Microsoft’s top executives sure do get a sweet pay cheque.
The Redmond software firm shelled out a whopping $56 million in fiscal 2016 to its top five executives, a preliminary proxy statement filed Monday with the SEC has revealed.
CEO Satya Nadella earned $17.7 million this year — a combination of $5.66 million for salary and bonus and $12 million in stock awards.
Nadella, who was named CEO in February of 2014, has revitalized the company with new ideas and approaches. Prior to taking the company’s top job, Nadella, was head of engineering for Microsoft’s back-end technologies such as datacenter, database and specific technologies for enterprise IT scenarios and development tools. Before that, he led Microsoft’s Server and Tools business and datacenter development, construction and operation.
While Nadella certainly has an impressive resume, $17.7 million still seems like an awful lot of money to rake in for one year.
Still he was not alone in the eyebrow-raising compensation he was awarded.
Chief financial officer Amy Hood earned $10.4 million in salary, bonus and stock rewards while executive-vice president of business development Margaret Johnson brought home a total of $6.7 million in compensation. Chief legal officer Brad Smith earned a total of $8.6 million while chief operating officer Kevin Turner took home $13 million.
Jennifer Cowan is the Managing Editor for SiteProNews.
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