Menu
Nadella's salary set at $1.2M for first year as Microsoft CEO

Nadella's salary set at $1.2M for first year as Microsoft CEO

He's also eligible for a cash bonus of up to $3.6 million

Satya Nadella will get US$1.2 million in salary for his first year as CEO of Microsoft, the company said Tuesday.

That's a substantial jump on his previous salary of $675,000 and considerably more than the $700,000 earned by former CEO Steve Ballmer in Microsoft's previous financial year. Ballmer had asked for a relatively low salary and his pay was below the average for other CEOs of similar companies.

In addition to the salary, Nadella, who is 46, will be eligible for a cash bonus of up to $3.6 million, dependent on Microsoft's business performance. He'll also get an additional stock award of $13.2 million starting in Microsoft's 2015 fiscal year, the company said in a regulatory filing.

Last year, Nadella was awarded a $1.6 million cash bonus thanks to the strong performance of his business unit, which grew its revenue 9 percent year over year thanks mainly to the SQL Server and Windows Server businesses.

Nadella was named CEO earlier Tuesday, a promotion that takes effect immediately. Among the many challenges he'll face, he'll have to guide the company to a cloud-services business model as it seeks to better compete on the Internet. He'll also have to make a success of Microsoft's acquisition of Nokia's smartphone business and support the recently launched Windows 8.1 and Windows Mobile operating systems.

He won't be working alone. Company founder Bill Gates will assume a new role as technology advisor and devote more time to assisting Microsoft and Nadella in his work.

Martyn Williams covers mobile telecoms, Silicon Valley and general technology breaking news for The IDG News Service. Follow Martyn on Twitter at @martyn_williams. Martyn's e-mail address is martyn_williams@idg.com

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags business issuespersonnelMicrosoftsoftwareSEC Filingsinternet

Slideshows

Top 50 defining moments of the New Zealand channel in 2016

Top 50 defining moments of the New Zealand channel in 2016

Reseller News looks back on a tumultuous 12 months for the New Zealand channel, assessing the fallout from a year of sizeable industry change. Whether it be local or global mergers and acquisitions, distribution deals or job changes, the channel that started the year differs somewhat to the one set to finish it - Reseller News assesses the key moments that made 2016.​

Top 50 defining moments of the New Zealand channel in 2016
​Hewlett Packard Enterprise honours high achieving NZ channel

​Hewlett Packard Enterprise honours high achieving NZ channel

Hewlett Packard Enterprise honoured its top performing Kiwi partners at the second running of its HPE Partner Awards in New Zealand, held at a glitzy ceremony in Auckland. Recognising excellence across eight categories - from distributors to resellers - the tech giant celebrated its first year as a standalone company, following its official split from HP in 2015.

​Hewlett Packard Enterprise honours high achieving NZ channel
Nutanix treats channel partners to Christmas cruise

Nutanix treats channel partners to Christmas cruise

Nutanix recently took to the seas for a Christmas Cruise around Sydney Harbour with its Australia and New Zealand staff, customers and partners to celebrate a stellar year for the vendor. With the sun out, they were all smiles and mingled over drinks and food.

Nutanix treats channel partners to Christmas cruise
Show Comments