Microsoft CEO Satya Nadella’s fiscal 2024 compensation surged 63% to $79.1 million, in line with a submitting on Thursday, helped by his inventory awards in a 12 months when the tech behemoth’s market worth breached $3 trillion.
Inventory awards for Nadella, who earned $48.5 million in 2023, climbed to about $71 million from $39 million a 12 months earlier.
Microsoft’s shares had gained about 31.2% throughout the fiscal 12 months ended June 30, 2024.
Backed by its funding in ChatGPT maker OpenAI, Microsoft is extensively seen as a frontrunner within the race for market dominance within the rollout of generative synthetic intelligence (AI) amongst different tech heavyweights.
Nevertheless, Nadella’s money incentive of $5.2 million was lower than the $10.7 million he was eligible for as he requested for a discount following a number of cybersecurity breaches reported throughout the fiscal 12 months, in line with the submitting.
Amongst different high-profile tech bosses, Apple’s CEO Tim Prepare dinner earned $63.2 million in 2023.
AI-chip large Nvidia’s CEO Jensen Huang’s payout was $34.2 million in fiscal 2024.
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