In the fiscal year 2016, the company recorded a net income of $16.8 billion, revenue of $85.3 million. Windows 10 sales, reflected by non GAAP revenue, went up to a total of $92 billion.
The executives of the company are always under pressure and do a lot of work to keep the company going. As a result of their hard work, the company awarded 5 of their executives a large amount of money ‘for their troubles’
Satya Nadella, the Chief Executive Officer (CEO) has a base salary of $1.2 million. On top of that, the board felt that he had done an exceptional job and as a result, he was awarded a $4.5 million bonus and was also awarded $12 million in stock awards. B Kevin Turner, the former chief operating officer of the company was also awarded a cash incentive of $2.4 million, stock awards worth $9.5 million adding his annual salary to a total of almost $13 million.
The company also reported, in a proxy statement, that Amy E Hood, their executive vice president and chief financial officer, took home a total of $10.3 million as a package and Bradford L. Smith, the company’s president, chief legal officer and chief compliance officer, got $8.6 million. The executive vice president of Business Development Margaret L. Johnson received a total of $6.7 million.
The five of the executives took home a total of $56.4 million with the company’s chief executive officer taking home the largest amount ($18 million). Once Nadella was promoted to his Chief Executive Officer position, he was promised a longterm stock award totalling up to $59.2 million as long as he remains CEO.
In the fiscal year 2014, Nadella’s base salary totalled up to $919,000. He was awarded a total of $80 million in stock awards even though he didn’t have access to the whole amount at the time. He also earned a total bonus of $3.6 million. In that fiscal year, the cash bonus totalled up to a staggering 141 percent of his targeted award.
In the fiscal year 2015, he was awarded 120 percent of his targeted annual cash award which was valued at $4.3 million. In that year, his total earnings were more than $18 million which means he also received a $12.8 million stock award and a $1.2 million base salary.
The company has also let go a total of 520 jobs in one month. That month’s cut jobs left London, Redmond and Washington offices most affected. The company had announced a workforce cut of 1850 jobs. The company has also announced that there will be an additional 2850 jobs to be lost.
The company, however, has appreciated their executives with a huge incentive.
