Microsoft (MSFT) CEO Satya Nadella saw his total compensation rise 63% for the company’s Fiscal 2024 year.
Nadella received $79.1 million U.S. for the fiscal year that ended June 30, up 63% from $48.5 million U.S. in the previous year, according to a proxy filing.
Most of the Microsoft CEO’s pay was in the form of stock. However, the cash portion of Nadella’s compensation was reduced by $5.46 million U.S. following a series of cyberattacks.
In January of this year, Microsoft disclosed that Russian intelligence had access to some of the company’s top executives’ email accounts.
In April, the U.S. Department of Homeland Security reported that China had breached U.S. government officials’ email accounts that were run by Microsoft.
The cash portion of Nadella’s compensation was supposed to be $10.66 million U.S. But Microsoft’s board approved only a $5.2 million U.S. cash incentive owing to the cyberattacks.
The stock of Microsoft has risen 15% so far in 2024 and currently trades at $424.73 U.S. per share.