look news india
Microsoft's Indian-origin CEO Satya Nadella has received a huge salary hike. In the year 2024, Satya Nadella will get a total salary allowance of 79.1 million dollars i.e. 670 crore rupees in Indian rupees. Which has increased by 63 percent compared to the year 2023. This is the first time since 2014 that Satya Nadella will be given a compensation of $79.1 million. After becoming the CEO of Microsoft in 2014, he was paid $84 million as salary.
Microsoft shares are seen gaining 28 percent in 2024 and the company's market cap is expected to reach $3.6 trillion as of Thursday, October 24, 2024. The company's valuation has increased due to the company's investment in artificial intelligence and revenue growth due to technology. Microsoft is infusing its Office products and AI-powered co-pilot assistants with AI for which it charges its customers.
Satya Nadella's total salary in the year 2024 is 2.5 lakh dollars, which was the same last year also. He appealed to reduce the cash bonus, which was accepted by the board. In the year 2022, Nadella was given 10 million dollars as bonus. Which has reduced to $6.4 million in 2023 and $5.2 million in 2024.