Microsoft Corporation (NASDAQ:MSFT) is certainly paying big bucks to its management to get the job done and keep the tech giant on top. On Bloomberg, Betty Liu discussed Satya Nadella’s jaw dropping numbers that he rakes in every year with Olivia Sterns and Bloomberg’s contributing editor David Kirkapatrick.
“[…] $84.3 million dollars he was paid for the fiscal year. 11 times his pay from the previous year, one of the highest paid tech executives out there […],” reported Betty Liu.
The more pertinent question is, whether Microsoft Corporation (NASDAQ:MSFT)’s CEO has earned this hefty pay check or is just cashing in riding on the wave that someone else created. Well, in a sense he has made little contribution personally and most of the credit for the raise goes to Steve Ballmer, the ex-CEO.
Steve Ballmer had even been likened to malignant cancer for Microsoft Corporation (NASDAQ:MSFT) in some journalistic pieces. Kirkapatrick correctly traced the source of Nadella’s raise.
“[…] He hasn’t yet earned it, no. Because he is still just getting started as CEO of Microsoft Corporation (NASDAQ:MSFT), and it’s all the stock that is the difference you know, the stock has done fairly well since he came in because people said, hey, he is a lot better than Ballmer, so that is why he is making more money,” said Kirkpatrick.
The panel discussed that Nadella’s popularity is also due to the fact that he has refocused the company to mobile and cloud services. Even though these trends are way old in the tech industry now, Ballmer was suffering from some kind of perception blindness. Either way, Nadella had his work cut out for him and unlike Microsoft Corporation (NASDAQ:MSFT)’s investors he must be very thankful to Ballmer.
Nadella didn’t have to do much to surpass the achievements of his predecessor, however he too had recently tried to put a negative spin on his wheel of fortune when he made some objectionable remarks regarding women’s pay raises. Thankfully for him, the matter seems to have been settled after his apology.
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