Boston, MA 02/05/2014 (wallstreetpr) – Satya Nadella has taken up a post he might not have seen coming in his 22 years with Microsoft Corporation (NASDAQ:MSFT).The new post comes with a bumper pay sure to make Satya even happier but the challenges he faces in the coming days might determine if he gets to enjoy it. According to reliable sources, Nadella annual pay will stand at $1.2 million and will rise even higher as bonuses and stock awards start trickling in. This is one of the best news that should give the cricket loving CEO a reason to work even harder to propel MSFT to higher heights.
Nadella salary package
Nadella salary will be paid semi-annually with the 46 year old being eligible for cash bonuses that may mount from 0 to 300% determined by the company’s Executive Incentive Program. This would essentially result in his total annual package rising to highs of $3.6 million. The bumper pay will further be bolstered with stock awards in the tune of $13.2 million. Nadella has all the reasons to smile about having been paid a total of $675,000 in F2013 whilehe was heading the firm’s servers and tools business. Nadella seems to have beaten competition from Ford Motor Company (NYSE:F) CEO Alan Mulaly who was thought to be in running for the top post although Microsoft Corporation (NASDAQ:MSFT) opted to go for an insider
What is expected of Nadella at his new posting in MSFT?
Nadella has received all the backing that he could have wished to get from the MSFT co- founder Bill Gates who has opted to step down to support him in the effort of shaping technology and service delivery of Microsoft Corporation (NASDAQ:MSFT). The greatest hurdle that Nadella will be facing as soon as he sits on the CEO chair revolves around thriving Microsoft in a mobile and cloud industry that it has been facing challenges in the recent past.
Cloud computing previously under Nadella leadership saw revenues soar up from annual revenue of $19 billion to highs of $78 billion. It would be brilliant if Nadella did the same with the mobile sector that has been experiencing immense challenges and fierce competition in the market. This basically involves changing the fortunes of their new acquisition Nokia Corporation (ADR) (NYSE:NOK). Many research Firms have given thumps up to the appointment of Nadella as they see him as the right person to change the fortunes of Microsoft Corporation (NASDAQ:MSFT).
