Microsoft CEO Nadella's compensation drops... to $48M
(2023/10/20)
- Reference: 1697805254
- News link: https://www.theregister.co.uk/2023/10/20/microsoft_ceo_nadellas_compensation_drops/
- Source link:
Microsoft boss Satya Nadella was paid $48.5 million in compensation for running the business in 2023 – the lowest amount he received in the past three years due to smaller stock awards and other incentives.
This comes months after the long-serving CEO, who has made an [1]estimated $1 billion in financial packages since becoming CEO in 2014, told full-time salaried staff their pay was frozen due to a slowdown in revenue growth.
Nadella himself walked away with less in fiscal 2023 compared to the [2]$54.94 million he got last year , and the $49.85 million the 12 months before that.
[3]
The latest pay pack comprised $2.5 million in salary, unchanged; $39.23 million in stock; $6.4 million in non-equity incentives; and $360k for all other compensation. Nadella fell slightly short in his target for financial results but exceeded targets for operational results, meaning he met 85.5 percent of the goals set.
[4]
[5]
All of this during a fiscal year when Microsoft grew revenue by 11 percent to $211.9 billion, operating income edged up to $88.5 billion from $83.38 billion, and net income was flat at $72.36 billion. Cloud revenue alone grew 22 percent to a staggering $111.6 billion, albeit slower than recent years.
More than 95 percent of Nadella's annual target compensation goal is performance-based and 70 percent of the annual cash incentive is related to meeting pre-established financial metrics.
[6]
What is the CEO pay ratio in relation to the rest of the workforce these days?
[7]Oracle's $130M-plus payday still looms on horizon for Larry and Safra
[8]Miffed Googlers meme on CEO's $226M pay award amid cost-cutting campaign
[9]Average Adobe staffer makes $170k a year, and 185 of them = 1 CEO
[10]IBM boss Arvind 'kerching' Krishna paid more than $16m in 2022
[11]How many HPE staff does it take to pay for one CEO? 271
[12]People are coming out of retirement due to cost-of-living crisis
"The annual total compensation for the median employee of the Company (other than our CEO) was $193,770 and the annual total compensation of our CEO was $48,512,537," Microsoft says in its [13]proxy statement 20203 .
A year ago the average pay was $190k and the CEO to grunt ratio was 289 to 1, way higher than the 250 to 1 it currently is.
As for the other executives in Nadella C-suite, CFO Amy Hood was paid $19.9 million; top sales office Judson Althoff received $16.2 million; President Brad Smith got $18.1 million; and Christopher Young, who is exec veep for business development, strategy and ventures, pocketed $9.8 million. ®
Get our [14]Tech Resources
[1] https://www.bloomberg.com/news/articles/2023-07-19/microsoft-ceo-nadella-s-payouts-top-1-billion-on-1-000-msft-stock-boom
[2] https://www.theregister.com/2022/10/28/microsoft_nadella_2022_pay_karma/
[3] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2ZTKkK7ZXOvQfN2fYqatTDgAAANM&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
[4] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44ZTKkK7ZXOvQfN2fYqatTDgAAANM&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[5] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33ZTKkK7ZXOvQfN2fYqatTDgAAANM&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0
[6] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44ZTKkK7ZXOvQfN2fYqatTDgAAANM&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[7] https://www.theregister.com/2023/09/26/oracle/
[8] https://www.theregister.com/2023/05/04/googlers_upset_with_ceos_226m/
[9] https://www.theregister.com/2023/03/20/adobe_pay/
[10] https://www.theregister.com/2023/03/10/ibm_arvind_krishna_pay/
[11] https://www.theregister.com/2023/02/22/how_many_hpe_staff_equate/
[12] https://www.theregister.com/2022/10/07/retirees_cost_of_living/
[13] https://microsoft.gcs-web.com/node/31991/html
[14] https://whitepapers.theregister.com/
This comes months after the long-serving CEO, who has made an [1]estimated $1 billion in financial packages since becoming CEO in 2014, told full-time salaried staff their pay was frozen due to a slowdown in revenue growth.
Nadella himself walked away with less in fiscal 2023 compared to the [2]$54.94 million he got last year , and the $49.85 million the 12 months before that.
[3]
The latest pay pack comprised $2.5 million in salary, unchanged; $39.23 million in stock; $6.4 million in non-equity incentives; and $360k for all other compensation. Nadella fell slightly short in his target for financial results but exceeded targets for operational results, meaning he met 85.5 percent of the goals set.
[4]
[5]
All of this during a fiscal year when Microsoft grew revenue by 11 percent to $211.9 billion, operating income edged up to $88.5 billion from $83.38 billion, and net income was flat at $72.36 billion. Cloud revenue alone grew 22 percent to a staggering $111.6 billion, albeit slower than recent years.
More than 95 percent of Nadella's annual target compensation goal is performance-based and 70 percent of the annual cash incentive is related to meeting pre-established financial metrics.
[6]
What is the CEO pay ratio in relation to the rest of the workforce these days?
[7]Oracle's $130M-plus payday still looms on horizon for Larry and Safra
[8]Miffed Googlers meme on CEO's $226M pay award amid cost-cutting campaign
[9]Average Adobe staffer makes $170k a year, and 185 of them = 1 CEO
[10]IBM boss Arvind 'kerching' Krishna paid more than $16m in 2022
[11]How many HPE staff does it take to pay for one CEO? 271
[12]People are coming out of retirement due to cost-of-living crisis
"The annual total compensation for the median employee of the Company (other than our CEO) was $193,770 and the annual total compensation of our CEO was $48,512,537," Microsoft says in its [13]proxy statement 20203 .
A year ago the average pay was $190k and the CEO to grunt ratio was 289 to 1, way higher than the 250 to 1 it currently is.
As for the other executives in Nadella C-suite, CFO Amy Hood was paid $19.9 million; top sales office Judson Althoff received $16.2 million; President Brad Smith got $18.1 million; and Christopher Young, who is exec veep for business development, strategy and ventures, pocketed $9.8 million. ®
Get our [14]Tech Resources
[1] https://www.bloomberg.com/news/articles/2023-07-19/microsoft-ceo-nadella-s-payouts-top-1-billion-on-1-000-msft-stock-boom
[2] https://www.theregister.com/2022/10/28/microsoft_nadella_2022_pay_karma/
[3] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2ZTKkK7ZXOvQfN2fYqatTDgAAANM&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
[4] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44ZTKkK7ZXOvQfN2fYqatTDgAAANM&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[5] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33ZTKkK7ZXOvQfN2fYqatTDgAAANM&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0
[6] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44ZTKkK7ZXOvQfN2fYqatTDgAAANM&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[7] https://www.theregister.com/2023/09/26/oracle/
[8] https://www.theregister.com/2023/05/04/googlers_upset_with_ceos_226m/
[9] https://www.theregister.com/2023/03/20/adobe_pay/
[10] https://www.theregister.com/2023/03/10/ibm_arvind_krishna_pay/
[11] https://www.theregister.com/2023/02/22/how_many_hpe_staff_equate/
[12] https://www.theregister.com/2022/10/07/retirees_cost_of_living/
[13] https://microsoft.gcs-web.com/node/31991/html
[14] https://whitepapers.theregister.com/