Microsoft’s assets and scale. In reality, when Reid Hoffman, thefounding father of LinkedIn, and that i spoke about the possibility for us to come collectively, he known as it a “re-founding” moment for LinkedIn and an possibility to attain the mission the organization set out on 13 years in the past.

The opportunity for workplace 365 and Dynamics is just as profound. during the last decade we’ve gotmoved workplace from a hard and fast of productivity tools to a cloud carrier throughout any platform and device. This deal is the next step forward for office 365 and Dynamics as they hook up with the arena‘s biggest and maximum treasured professional community. In essence, we will reinvent methodsto make specialists extra productive whilst at the same time reinventing selling, advertising and marketing and talent management business procedures. I cannot wait to look what our teams dream upwhile we can begin working collectively once the deal closes, which we anticipate will appear this calendar yr.

A big a part of this deal is accelerating LinkedIn’s growth. To that end, LinkedIn will keep its wonderful logoand independence, in addition to their culture which could be very tons aligned with ours. Jeff will stayCEO of LinkedIn, he will report to me and be part of our senior management group. In essence, what i’verequested Jeff to do is control LinkedIn with key performance metrics that accrue to our usual success. he will decide from there what makes feel to integrate and what does now not. We realize that near termthere might be no adjustments in who reviews to whom so no reporting relationships at Microsoft willchange in that regard. This method is designed to hold the LinkedIn crew targeted on driving results at the same time as concurrently partnering on product integration plans with the office 365 and Dynamicsgroups. at some point of the integration, we’ll choose key initiatives in which we can go deep togetherto be able to in the end result in new stories for customers. Kurt DelBene will lead the general integration efforts at Microsoft in close partnership with Qi Lu and Scott Guthrie.

i’m at the LinkedIn campus today in California and could host a name for investors at 8:45 a.m. PT with Jeff, Brad and Amy – please be a part of if you may. Following that, i’ll then spend the day assembly with the LinkedIn group. the following day, i will host a unique Microsoft worker Q&A – i’m hoping you couldmake it.

so far, what i have learned approximately the LinkedIn team is how a lot our cultures share a few of theequal attributes. We both care deeply about person and collective growth, and discover deep that meansinside the work we do to make a distinction in our international. collectively we’ll do just that.

whilst i’m in northern California sharing our vision to empower professionals, the Xbox team is in southern California at E3 sharing our imaginative and prescient to empower gamers. I encourage you to test out the E3 press briefing, which starts at 9:30 a.m. Pacific Time.

subsequently, if you‘re not on LinkedIn, be part of up now and start using and studying greater.

Satya.
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Tags: Acquisitions, Buyout, internet, LinkedIn, Microsoft, expert community, Satya Nadella, Social

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