Microsoft's executives take big hits to compensation due to missing targets: Satya (-11%), Brad Smith (-23%) Amy Hood (-24%)

Heisenberg007

Heisenberg007

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  • Satya Nadella's 2023 compensation was $48,512,537 down from 2022's $54,946,310 compensation.
  • Other C-suite members were hit even harder like Amy Hood and Brad Smith losing between 22-24%.
  • The compensation amount for Satya Nadella is still 250-1 for the CEO-to-employee pay ratio.
Every year Microsoft is required to submit a regulatory filing that includes compensation for its CEO and other top executives. In the most recent regulatory filing for fiscal year 2023 submitted by Microsoft, we are able to see that Microsoft's C-suite has had a substantial reduction in its compensation over fiscal year 2022. This was mostly due to the company missing several of its financial targets for the year.

~12 months ago, we learned that Xbox Game Pass missed its financial growth target for the second year in a row.

https://www.eurogamer.net/microsoft-misses-xbox-game-pass-growth-target-for-second-year-running

We have a breakdown of the compensation numbers and what it means on a larger scale.

How much does Microsoft CEO Satya Nadella make?​

Microsoft CEO Satya Nadella made $48,512,537 down from $54,946,310 the prior year an astounding 250 to 1 ratio compared to the average Microsoft employee. Speaking of the average Microsoft employee, we recently reported on the new hire salary for several Microsoft positions. The other executives named in the filing document also had substantial decreases in their compensation.

  • Satya Nadella FY2023 compensation - $48,512,537, FY2022 - $54,946,310, FY2021 - $49,858,280
  • Amy Hood FY2023 compensation - $19,902,897, FY2022 - $26,466,141, FY2021 - $23,466,141
  • Judson Althoff FY2023 compensation - $16,204,718 FY2022 - $18,848,998, FY2021 - N/A
  • Bradford Smith FY2023 compensation - $18,115,690 FY2022 - $23,408,739, FY2021 - $20,455,896
  • Christopher Young FY2023 compensation - $9,815,914 FY2022 - $11,270,458, FY2021 - $28,495,083
Satya Nadella lost 11.2% over last year, Amy Hood is down 24.4%, and Brad Smith 22.6% over their fiscal year 2022 compensation, and this is being caused by the company missing some of its financial goals.

Earlier, Microsoft laid off 10,000 employees.

In other news, Satya Nadella reiterated in a Business Insider interview that they'll continue doubling down on game development and publishing.

“When I think about Microsoft, I think of perhaps developer tools, proprietary software, and gaming,” the executive said. "Those are three things that we’ve done from the very beginning.”

“The way games are made, the way the games are delivered, is changing radically. Whether it’s mobile, or consoles, or PCs, or even the cloud. So, we’re looking forward to really doubling down both as a game producer and a publisher,” he said.

Source.
 
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Gods&Monsters

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Do we know if game pass missed the target for a third year? When are we going to know that?
 
shrike0fth0rns

shrike0fth0rns

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Heisenberg007 said:
  • Satya Nadella's 2023 compensation was $48,512,537 down from 2022's $54,946,310 compensation.
  • Other C-suite members were hit even harder like Amy Hood and Brad Smith losing between 22-24%.
  • The compensation amount for Satya Nadella is still 250-1 for the CEO-to-employee pay ratio.
Every year Microsoft is required to submit a regulatory filing that includes compensation for its CEO and other top executives. In the most recent regulatory filing for fiscal year 2023 submitted by Microsoft, we are able to see that Microsoft's C-suite has had a substantial reduction in its compensation over fiscal year 2022. This was mostly due to the company missing several of its financial targets for the year.

~12 months ago, we learned that Xbox Game Pass missed its financial growth target for the second year in a row.

https://www.eurogamer.net/microsoft-misses-xbox-game-pass-growth-target-for-second-year-running

We have a breakdown of the compensation numbers and what it means on a larger scale.

How much does Microsoft CEO Satya Nadella make?​

Microsoft CEO Satya Nadella made $48,512,537 down from $54,946,310 the prior year an astounding 250 to 1 ratio compared to the average Microsoft employee. Speaking of the average Microsoft employee, we recently reported on the new hire salary for several Microsoft positions. The other executives named in the filing document also had substantial decreases in their compensation.

  • Satya Nadella FY2023 compensation - $48,512,537, FY2022 - $54,946,310, FY2021 - $49,858,280
  • Amy Hood FY2023 compensation - $19,902,897, FY2022 - $26,466,141, FY2021 - $23,466,141
  • Judson Althoff FY2023 compensation - $16,204,718 FY2022 - $18,848,998, FY2021 - N/A
  • Bradford Smith FY2023 compensation - $18,115,690 FY2022 - $23,408,739, FY2021 - $20,455,896
  • Christopher Young FY2023 compensation - $9,815,914 FY2022 - $11,270,458, FY2021 - $28,495,083
Satya Nadella lost 11.2% over last year, Amy Hood is down 24.4%, and Brad Smith 22.6% over their fiscal year 2022 compensation, and this is being caused by the company missing some of its financial goals.

