Microsoft CEO Satya Nadella has been given a pay package worth $84.3 million, making him one of the top earners in the tech industry.
The total pay package is largely made up of share awards, and most of the payments will be made over several years.
News of the package comes less than a month after Satya Nadella advised women not to ask for a pay rise but to have “faith in the system”.
He later apologized for the remark.
Microsoft CEO Satya Nadella has been given a pay package worth $84.3 million
In a regulatory filing, Microsoft said the promotion of Satya Nadella had meant it had a chief executive without a major equity stake in the firm for the first time.
Microsoft previous chief executives, Bill Gates and Steve Ballmer, both had multi-billion dollar holdings in the company.
“In approving the initial annual total compensation opportunity for Mr. Nadella, our board was mindful of both the fierce competition for talented executives in the technology sector and the demands on and responsibilities of the leader of a global organization with the scope and stature of Microsoft,” it said in the filing.
Excluding the long-term share awards, Stya Nadella’s pay package for this year totals $11.6 million.
Satya Nadella was named as chief executive in February, and is only the third chief executive in the company’s history.
Microsoft CEO Satya Nadella has apologized for remarks he made advising women not to ask for a pay rise but to have “faith in the system”.
At a conference to celebrate women in technology, Satya Nadella suggested that women not asking for a rise were “good karma”.
The comments sparked outrage and Satya Nadella has now apologized.
In an email to Microsoft staff, Satya Nadella said he answered the question “completely wrong” and “wholeheartedly” supported programs to close the pay gap.
At the conference, called the Grace Hopper Celebration of Women in Computing, the Microsoft boss said: “It’s not really about asking for the raise, but knowing and having faith that the system will actually give you the right raises as you go along.
“Because that’s good karma. It’ll come back because somebody’s going to know that’s the kind of person that I want to trust.”
Microsoft CEO Satya Nadella has apologized for remarks he made advising women not to ask for a pay rise
The interviewer at the event, Maria Klawe, president of Harvey Mudd College and a Microsoft director, immediately disagreed with him. Instead, she suggested women do their homework on salary levels and then practice asking for pay rises.
The comments caused a furor on Twitter and Saty Nadella later tweeted that he was “inarticulate” in his answer about how women should ask for a pay increase.
That was then followed up with an email to staff in which he said: “Maria asked me what advice I would offer women who are not comfortable asking for pay raises. I answered that question completely wrong.
“Without a doubt, I wholeheartedly support programs at Microsoft and in the industry that bring more women into technology and close the pay gap. I believe men and women should get equal pay for equal work.
“And when it comes to career advice on getting a raise when you think it’s deserved, Maria’s advice was the right advice. If you think you deserve a raise, you should just ask.”
Indian-born Satya Nadella became Microsoft CEO earlier this year, taking over from Steve Ballmer.
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