Microsoft's India-born CEO Satya Nadella earned a whopping $ 84.3 million this year, according to his salary details coming days after he courted controversy by suggesting that women should not ask for pay raises but trust their "good karma" to get their dues.
In a filing with the US Securities and Exchange Commission, Microsoft said Nadella, 47, will get a total compensation of $84.30 million for the fiscal year ended June 2014, significantly up from the $7.66 million he received in 2013.The compensation would be about 10 times of his pay from the previous year, making him one of the technology industry's top earners.
The 2014 compensation includes salary of $ 918,917, a bonus of $ 3.6 million and $79.77 million in stock awards, which were designed to keep Nadella at Microsoft while the company hunted for a new CEO and to give him long-term incentives as CEO.Microsoft said Nadella is slated to receive stock worth an estimated $59.2 million under the long-term performance- based stock award in connection with his promotion to CEO.
However Nadella will not be eligible to receive any part of stock award compensation until 2019.The amount also includes a one-time special retention stock award of $ 13.49 million granted to Nadella as Executive Vice President, Cloud and Enterprise in August 2013 to help ensure the continuity of Microsoft's leadership team during the CEO search period and the company’s business transformation.