The CEO of tech big Microsoft, Satya Nadella, noticed his compensation rise by 63 per cent year-on-year.
It was revealed within the firm’s DEF 14A proxy assertion that its chief exec obtained $79.1 million in whole compensation. Of that, $2.5 million was his wage, whereas one other $71.2 million was from inventory awards. There’s one other $5.2m for ‘non fairness incentive plan compensation’ on prime of $169,791 in different compensation.
The majority of the 63 per cent improve got here from an 81 per cent rise in inventory awards.
All of this comes following a quite insane 12 months for layoffs in each tech and video games. Microsoft has minimize round 2,500 roles by itself. So, er, that is cool.
Nadella wrote within the firm’s annual report that issues are cool really.
“We’re bringing nice video games to extra folks on extra units,” he stated. “With our acquisition of Activision Blizzard King, which closed October 2023, we have added lots of of hundreds of thousands of gamers to our ecosystem. We now have 20 franchises which have generated over $1bn in lifetime income—from Sweet Crush, Diablo, and Halo, to Warcraft, Elder Scrolls, and Gears of Battle.
“And with Xbox cloud gaming, we proceed to innovate to supply gamers extra methods to expertise the video games they love – the place, when, and the way they need. Lastly, we introduced 4 of our fan-favorite titles to Nintendo Change and Sony PlayStation for the primary time, as we proceed to increase our content material to new platforms.”
