Microsoft’s Top Compensated Execs In 2022; Satya Nadella Leads With $55M
Wade Tyler Millward
Microsoft CEO Satya Nadella’s total compensation was $54.9 million for the fiscal year, about 10 percent more year over year.
Chris Young, Microsoft’s executive vice president for business development, strategy and ventures, reported total compensation of $11.7 million, about 59 percent less than his pay package the year prior.
Less money in his bonus for the year and lesser value in his stock awards contributed to Young’s lower overall pay package.
The pay package included base pay of $850,000, according to Microsoft. That’s about 57 percent above his base salary the year prior.
Young received a bonus of $1.5 million, part of his on-hire bonus, according to Microsoft. The year before, he received $3.5 million in his on-hire bonus.
“This installment is repayable to Microsoft if Mr. Young resigns his employment, or his employment is terminated for ‘misconduct’ prior to the second anniversary of his employment start date,” according to Microsoft.
His stock awards amounted to a value of $7.1 million, according to Microsoft. The year prior, they were valued at $22.6 million and included an on-hire stock award valued at $17.5 million.
His non-equity incentive plan compensation was $2.1 million, above the $1.8 million he received in 2021.
And Young received $105,000 in “other compensation,” about 50 percent higher than his “other compensation” from the year prior.
Other compensation included about $12,000 in retirement plan contributions and 401(k) plan matching plus $93,000 in charitable gifts and matching charitable contributions.
Young’s accomplishments for the fiscal year included leading “efforts to identify new categories of future growth for Microsoft in partnership with Senior Leadership Team peers, as well as through investments via the M12 Venture Fund,” according to the compensation committee.
He also played major roles in the Xandr acquisition and partnership with Netflix as its global advertising technology and sales partner, among other accomplishments, according to Microsoft.
Microsoft hired Young, former CEO of McAfee, in 2020.