Microsoft CEO Satya Nadella speaks at an event on the company’s campus in Redmond, Washington, on May 20, 2024. Smart chips and a new generation of faster computers will reignite the long-standing rivalry between Windows PCs and Apple Inc.’s Macs.
Jonah Kassinger | Bloomberg | Getty Images
Microsoft to the ceo Satya Nadella Salary increases for fiscal year 2024 exceed $30 million. But if not for a series of cyberattacks, his total would have been $5.5 million higher.
According to the financial report, Nadella received $79.1 million in the fiscal year ended June 30, up from $48.5 million last year. agent Filed Thursday. Most of his salary is in the form of stock. The board’s compensation committee said Nadella’s request for cash bonuses reflected safety concerns in part.
After the U.S. Department of Homeland Security requested cuts in April publish report It follows an independent review of China’s breach of the email accounts of U.S. government officials. Microsoft disclosed The incident occurred in July 2023.
In January, Microsoft said Russian intelligence services had accessed the email accounts of some of its top executives.
Microsoft explain The company will improve its practices to address shortcomings highlighted in the government report, which said “customers will benefit from the direct attention of its CEO and board of directors to the company’s safety culture.”
Nadella responded by telling employees in a statement May Memo Microsoft puts security first. June, Microsoft explain It will consider employees’ cybersecurity efforts when determining their pay.
The cash incentive component of Nadella’s compensation primarily takes into account the software maker’s performance relative to revenue and operating income targets. The original plan was $10.66 million, but the full board approved a $5.2 million cash incentive.
“Mr. Nadella agreed that the company’s results were very strong, but given his personal commitment to safety and his role as CEO, he asked the Board to consider departing from established performance metrics and reducing his cash incentives to reflect his personal Responsibility Today’s cybersecurity threat landscape demonstrates the focus and speed required for change,” the committee wrote.
Microsoft’s security business generated more than $20 billion in revenue in 2022, exceeding the total revenue of many security companies.
