Microsoft’s meteoric rise in the AI domain has not only propelled the company’s success but also boosted CEO Satya Nadella’s total earnings to an astounding $1 billion. This milestone comes as a result of his equity grants, salary, bonuses, and dividends since assuming the position of CEO in early 2014.
According to a report by Bloomberg, Nadella’s compensation for 2022 alone amounted to approximately $55 million. This figure includes a base salary of $2.5 million, cash incentives of $10 million, and stock awards worth an impressive $42 million, as detailed in Microsoft’s latest proxy statement.
However, the primary driver behind Nadella’s remarkable earnings has been the nearly 1,000% surge in Microsoft’s share price since he assumed leadership. This exponential growth in the company’s market value has been nothing short of extraordinary.
A recent milestone for Microsoft was the announcement of a $30 AI subscription for its Office 365 platform, which added a staggering $154 billion to the company’s market cap in a single day. Furthermore, Microsoft’s strategic investment of $10 billion in OpenAI’s ChatGPT initiated an AI frenzy among investors, contributing to a notable 48% share rally for the company this year.
With these outstanding achievements, Satya Nadella joins an exclusive club of CEOs with a billion-dollar payout, a status shared with the likes of Apple’s Tim Cook.
Microsoft’s remarkable success in the AI arena, fueled by strategic investments and innovative offerings, has undoubtedly solidified its position as a tech industry leader. As the company continues to grow and innovate, Nadella’s vision and leadership remain instrumental in driving Microsoft’s continued success on a global scale.
Via: Business Insider