Microsoft Corp. chief executive Satya Nadella will be receive a total compensation package of US$84.3 million this year, making him one of the biggest earners in the technology sector.
The money mostly comes from the estimated value of certain one-stock awards after he became chief executive in February, Reuters reported Tuesday, citing a regulatory filing.
Nadella cannot receive most of it until 2019.
The massive stock awards, valued at a combined US$79.8 million, were designed to keep Nadella at Microsoft while the company was looking for a new chief, and to give him long-term incentives as its news leader.
Large stock awards have not been necessary for Microsoft’s previous two chief executives — Bill Gates and Steve Ballmer — as both had multi-billion dollar holdings in the company.
Nadella’s compensation will become more modest, with “total target compensation” for fiscal 2015 set at US$18 million, the report said.
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