05 February 2014

An eighty percent raise


Sam Frizell has a Time article about Nadella's pay at Microsoft:
Satya Nadella has gone from cloud and enterprise to cloud nine.
His promotion to CEO of Microsoft from VP of Microsoft’s cloud and enterprise division comes with a big raise: he’s receiving nearly an eighty percent increase in salary, to $1.2 million. His raise package also comes with a stock award worth $13.2 million and an annual bonus of up to $3.6 million, according to a company filing, for a possible total of $18 million. That’s over double what the 22-year company insider made last year.
Nadella, 46, made $7.6 million last year as the executive VP of Microsoft’s cloud and enterprise, reports USA Today, a sum that included a $669,167 salary, a $1.58 million bonus, and a $5.4 million stock award.
Those sums aren’t particularly outsized, however: Apple CEO Tim Cook received restricted stock valued at $376 million when he replaced the late Steve Jobs, and Marissa Mayer signed on to Yahoo with the potential to make a hundred million within five years.
Rico says the guy's getting his money up front; smart. (And, as ever, it is good to be the prince, or the princess...)

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