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Omaha Steve

(99,718 posts) Wed Dec 3, 2014, 04:48 PM Dec 2014

Microsoft shareholders approve $84 million CEO pay

Source: AP-Excite

By BRANDON BAILEY

SAN FRANCISCO (AP) — Microsoft shareholders have approved an $84 million pay package for new CEO Satya Nadella, despite concerns raised by an investor advisory group.

The tech giant has seen strong financial performance and its stock is up roughly 30 percent for the year. But the advisory group, Institutional Shareholder Services, said it has "significant concerns" about the size of stock grants awarded to Satya Nadella, who was named CEO in February. The group also cited plans to award future stock grants without setting what it considers adequate performance standards.

Nadella's pay largely consists of stock grants that won't vest for several years. Microsoft said the grants are an incentive for strong performance. Microsoft said shareholders approved the deal at the company's annual meeting Wednesday but detailed voting results were not immediately available.

Microsoft CEO Satya Nadella speaks at Microsoft Corp.'s annual shareholders meeting in Bellevue, Wash. on Wednesday, Dec. 3, 2014. The annual meeting was Nadella's first as head of Microsoft. (AP Photo/Ted S. Warren)

Read more: http://apnews.excite.com/article/20141203/us-tec--microsoft_ceo_pay-23b6fa830e.html

Meanwhile the kids in China commit suicide.....

13 replies

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Microsoft shareholders approve $84 million CEO pay (Original Post) Omaha Steve Dec 2014 OP

"Meanwhile the kids in China commit suicide....." Spitfire of ATJ Dec 2014 #1

No one deserves or needs this pay scale. mahannah Dec 2014 #2

They aren't CEOs long typically yeoman6987 Dec 2014 #3

Most would be happy to struggle along on that pay - even at termination. mahannah Dec 2014 #8

Shareholders means Ballmer and Gates fasttense Dec 2014 #4

Hope this guy is more forward thinking than the last guy. onehandle Dec 2014 #5

So one guy is worth more to Microsoft than over 900 engineers?????? groundloop Dec 2014 #6

400 engineers hugo_from_TN Dec 2014 #12

Because you can't get anyone decent for $16million One_Life_To_Give Dec 2014 #7

It's still ut oh Dec 2014 #9

Disgusting. These are the lethal parasites of our society. PSPS Dec 2014 #10

Message auto-removed Name removed Dec 2014 #11

How obscene n/t OhioChick Dec 2014 #13

Spitfire of ATJ

(32,723 posts)

1. "Meanwhile the kids in China commit suicide....."

Reply to Omaha Steve (Original post)

Wed Dec 3, 2014, 04:53 PM

Dec 2014

So do some of the people writing code at Microsoft.

mahannah

(893 posts)

2. No one deserves or needs this pay scale.

Reply to Omaha Steve (Original post)

Wed Dec 3, 2014, 05:01 PM

Dec 2014

yeoman6987

(14,449 posts)

3. They aren't CEOs long typically

Reply to mahannah (Reply #2)

Wed Dec 3, 2014, 05:05 PM

Dec 2014

Yes Microsoft is up 30 percent this year, but if it doesn't do well next year. He is out of a job. Most of that money is in stock options.

mahannah

(893 posts)

8. Most would be happy to struggle along on that pay - even at termination.

Reply to yeoman6987 (Reply #3)

Wed Dec 3, 2014, 07:14 PM

Dec 2014

fasttense

(17,301 posts)

4. Shareholders means Ballmer and Gates

Reply to Omaha Steve (Original post)

Wed Dec 3, 2014, 05:21 PM

Dec 2014

Steven Ballmer and Bill Gates have approved his excessive pay. They own most of the voting shares (because 401s and retirement investments rarely vote as a group), so those 2 men are making all the decisions about the corporation. So don't blame the vague and ill defined "shareholders", blame Ballmer and Gates.

It's idiots like them that are destroying this country.

onehandle

(51,122 posts)

5. Hope this guy is more forward thinking than the last guy.

Reply to Omaha Steve (Original post)

Wed Dec 3, 2014, 06:18 PM

Dec 2014

Bill Gates' college roommate set them back ten years in technology.

Google, who has the technological savvy of any sweaty ad spammer, passed them.

Of course Google's thief in chief had help sitting on Apple's board before Jobs tossed his ass out.

groundloop

(11,523 posts)

6. So one guy is worth more to Microsoft than over 900 engineers??????

Reply to Omaha Steve (Original post)

Wed Dec 3, 2014, 07:02 PM

Dec 2014

THAT is messed up. Nobody is worth that much to a company, and this is exactly why the rich should be highly taxed.

hugo_from_TN

(1,069 posts)

12. 400 engineers

Reply to groundloop (Reply #6)

Thu Dec 4, 2014, 01:39 AM

Dec 2014

~200K for a US engineer (full compensation)

One_Life_To_Give

(6,036 posts)

7. Because you can't get anyone decent for $16million

Reply to Omaha Steve (Original post)

Wed Dec 3, 2014, 07:09 PM

Dec 2014

I bet there are atleast 100 people who could do an equally good job. And half of them would work for 10% of that. But I guess free market capitalism doesn't apply to CEO's.