ALBAWABA - Satya Nadella, CEO of Microsoft, received a 63% salary increase in 2024, driven by the rapid growth of artificial intelligence.
Satya Nadella’s salary
Microsoft’s CEO and chairman, Satya Nadella, got a 63% pay raise for 2024, according to documents shared by the company yesterday. This increase is mainly driven by the growth and developments in artificial intelligence and advanced technology.
It is worth mentioning that Nadella received a financial compensation of approximately $79.11 million for the 2024 fiscal year, compared to $48.51 million the previous year. His package included a base salary of $2.5 million, in addition to stocks of nearly $71.24 million and incentive compensation of $5.2 million.
It is worth mentioning that Nadella received a financial compensation of approximately $79.11 million for the 2024 fiscal year, compared to $48.51 million the previous year. (Shutterstock)
However, the company’s reports indicated that Nadella’s cash incentive was more than 50% lower, as he requested a pay cut due to the company’s recent security challenges.
"Mr. Nadella agreed that the Company's performance was extremely strong, but reflecting on his personal commitment to security and his role as the CEO, asked the Board to consider departing from the established performance metrics and reduce his cash incentive to reflect his personal accountability for the focus and speed required for the changes that today's cybersecurity threat landscape showed were necessary," according to the documents shared by Microsoft.
Notably, Nadella’s salary increase is primarily driven by the rapid growth of the company’s artificial intelligence initiatives and Microsoft’s extensive investments. The company is pursuing a significant technical transformation aimed at fostering global innovation, enhancing security, and mitigating potential risks.
Satya Nadella’s salary is by far the highest pay rise ever received by him since he earned $84 million in 2014.
