Satya Nadella Took Home $42.9 Million Last Year; Gets 66% Raise

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Microsoft CEO Satya Nadella earned $42.9 million in total bounty for the fiscal year 2019 — 66 per cent heighten from the prior fiscal year, the company has announced.

Nadella received a $1 million base salary jump and an increment in stocks.

"Nadella's strategic leadership, including his efforts to strengthen trust with customers, bulldoze 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.

When he took over from Steve Ballmer in 2014, Nadella took abode $84.iii million which is the highest earnings in a fiscal year for him so far.

"For financial year 2019, the annual total compensation for the median employee of the Visitor (other than our CEO) was $172,512," the company said.

"The past fiscal yr offered some other record year for financial performance, and Microsoft delivered stiff results for our shareholders, including a render of $30.nine billion in the form of share repurchases and dividends," wrote the board of directors.

During the starting time five-twelvemonth operation period, Microsoft's market place capitalisation increased $509 billion (from $302 billion to $811 billion). "Microsoft'south relative TSR was in the 97th percentile, resulting in Nadella earning and vesting in the maximum 900,000 shares," the company said in the filing.

Microsoft's lath of directors terminal month authorized another $40 billion in share repurchases and raised its quarterly dividend past 5 cents or eleven per cent to 51 cents a share. The visitor bought back $nineteen.54 billion in shares last year. In the previous financial year, the buybacks was worth $10.72 billion – all under Nadella'south tenure.

"The new share repurchase plan, which has no expiration appointment, may be terminated at whatsoever time. The dividend is payable on December 12 to shareholders of record on November 21, 2019. The ex-dividend date will be November 20, 2019," the company said in a statement.

The company will hold its annual shareholders meeting on Dec four. This year'due south annual shareholders meeting will be held well-nigh and hosted by Nadella, Amy Hood, master fiscal officer, Brad Smith, President and primary legal officer and John Due west. Thompson, Microsoft independent lath 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.

For its entire financial twelvemonth 2019, Microsoft reported acquirement of $125.8 billion which increased 14 per cent and $39.2 billion cyberspace income — setting a new record fiscal year for the visitor.

Microsoft that continues to be valued equally a $ane trillion company returned $7.vii billion to shareholders in the course of share repurchases and dividends in the fourth quarter of financial year 2019.