Microsoft CEO Satya Nadella has only been at the helm for about eight months yet has managed to become one of the industry’s top earners. This total compensation package for the year is worth a whopping $84.3 million according to a document filed with the Securities and Exchange Commission.
A large portion of the package – roughly $79.8 million – consists of one-time stock awards that Nadella won’t be able to touch until 2019. Not counting those shares, Nadella earned $919,000 in salary and $3.6 million as a cash bonus.
Nadella took over as Microsoft’s third CEO in February. The Redmond-based company conducted an extensive search to replace loyalist Steve Ballmer who had held the position for more than 14 years. Ballmer purchased the NBA’s Los Angeles Clippers just a few months after parting ways with Microsoft.
The pay disclosure comes at an inopportune time for Nadella. Less than two weeks ago during a speaking engagement at the Grace Hopper Celebration of Women in Computing conference, the executive suggested that women in technology shouldn’t ask for pay raises and should instead hope that “karma” gets them a fair salary.
Criticism came almost immediately and Nadella was quick to offer an apology, saying he answered the question completely wrong. He also noted yesterday during a presentation in San Francisco that there is no pay gap between men and women at Microsoft.