Satya Nadella, whose salary ballooned to $55 million last year, wrote to employees: “As a senior leadership team, we don’t take this decision lightly.'
News of Microsoft’s decision was relayed to managers in an email from CEO Satya Nadella, whose yearly salary ballooned by 10% toreports. According to the email, Nadella informed managers that raises would not be granted to full-time employees this year, but hourly employees are still eligible to receive increased compensation.
Likewise, the CEO wrote that while bonuses and stock awards are still on the table, they will not be “overfunded,” and employees will still be able to pursue promotions within the company.“As a senior leadership team, we don’t take this decision lightly having considered it over several months, and believe it is necessary to prepare the company for long term success,” Nadella wrote in the email, as quoted in Insider.
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