Microsoft shareholders approve $84 million CEO pay

Microsoft shareholders approve $84 billion CEO pay
Microsoft CEO Satya Nadella speaks at Microsoft Corp.'s annual shareholders meeting in Bellevue, Wash. on Wednesday, Dec. 3, 2014. The annual meeting was Nadella's first as head of Microsoft. (AP Photo/Ted S. Warren)

Microsoft shareholders have approved an $84 million pay package for new CEO Satya Nadella, despite concerns raised by an investor advisory group.

The tech giant has seen strong financial performance and its stock is up roughly 30 percent for the year. But the advisory group, Institutional Shareholder Services, said it has "significant concerns" about the size of stock grants awarded to Satya Nadella, who was named CEO in February. The group also cited plans to award future stock grants without setting what it considers adequate performance standards.

Nadella's pay largely consists of stock grants that won't vest for several years. Microsoft said the grants are an incentive for strong performance. Microsoft said shareholders approved the deal at the company's annual meeting Wednesday but detailed voting results were not immediately available.


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Microsoft's Nadella gets $84M pay package

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Dec 03, 2014
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cjn
Dec 03, 2014
The MS shareholders did not approve $84B for the CEO, they approved $84M. Not that any one person's work is worth $84M, but that is a thousand fold error.

Dec 03, 2014
Pretty sad, huh!?
This guy re-states an article, from October
and still gets his facts wrong.
Even with correct facts, it's still a waste of time.

Dec 04, 2014
I think I would have waited until he's demonstrated utility. Granted he's encumbered with non-starters like Windows 8, the surface, and the phone.

I'd like to know who approved the Christmas ad campaign featuring a MacBook Air drinking the Surface Pro kool-aid. I think there are going to be a lot of unhappy gift recipients this year. As in "Oh! The perfect gift for my child/grandchild. And so much less expensive too!"

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