NEWS
NEWS
NEWS
Microsoft boss sees massive compensation reduction, as do other execs working for Redmond’s finest
Microsoft’s CEO Satya Nadella has seen his earnings fall in 2015, it’s reported, due mostly to stock awards. While Nadella earned a whopping $84.3 million last year, making him one of the world’s wealthiest tech-ballers on paper, the CEO’s compensation has dropped a massive 78 percent to a measly $18.3 million this year. The reason for this though is that when Nadella was hired he received a $59.2 million restricted stock grant which he can receive in 2019.
Microsoft’s yearly statement shows that Nadella earned a base salary of $1.2 million (31 percent increase on last year) and a bonus of $4.3 million (20 percent increase) and $12.8 million in stock. Discussing Nadella’s earnings and other execs at the company, Microsoft said in its yearly statement,
“In fiscal year 2015, operating income and earnings per share declined, while consistent progress was made in building future growth opportunities. Mr. Nadella provided strong, consistent vision and execution on our mobile-first and cloud-first strategy, continued to effectively guide the transformation of the company’s culture and he effectively represented the company with customers, partners, investors and employees.”
Other execs at Microsoft saw a pay decrease, including Chief Financial Officer Amy E. Hood. Hood’s total compensation dropped 16 percent to $8.8 million. She was joined by B. Kevin Turner, Microsoft’s Chief Operating Officer, whose $12.2 million compensation was down 48 percent on his 2014 earnings. Reduced stock awards were the reason again, it’s reported. In her first year working at Redmond Margaret L. Johnson working as executive vice president for business development received $14.5 million as a base salary and another $2.5 million as a bonus.
In a separate statement Microsoft revealed that its mainly male Board of Directors might see more girls joining the gang of eight men and one woman. While Maria Klawe will be leaving the board, Sandra Peterson of Johnson and Johnson, as well as Padmasree Warrior (former Cisco chief technology and strategy officer) will be nominated for a place on December 2nd.
Photo credit: 401(K) 2012 viaa Flickr
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