CEO of Microsoft, Satya Nadella, has got a 66 per cent hike in total compensation, that is, a total salary of $42.9 million in the last fiscal year. His base salary has shot up a million dollars. In addition, he also gets to hold more stocks of the Company.
Clearly, it is a well-deserved increment because it is reported that the Company’s market capitalisation has increased by $509 billion since he took over as leader. The Company now boasts of a market capitalisation of $811 billion capitalisation as compared to $302 billion earlier. It is a leader in the intelligent cloud business. It did exceptionally well in the last fiscal year, with a return of $30.9 billion in the form of share purchases and dividends. In the June quarter, its revenue was $33.7 billion, while the net income was $13.2 billion. In fact, Microsoft has recently been declared as the most valued company in the globe. This position was earlier held by Apple.
Ever since Nadella took over the reins, the Company has improved in value. Even in the intelligent cloud space, its Azure cloud has grown to provide serious competition to Amazon Web Services.
Ever since he took over, Nadella has attempted to strengthen the trust that customers have in the Company, bring about cultural change across the Company, and also help Microsoft successfully foray into new technologies and markets.