Microsoft’s AI boom propels CEO Satya Nadella’s total payouts to $1 billion

Pranav Bhardwaj

Satya Nadella Ftc Court Apperance

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