Satya Nadella » , the CEO of Microsoft » , saw a significant increase in his compensation for fiscal year 2024, rising by 63%, bringing his total pay to approximately Rs 665 crore. According to a recent filing with the US Securities and Exchange Commission (SEC) » , this jump was largely driven by a substantial increase in his stock awards, which surged from $39 million the previous year to $71 million.
The filing also highlighted an interesting decision by Nadella to reduce his cash compensation. In his statement, he cited concerns over cybersecurity threats, suggesting that these issues, along with the potential geopolitical influence of China » , were factors in his decision. His move follows a series of high-profile cybersecurity incidents that have affected Microsoft in recent months.
Among the incidents, a global outage in July 2023 impacted Windows users, and a report from the US Department of Homeland Security in April revealed that Chinese actors had gained access to the email accounts of US officials—a breach that Microsoft confirmed in July. Additionally, reports in January indicated that Russian intelligence had targeted and accessed the email accounts of some of Microsoft's senior executives. Read More »
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