Satya Nadella’s whopping pay package approved Shareholders of Microsoft on Wednesday approved whopping pay package for the CEO Satya Nadella. Shareholders gave him lukewarm vote after Investor Advisory group opined that the pay was exorbitant.
Nadella is getting a whopping $84 million (approximately Rs 520 crores) which makes him the highest paid CEO in the world last year. It however falls short of the $378 million (roughly Rs. 2,340 crores) which Tim Cook was offered by Apple when he became CEO in 2011.
Microsoft’s former CEO was paid only $ 1.3 million in 2013 but he was holding shares worth $16 billion. Following this announcement shares of Microsoft fell down by 38 cents to close at $48.08 Wednesday.
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