Microsoft CEO Satya Nadella received a big pay increase for the latest fiscal year. The executive was paid $42.9 million--including his salary and stock options--for the latest fiscal year that ended on June 30. That is a big increase (66 percent) from the previous year.

　　All of this information was posted publicly in Microsoft's latest annual proxy statement filed with the United States Securities & Exchange Commission and reported on by CNBC.

　　You need a javascript enabled browser to watch videos.

　　Click To Unmute

　　Thompson: The Pop Culture Icon’s Strange Legacy - Loadout

　　Firearms Expert’s FAVORITE Weapons Of 2023State Of Gaming Handhelds In 2023How Lies of P Cracked the Souls GenreLike a Dragon: Infinite Wealth - Official Ichiban Kasuga Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Chitose Fujinomiya Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Saeko Mukoda Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Eric Tomizawa Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Kazuma Kiryu Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Seonhee Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Koichi Adachi Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Yu Nanba Character Spotlight Trailer

　　Share

　　LinkEmbed

　　Size:640 × 360480 × 270

　　Start at: End at: Autoplay Loop

　　Want us to remember this setting for all your devices?

　　Sign up or Sign in now!

　　Please use a html5 video capable browser to watch videos.

　　This video has an invalid file format.

　　00:00:00

　　HTML5

　　Auto HD High Low

　　Report a problem

　　Sorry, but you can't access this content!

Please enter your date of birth to view this video

　　By clicking 'enter', you agree to GameSpot's

　　Terms of Use and Privacy Policy

　　enter

　　Now Playing: Project Scarlett And Halo Infinite Full Event | Microsoft Press Conference E3 2019

　　As CNBC reminds us, Nadella earned $84.3 million during the fiscal year 2014, which was when he took on the role of CEO following Steve Ballmer.

　　Nadella's base salary went up by $1 million to $2.5 million for the latest fiscal year, while his stock awards also improved. Explaining the increases to Nadella's overall pay package, Microsoft said, "Mr. Nadella's strategic leadership, including his efforts to strengthen trust with customers, drive for a company-wide culture change, and successful entry and expansion into new technologies and markets."

　　Microsoft's proxy statement explains that it determines pay scales for its executive officers in an effort to "attract, motivate, and retain the key executives who drive our success and industry leadership while considering individual and Company performance and alignment with the long-term interests of our shareholders."

　　When determining pay rates, Microsoft's executive compensation committee looks into a number of factors, including third-party compensation surveys and public data from other, similar companies. Additionally, pay is determined by role and responsibility.

　　Executives can also receive performance-based bonuses, with different business categories weighted differently, seemingly as a method to motivate executives to hit certain milestones. Given that Nadella's base salary is $2.5 million, he earns most of his money from stock rewards and other bonuses.

　　Nadella's increased pay package comes amid booming business for Microsoft. In 2018, the company temporarily overtook Apple to become the highest-valued pubic company on Earth. Microsoft became a trillion-dollar company in April, and the valuation has stayed that high throughout the year.

　　Xbox hardware sales are slowing down, but things might turn around in the next year as the company is expected to release a next-generation console with Halo Infinite as a launch title in Holiday 2020.