Facebook | Advertise with Us

Microsoft CEO Satya Nadella gets $18 million in 2016 pay

Microsoft Chief Executive Officer Satya Nadella's accounted for pay fell 3.3 for every penny to $17.7 million in the product creator's most recent monetary year finished June 30. Nadella got about $5.66 million in compensation and reward and a $12 million stock honor, as indicated by a preparatory intermediary articulation recorded Monday. About portion of the shares will vest in 2018 if Microsoft accomplishes targets including income, working salary and various business cloud supporters - and its stock beats 60 percent of organizations in the Standard and Poor's 500 Index. The rest of vest in full by 2019 on the off chance that he stays at work.  Microsoft's board moved to tie a portion of Nadella's yearly stock stipend to targets and cut back its carefulness over money rewards after more than a fourth of voting shareholders dismisses its official remuneration program at the organization's last two yearly gatherings. In chats with executives, financial specialists voiced worries about over the top payout limits for rewards and stock honors, and inadequate divulgence of variables used to assess execution, the recording said. Organizations in the S&P 500 got onreceived all things considered 91 percent support for their compensation programs in 2015, as indicated by information arranged by Bloomberg.

Latest Stories

Most Viewed Stories