Feb 07, 2024 12:15 PM IST
Satya Nadella is only the third Microsoft CEO, following Steve Ballmer, who lasted for 14 years, and Bill Gates, who co-founded the company in 1975
Satya Nadella recently completed ten years as the chief executive officer of technology giant Microsoft. The Indian-born tech boss had succeeded Steve Ballmer as the chief executive of Microsoft in 2014.
In the past one year, the company's stock has surged by more than 1,000 per cent since Nadella took over. Microsoft now has a market value of $3 trillion, more than any US public company including Apple.
Microsoft has created $2.8 trillion in shareholder wealth in the past decade, meaning an investor who bought a $10,000 stake in Microsoft at the time Nadella took over and did nothing with those shares, would have a stake worth about $113,000 now, AP reported.
But do you know how much does Satya Nadella earn every year as Microsoft CEO?
Hindustan Times - your fastest source for breaking news! Read now.
Satya Nadella annual salary
According to a proxy statement filing before the Securities Exchange Commission in 2023, Microsoft had said that Nadella received a total annual compensation of $48,512,537, less than the 2022 salary of around $55 million.
The 2023 compensation package includes $2.5 million salary, stock awards worth $39,236,137, non-equity incentive plan compensation worth $6,414,750 and ‘all other compensation’ worth $361,650.
As per the proxy filing, the ‘all other compensation’ includes retirement plan contributions, broad-based plan benefits, charitable gifts and one-time vacation accrual.
The SEC filing mentioned that Nadella owned 800,667 shares of Microsoft in 2023.
ALSO READ: Apple CEO Tim Cook's salary dropped by ₹300 crore in 2023. How much did he earn?
Nadella is only the third Microsoft CEO, following Steve Ballmer, who lasted for 14 years, and Bill Gates, who co-founded the company in 1975 and took it public in 1986.
On the Microsoft CEO, Raimo Lenschow, a stock analyst at Barclays, told AP,"Much of Nadella’s strength is how he stands out from the typical “very strong ego CEO. Instead of making bold pronouncements, Nadella takes a more measured approach to explaining where he thinks the future is going."
(With AP inputs)
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News / Business / Satya Nadella marks 10 years as Microsoft CEO. How much salary he earned in 2023?
