News Column

It's Nadella buzz in cyber world

February 6, 2014

"Hyderabad-born Satya Nadella swept the cyber world with nearly half-a-billion search results thrown up even as he became toast of the social networking sites abuzz with news of him being named as Microsoft CEO.

Search words 'Satya Nadella' in Google search box produced over 440 million results in half a second. Google news propped up 12.8 million news articles featuring the 46-year-old in just 0.14 second. Right now, it appears he is only third after the US President Barack Obama, who attracted about 650 million results and Bill Gates (about 480 million), in the virtual world.

While Indian business icon Ratan Tata fetched nearly four million results, Indian-American Indra Nooyi, chairperson and CEO of PepsiCo, had less than one million search results on Google.

A page opened just a few hours ago in the name of Nadella on Facebook saw over 30,000 likes in the afternoon and was flooded with wishes for his role as CEO.

Microsoft's official blog said on Tuesday morning, the Studio D building at Microsoft resembled a mini-version of Seattle's Century Link Field, as hundreds of Microsoft employees swarmed around a small stage and craned their necks over three floors of balconies and stairwells, raising voices and clapping hands to welcome the company's third CEO, Satya Nadella and to honour the previous two CEOs, Steve Ballmer and Bill Gates.

Satya's salary and pay package

Satya Nadella will get a base annual salary of $1.2 million as new CEO of Microsoft, but his overall package after taking into account bonus and stock awards may reach $18 million (Rs 112 crore) a year besides various other perks.

As per his new employment agreement, the Indian-origin CEO of $78-billion software major will be paid his salary on "semi-monthly" basis at an annual rate of $1.2 million (Rs 7.5 crore).

Nadella would also be eligible for a cash bonus, which can range from zero to 300 per cent, resulting into total payout of up to $3.6 million.

Besides, he would get stock awards to the tune of $13.2 million, taking the total package to $18 million.

According to Microsoft's offer letter to Nadella "for Microsoft's 2014 and 2015 fiscal years, your annual cash award target will be 300 per cent of your salary earned as CEO during the fiscal year.

"Your actual cash award can be from 0-300 per cent of the target and will be based on your performance as evaluated by the Board," the letter said, a copy of which has be which has been submitted to the US market regulator SEC also.

Going by reports, Nadella pocketed a cash bonus of $1.6 million last year. To further align Nadella's interests with the long-term performance of Microsoft, he would be granted Long-Term Performance Stock Awards.


Credit:dna correspondent

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Source: DNA : Daily News & Analysis (India)

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