Earlier, Microsoft laid off 10,000 employees.

In other news, Satya Nadella reiterated in a Business Insider interview that they'll continue doubling down on game development and publishing.

“When I think about Microsoft, I think of perhaps developer tools, proprietary software, and gaming,” the executive said. "Those are three things that we’ve done from the very beginning.”

“The way games are made, the way the games are delivered, is changing radically. Whether it’s mobile, or consoles, or PCs, or even the cloud. So, we’re looking forward to really doubling down both as a game producer and a publisher,” he said.

Source.
Click to expand...
Satya also had gamepass growth removed from his performance based pay metric. After 2yrs of stagnation and not meeting growth targets that performance metric was dropped. What happened to gamepass being the future? Not even the execs believe in it enough to tie their compensation to it.
 
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Sircaw

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Heisenberg007 said:
  • Satya Nadella's 2023 compensation was $48,512,537 down from 2022's $54,946,310 compensation.
  • Other C-suite members were hit even harder like Amy Hood and Brad Smith losing between 22-24%.
  • The compensation amount for Satya Nadella is still 250-1 for the CEO-to-employee pay ratio.
Every year Microsoft is required to submit a regulatory filing that includes compensation for its CEO and other top executives. In the most recent regulatory filing for fiscal year 2023 submitted by Microsoft, we are able to see that Microsoft's C-suite has had a substantial reduction in its compensation over fiscal year 2022. This was mostly due to the company missing several of its financial targets for the year.

~12 months ago, we learned that Xbox Game Pass missed its financial growth target for the second year in a row.

https://www.eurogamer.net/microsoft-misses-xbox-game-pass-growth-target-for-second-year-running

We have a breakdown of the compensation numbers and what it means on a larger scale.

How much does Microsoft CEO Satya Nadella make?​

Microsoft CEO Satya Nadella made $48,512,537 down from $54,946,310 the prior year an astounding 250 to 1 ratio compared to the average Microsoft employee. Speaking of the average Microsoft employee, we recently reported on the new hire salary for several Microsoft positions. The other executives named in the filing document also had substantial decreases in their compensation.

  • Satya Nadella FY2023 compensation - $48,512,537, FY2022 - $54,946,310, FY2021 - $49,858,280
  • Amy Hood FY2023 compensation - $19,902,897, FY2022 - $26,466,141, FY2021 - $23,466,141
  • Judson Althoff FY2023 compensation - $16,204,718 FY2022 - $18,848,998, FY2021 - N/A
  • Bradford Smith FY2023 compensation - $18,115,690 FY2022 - $23,408,739, FY2021 - $20,455,896
  • Christopher Young FY2023 compensation - $9,815,914 FY2022 - $11,270,458, FY2021 - $28,495,083
Satya Nadella lost 11.2% over last year, Amy Hood is down 24.4%, and Brad Smith 22.6% over their fiscal year 2022 compensation, and this is being caused by the company missing some of its financial goals.

Earlier, Microsoft laid off 10,000 employees.

In other news, Satya Nadella reiterated in a Business Insider interview that they'll continue doubling down on game development and publishing.

“When I think about Microsoft, I think of perhaps developer tools, proprietary software, and gaming,” the executive said. "Those are three things that we’ve done from the very beginning.”

“The way games are made, the way the games are delivered, is changing radically. Whether it’s mobile, or consoles, or PCs, or even the cloud. So, we’re looking forward to really doubling down both as a game producer and a publisher,” he said.

Source.
Click to expand...
Imagine their poor kids at Christmas, i feel for them, having to degrade the quality of their presents due to those reductions in compensation.

Microsoft should be ashamed of themselves.

Sad Baby GIF
 
Puff

Puff

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Microsoft drops Game Pass growth target for CEO compensation​

Satya Nadella's performance-based pay targets were tied to overall Xbox growth in 2023 but games division fell short
For the first time in three years, Microsoft CEO Satya Nadella's pay targets did not include a specific growth milestone for Xbox Game Pass.

A Microsoft SEC filing, spotted by Axios, instead shows Nadella's only games-related performance-based incentive for the fiscal year ended June 30, 2023 was to grow Xbox Content and Services revenue by 4.4%.

Over 95% of Nadella's annual target compensation opportunity is performance-based.

The Xbox target only accounted for 10% of his performance-based pay targets, with the largest category being to grow Microsoft's cloud revenue, which was weighted at 30%.

Xbox's revenues did not meet the 4.4% growth target, instead only growing by 0.7%.

Axios' analysis shows that Nadella previously had targets based on the subscriber growth of Xbox Game Pass.

Last year, Microsoft aimed for 73% growth in Game Pass subscribers, but the actual result was 28%.

The filing lists Nadella's total cash and stock compensation for the twelve months ended June 30, 2023 at $48.5 million. Axios noted this is down from $54.9 million in the previous year.
Click to expand...
www.gamesindustry.biz

Microsoft drops Game Pass growth target for CEO compensation

Sign up for the GI Daily here to get the biggest news straight to your inbox For the first time in three years, Microso…
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