Microsoft boss given pay package worth $84.3mlnOctober 21, 2014 - 15:08 AMT PanARMENIAN.Net - Microsoft boss Satya Nadella has been given a pay package worth $84.3mln, making him one of the top earners in the tech industry, according to BBC News. The total pay package is largely made up of share awards, and most of the payments will be made over several years. News of the package comes less than a month after Nadella advised women not to ask for a pay rise but to have "faith in the system". He later apologized for the remark. In a regulatory filing, Microsoft said the promotion of Nadella had meant it had a chief executive without a major equity stake in the firm for the first time. Its previous chief executives, Bill Gates and Steve Ballmer, both had multi-billion dollar holdings in the company. "In approving the initial annual total compensation opportunity for Nadella, our board was mindful of both the fierce competition for talented executives in the technology sector and the demands on and responsibilities of the leader of a global organization with the scope and stature of Microsoft," it said in the filing. Excluding the long-term share awards, Nadella's pay package for this year totals $11.6mln. Nadella was named as chief executive in February, and is only the third chief executive in the firm's history. Photo: Corbis Related links: Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |