Microsoft CEO pay rises 63% to $seventy 9 million
Microsoft boss Satya Nadella’s complete pay bundle elevated by 63% this fiscal yr, reaching $seventy 9.1 million.
As acknowledged in a regulatory filing, $71.2 million was inventory awards, which seen an 81% rise. $2.5 million of the bundle was Nadella’s wage, with $5.2 million for a “non-equity incentive plan compensation” and $169,791 in different compensation.
In his annual letter to shareholders, Natya described 2024 as a “pivotal yr” for the corporate, highlighting its acquisition of Activision Blizzard in October 2023 and its enhancements in cloud gaming.
Alternatively, Microsoft has been hit with big waves of layoffs this yr with over 2,500 jobs misplaced.
Earlier this yr, 1,900 staffers from the company’s gaming division had been made redundant. Closing month, 650 staff had been laid off as share of its technique of “aligning [its] post-acquisition group construction.”
Four Bethesda studios had been shut down in June, together with Arkane Austin, Tango Gameworks, Roundhouse, and Alpha Canine. Krafton has since obtained Tango Gameworks as share of a “s