Microsoft Corporation increased CEO Satya Nadella’s salary by more than $30 million at the end of fiscal 2024, but he had previously offered to reduce his salary. This was reported by CNBC.
According to Microsoft’s reports, the proportion of payments to the executive has changed: The share of cash wages has decreased, and the rest of the compensation package consists of corporate shares. The board committee that determined the payment amount noted Nadella’s request to consider the impact of the information security incident announced in July 2023.
Chinese and Russian hackers then gained access to Microsoft email servers, leading to the compromise of correspondence between US government representatives and Microsoft management, according to the company.
Microsoft has vowed to strengthen the CEO and board’s control over information security. In May, Nadella urged employees to prioritize safety.
In June, the company decided to take employees’ efforts to improve safety into account when determining its compensation package. As a result of the request to reduce payments, Nadella received $ 5.5 million less. It received $5.2 million instead of the originally planned $10.66 million. Despite this, his total compensation increased by 63% to $79.1 million.
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Source: Gazeta
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