Microsoft has increased the salary of company CEO Satya Nadella by 63% to $ 79.1 million (about Rs 665 crore) for the financial year 2024. Nadella's salary in FY 2023 was $ 48.5 million (current value is about Rs 408 crore).
This is the second highest salary that Nadella will receive after joining the company. Earlier in 2014, he had received a salary of 84 million dollars. The company gave this information in its stock filing on Thursday.
Nadella's stock based income reached $71 million
The company has taken this decision due to increase in stock awards. The company's market position has been strengthened by growth in artificial intelligence and investment in open AI.
During this period, the valuation of the company increased by 31.2% to more than 3 trillion dollars (Rs 252 lakh crore). With this, Satya Nadella's stock-based income has increased from last year's $39 million (Rs 328 crore) to $71 million (Rs 597 crore).
Apple CEO Tim Cook to get salary of $63.2 million in 2023
The highest earning CEO is Apple's Tim Cook, who received a salary of $63.2 million in 2023. At the same time, Nvidia's CEO received a salary of $31.2 million in fiscal year 2024.
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