Satya Nadella Took Home $42.9 Million Last Year; Gets 66% Raise
Oct. 20, 2019Nadella received a $1 million base salary jump and an increase in stocks.
“Nadella’s strategic leadership, including his efforts to strengthen trust with customers, drive for a company-wide culture change, and successful entry and expansion into new technologies and markets,”Microsoft’s independent directors said in a proxy statement released on Wednesday.
“The past fiscal year offered another record year for financial performance, and Microsoft delivered strong results for our shareholders, including a return of $30.9 billion in the form of share repurchases and dividends,”wrote the board of directors.
Microsoft’s board of directors last month authorized another $40 billion in share repurchases and raised its quarterly dividend by 5 cents or 11 per cent to 51 cents a share. The company bought back $19.54 billion in shares last year. In the previous fiscal year, the buybacks was worth $10.72 billion – all under Nadella’s tenure.
The company will hold its annual shareholders meeting on December 4. This year’s annual shareholders meeting will be held virtually and hosted by Nadella, Amy Hood, chief financial 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 segments, Microsoft posted revenue of $33.7 billion and net income of $13.2 billion for its fourth quarter that ended on June 30.
