(Image source from: REUTERS)

Microsoft CEO Satya Nadella received a pay package worth $79.1 million in fiscal 2024 as the software maker looks to build its strength in artificial intelligence tools. This value has increased by 63% compared to the previous year. About 90 percent of Mr. Nadella's compensation for the fiscal year ending in June came from Microsoft stock, the company said in a regulatory filing on Thursday. It's his biggest bonus since Microsoft paid him $84 million in 2014, when he became the company's third chief executive. Microsoft's executive compensation committee said Thursday that Mr. Nadella would not have to take a pay cut for changes the company is making to address cybersecurity risks.

The Board has reviewed the Company's performance and recognizes Mr. Nadella's outstanding leadership and continued commitment to investment and continued realignment of priorities, as well as the significance of the Company's very strong performance. This is what Microsoft's executive compensation committee wrote. . According to the filings, CFO Amy Hood's annual salary increased 30 percent compared to last year, reaching $25.8 million. President Brad Smith's income rose 29% to $23.4 million.