His compensation could be more than double what he made at Microsoft last year
Satya Nadella has gone from cloud and enterprise to cloud nine.
Nadella’s promotion to CEO of Microsoft from VP of Microsoft’s cloud and enterprise division comes with a big raise: he’s receiving nearly an 80 percent increase in salary to $1.2 million. His raise package also comes with a stock award worth $13.2 million and an annual bonus of up to $3.6 million, according to a company filing, for a possible total of $18 million. That’s over double what the 22-year company insider made last year.
Nadella, 46, made $7.6 million last year as the executive VP of Microsoft’s cloud and enterprise, reports USA Today, a sum that included a $669,167 salary, $1.58 million bonus and $5.4 million stock award.
Those sums aren’t particularly outsized, however: Apple CEO Tim Cook received restricted stock valued at $376 million when he replaced the late Steve Jobs, and Marissa Mayer signed on to Yahoo with the potential to make $100 million within five years.