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Microsoft CEO's pay package jumps 63% to $104m
The Straits Times
|October 26, 2024
Microsoft chief executive Satya Nadella received a pay package worth US$79.1 million (S$104.4 million) for fiscal 2024, a 63 per cent increase from 2023 as the software maker worked to extend its strong position in artificial intelligence tools.
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Mr Nadella's pay would have been about US$5 million higher had he not requested a pay cut "to reflect his personal accountability" for changes the company is making to reflect cyber security risks, Microsoft's board compensation committee wrote in the filing.
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