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Microsoft CEO Satya Nadella's Pay Jumps 63% to $79.1 Million, Up from $48.5 Million Last Year, Amid Over 2,500 Layoffs

Oct 25, 2024, 04:14 AM

Microsoft CEO Satya Nadella's total compensation for fiscal year 2024 has reached $79.1 million, marking a significant 63% increase from his previous year's pay of $48.5 million. This increase is largely attributed to stock awards, which accounted for approximately $71 million of his total compensation. Despite requesting a reduction in his cash incentive, which was originally set at $5.2 million, Nadella's overall pay package surged due to the company's strong performance on Wall Street. The rise in his compensation comes amid a challenging year for Microsoft, which saw layoffs affecting over 2,500 employees within its gaming division. The annual proxy filing reveals that Nadella's pay has been a topic of discussion, especially in light of the company's ongoing efforts to address diversity and inclusion within its workforce, as well as recent cybersecurity challenges.