Microsoft CEO Indian-American Satya Nadella, who hails from Hyderabad has earned $11.6 million in 2014, but thanks to his “good Karma” he would be earning $80 million now.
Nadella’s earnings come from Microsoft’s cloud and enterprise operations division before he became CEO in February, the Seattle Times reported citing company’s pre-statement filed on Monday with the regulator US Security and Exchange Commission with the firm’s fiscal year from July 1 to June 30.
Nadella’s salary includes $918,917 in base pay, a $3.6 million cash award and annual stock awards worth $79.78 million, including the $7.09 million he actually received in fiscal year 2014. His compensation in fiscal year 2013 was $7.67 million. However, Nadella’s compensation package for fiscal year 2015, his first full year as CEO, could see him earning up to $18 million, Seattle Times reported.
Nadella who has stirred controversy over his controversial comments on women in tech, saying that women should have “faith that the system will actually give you the right raises as you go along.” He soon retracted and apologised on Monday clarifying that Microsoft has no gender gap between men and women on salary. But the controversy fails to leave him in peace as he was bombarded with questions again at an event in San Francisco to pitch his company’s cloud services.
With 29% women workforce, Microsoft employs only 17% in technology. CNET reported recently that in September women in tech firms earned $6,358 less than their male counterparts, while women with at least one child earn $11,247 less than everyone else.
“I was insensitive to the broader context,” Nadella said Monday. “It turns out that we are in good shape on that, but that doesn’t really capture the essence… and that is equal opportunity.”
“We have a lot more to do,” Nadella was quoted as saying by CNET. “How do we get women to come back after they’ve taken a break?” he added, leaving it open-ended.
In another interview with CNBC, Nadella said he “was completely wrong in the answer” he gave to the question about women “Because I basically took my own approach, to how I’ve approached my career and sprung it on half the humanity.”
“And that was just insensitive… I just gave a very generic answer – based on, quite frankly, what I’ve believed and how I’ve practiced and lived my life – without thinking through, what if someone was faced with bias in their career?” he said.
“How would they feel by sort of getting advice that says, ‘Be passive’? . [I]n the face of bias, the last thing I want anyone is to be passive,” Nadella said.