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 newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Microsoftinternetbusiness issuessoftwarepersonnelSEC Filings

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments