Mumbai: Microsoft CEO Satya Nadella, one of the world's largest tech companies, has seen a huge increase in salary allowances. Nadella's salary and allowances have increased by 66 percent in one year. According to Microsoft's annual report ended June 30, Nadella received total compensation of $ 4.29 million (Rs 306.43 crore). (Most of it is in the form of stock). Microsoft's fiscal year is from 1 July to 30 June. In the last financial year (2017-18), he received $ 2.58 million (Rs 184.28 crore).
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The company has given this information in its annual report. The company achieved its business target as well as an increase in the price of its shares, due to which the board increased Nadella's compensation. However, when compared to the 2014 compensation, it is about half of that. Then Nadella received $ 8.43 million. According to estimates, Nadella's current net worth is Rs 2100 crore.
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Microsoft's independent directors praised Nadella's work, stating that his strategic leadership - trust with customers has been strong, as well as changes in company practices, new technology and successful entry into new markets, including The directors did. Under the leadership of Microsoft CEO Nadella, the company's market cap increased by $ 509 billion in the last 5 years, during which the total shareholder return of the company increased by 97 percent. The company has also shown this in its annual report.
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