Microsoft CEO Satya Nadella receives 63% pay increase for 2024

As Microsoft's market value soars past $3 trillion, Nadella's stock awards significantly boost his earnings, despite a dip in cash incentives linked to cybersecurity concerns.

By  Storyboard18Oct 25, 2024 3:23 PM
Microsoft CEO Satya Nadella receives 63% pay increase for 2024
Satya Nadella's impressive stock awards highlight Microsoft's robust position in the burgeoning generative artificial intelligence sector, notably bolstered by its investment in OpenAI. (Image source: Stanford Graduate School of Business)

Microsoft announced that CEO Satya Nadella's compensation for fiscal 2024 rose by a staggering 63%, reaching $79.1 million, according to reports.

This increase is primarily attributed to a substantial rise in stock awards, which surged to approximately $71 million, up from $39 million the previous year. This financial boost aligns with a remarkable period for Microsoft, as the tech giant's market value exceeded $3 trillion and its shares experienced a notable 31.2% increase during the fiscal year ending June 30, 2024.

Nadella's impressive stock awards highlight Microsoft's robust position in the burgeoning generative artificial intelligence sector, notably bolstered by its investment in OpenAI.

However, the CEO's cash incentive took a hit, falling to $5.2 million from an eligible $10.7 million. This reduction was a voluntary decision by Nadella in light of several reported cybersecurity breaches within the company during the fiscal year.

In comparison, other tech industry leaders also saw significant compensation packages. Apple's CEO Tim Cook earned $63.2 million in 2023, while Nvidia's CEO Jensen Huang received a payout of $34.2 million for fiscal 2024.

First Published on Oct 25, 2024 3:23 PM

More from Storyboard18

Brand Makers

IPG Mediabrands clocks ₹16.7K cr in India billings for 2024: COMvergence Report

IPG Mediabrands clocks ₹16.7K cr in India billings for 2024: COMvergence Report

Brand Makers

Charlie Cowdrey named CEO of JioBLAST

Charlie Cowdrey named CEO of JioBLAST

Brand Makers

'Welcome to India': Anand Mahindra resurfaces old tweet to Elon Musk after Tesla's India debut

'Welcome to India': Anand Mahindra resurfaces old tweet to Elon Musk after Tesla's India debut

Brand Makers

Indian auto giants rev up for battle as Tesla enters domestic market

Indian auto giants rev up for battle as Tesla enters domestic market

Brand Makers

SC summons Samay Raina, four other comedians over alleged jokes targeting disabled community

SC summons Samay Raina, four other comedians over alleged jokes targeting disabled community

Brand Makers

HUL's Priya Nair: Why it took HUL so long to appoint a woman CEO

HUL's Priya Nair: Why it took HUL so long to appoint a woman CEO

Brand Makers

Bharat Petroleum names Subhankar Sen as Director (Marketing)

Bharat Petroleum names Subhankar Sen as Director (Marketing)

Brand Makers

Havas Media Network appoints Rohit Shaw for Arena Media

Havas Media Network appoints Rohit Shaw for Arena Media