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Microsoft CEO Satya Nadella’s pay increased 63% in FY24 to $79.1 million

Abha Raverkar
By Abha Raverkar

2 min read | Updated on October 25, 2024, 22:49 IST

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SUMMARY

Microsoft CEO Satya Nadella was compensated $79.1 million in the financial year 2024. This is the highest compensation Nadella has received since becoming the company's CEO in 2014. This pay hike comes despite Nadella asking for a reduced pay package following multiple cybersecurity breaches this fiscal year.

Nadella’s pay of $79.1 million in FY24 is 63% higher than the $48.5 million he received the previous year

Nadella’s pay of $79.1 million in FY24 is 63% higher than the $48.5 million he received the previous year

Microsoft CEO Satya Nadella received a pay package of $79.1 million, or ₹665.15 crore, in 2024, the company said in an exchange filing on Thursday, October 24.

Nadella’s pay of $79.1 million in FY24 is 63% higher than the $48.5 million he received the previous year.

Highest compensation since 2014

The compensation this year is the highest that Satya Nadella has received since he was paid $84 million when he became the Chairman and CEO of the company in 2014.

As per the regulatory filing, 90% of Nadella’s pay was in the form of a stock award worth $71.2 million.

His non-equity compensation was worth $5.2 million, half the $10.7 million he was eligible for.

Nadella also received $169.7 thousand under “All Other Compensation.” The Microsoft CEO’s salary was just $2.5 million, a mere 3% of the total $79.1 million.

The regulatory filing revealed that Satya Nadella had asked for a reduction in his pay package following multiple cybersecurity breaches, including the “Blue Screen of Death” fiasco, reported this fiscal.

Cybersecurity breach

In April, the US Department of Homeland Security announced the need to prioritise security amidst breaches from Chinese and Russian cybercriminals who gained access to key accounts on Microsoft Cloud. This breach impacted both private and government clients.

Also read: Elon Musk $61 billion richer than Bezos as Tesla gains 22% on biggest quarterly profit in a year

Blue Screen of Death

On Friday, July 19, Windows users across the globe experienced a “Blue Screen of Death,” or BSOD error, which caused their systems to shut down or restart unexpectedly.

This was caused due to an update from CrowdStrike, a US-based cybersecurity firm that was employed by Microsoft.

Since then, Microsoft has completely overhauled its security, with Nadella volunteering to compensate for the budget changes for increased cybersecurity measures from his pay.

About The Author

Abha Raverkar
Abha Raverkar is a post-graduate in economics from Christ University, Bengaluru. She has a strong interest in the markets and loves to unravel the nitty-gritties of the latest happenings in the world of markets, business, and economy.

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