Microsoft's last fiscal year was pretty rough. Putting aside all the problems that Xbox has been facing recently (of which there are many), Microsoft itself has made headlines multiple times over the past couple of years for mass layoffs, with the most recent example in January earlier this year. It was reported that a whopping 1,900 people in the company's gaming division lost their jobs that month.
Couple that with some pretty serious cybersecurity issues in July last year, and you'd assume that the man in charge of Microsoft, Satya Nadella, wouldn't be in line for extra compensation this year. However, that does appear to be the case, as a proxy filing spotted by NBC earlier this week (thanks IGN) has revealed that Nadella's compensation for the fiscal year 2024 rose to just over $79.1 million.
In the filing, it's revealed that Nadella received $2.5 million as a base salary, $71.24 million in stock awards, $5.2 million in non-equity incentive plan compensation, and other types of compensation making up the rest of that giant figure. To put this into perspective, Nadella earned $48.5 million for fiscal year 2023, and the vast majority of Nadella's pay increase this year came from...
