Satya Nadella Took Home $42.9 Million Last Year; Gets 66% Raise - amundsonswayse

Satya Nadella Microsoft Inspire Featured

Microsoft Chief operating officer Satya Nadella earned $42.9 million in total compensation for the financial year 2020 — 66 per cent raise from the prior fiscal year, the society has announced.

Nadella received a $1 million al-Qaeda salary jump and an increase in stocks.

"Nadella's strategic leadership, including his efforts to strengthen faith with customers, ram down for a company-wide culture deepen, and eminent entry and expansion into current technologies and markets," Microsoft's independent directors said in a proxy instruction released on Wed.

When he took finished from Steve Ballmer in 2020, Nadella took home $84.3 million which is the highest earnings in a financial year for him so far.

"For fiscal twelvemonth 2020, the annual total compensation for the median employee of the Society (other than our CEO) was $172,512," the company same.

"The onetime business enterprise year offered other record class for financial performance, and Microsoft delivered strong results for our shareholders, including a return of $30.9 1E+12 in the fles of share repurchases and dividends," wrote the board of directors.

During the first quintet-year performance period, Microsoft's market capitalisation exaggerated $509 billion (from $302 billion to $811 billion). "Microsoft's relative TSR was in the 97th percentile, resulting in Nadella earning and vesting in the maximum 900,000 shares," the company aforementioned in the filing.

Microsoft's board of directors go month authorized another $40 billion in parcel repurchases and raised its quarterly dividend aside 5 cents Oregon 11 per cent to 51 cents a share. The company bought back $19.54 one million million in shares last yr. In the previous business year, the buybacks was meriting $10.72 billion – completely under Nadella's incumbency.

"The new share repurchase programme, which has no expiration date, Crataegus oxycantha be finished at any clip. The dividend is payable on December 12 to shareholders of record on November 21, 2020. The passe-dividend escort will be November 20, 2020," the company said in a statement.

The company bequeath hold its annual shareholders coming together on Dec 4. This yr's time period shareholders meeting will glucinium held virtually and hosted by Nadella, Amy Hood, chief commercial enterprise ship's officer, Brad Smith, President and chief legal officer and John W. Thompson, Microsoft independent board chair.

Driven by growth in its Cloud and Surface laptop computer segments, Microsoft posted revenue of $33.7 billion and net income of $13.2 one million million for its fourth quarter that ended on June 30.

For its entire fiscal year 2020, Microsoft reported tax revenue of $125.8 billion which increased 14 per penny and $39.2 billion lucre — setting a hot record business enterprise class for the company.

Microsoft that continues to be valued as a $1 trillion company returned $7.7 billion to shareholders in the form of share repurchases and dividends in the fourth quarter of fiscal year 2020.