Satya Nadella, CEO of giant tech company Microsoft, saw a 66 per cent increase in his salary in a year. In the financial year (2018-19), Nadella received a total compensation of Rs 306.43 crore, or $ 4.29 million. Talking about last year, Satya Nadella received Rs 184.28 crore or $ 258 million in the financial year 2017-18.
Board increased compensation
The company gave this information in its annual report on Wednesday. Explain that the company’s financial year is till June 1. In this context, the company said that the board has increased Nadella’s compensation due to the business target and the company’s share price rising.
Half compared to 2014
It is to understand that compared to the year 2014, the compensation of 306.43 crore is half. In 2014, Microsoft CEO Satya Nadella received compensation of $ 8.43 million.
Market capitalization increased in five years
The special thing is that under the leadership of Satya Nadella, the market capitalization of the company has increased by $ 509 billion in the last five years and the total shareholder return of the company has increased by 97 percent. Last year Microsoft became the highest valuation company. Currently, Microsoft has a market capitalization of $ 1,072 billion.
Changes in company practices
The company has stated that Nadella’s strategic leadership has strengthened trust with customers and changes in company practices. Along with this, the company has also seen the new technology and the successful entry and expansion into new markets.