At the end of the 2024 fiscal year, as noted by CNBC, Microsoft raised the remuneration of CEO Satya Nadella by more than $30 million, but he partially refused it, citing an awareness of guilt for an information security incident. In any case, at the end of the year, Nadella’s remuneration increased by 63% to $79.1 million.
Image Source: Microsoft News
Representatives of CNBC were able to find out about this based on the results of studying the reports filed by Microsoft with US regulatory authorities based on the results of the last fiscal year, which ended on June 30 of the current one. The proportion of payments to the head of Microsoft changed in such a way that the share of cash remuneration decreased, and the rest of the compensation package was formed by shares of the corporation. The board committee that determines executive compensation reported Nadella’s request to take into account the impact of the information security incident, which was disclosed in July 2023. According to Microsoft, Chinese and Russian hackers gained access to the company’s mail servers at different times. As a result, correspondence between representatives of the US government and Microsoft management, respectively, was allegedly compromised.
The company promised to introduce additional control over information security measures by the CEO and board of directors. In May, Nadella called on Microsoft employees to give the highest priority to information security in their work. In June, it was decided to take employees’ efforts to improve security into account when determining the size of their compensation package. Since Nadella asked to reduce the amount of cash payments to his address amid the data leak scandal, he received $5.5 million less at the end of the fiscal year than he could have. Instead of the $10.66 million originally planned for payment in cash, Nadella received only $5.2 million.
If you notice an error, select it with the mouse and press CTRL+ENTER.
Source: 3dnews.ru
