Investor Pushback: Microsoft Shareholder Opposes Nadella’s $96.5M Pay Hike

The vote took place at Microsoft’s annual shareholder meeting, where the fund opposed Nadella’s dual role as CEO and board chair, arguing that combining leadership positions undermines governance standards. Despite this opposition, shareholders overwhelmingly approved Nadella’s package, which includes $84 million in stock awards, $9.5 million in cash incentives, and a $2.5 million base salary.  

Notable updates  
• Nadella’s total compensation rose 22% to $96.5 million in 2025  
• Norway’s Sovereign Wealth Fund opposed both his pay and board chair role  
• Concerns centered on governance transparency and restraint in executive remuneration  
• Microsoft board defended Nadella’s pay citing strong financial results and AI progress  
• Shareholders overall supported Nadella’s leadership despite investor pushback  

Major takeaway  
The clash highlights intensifying scrutiny of executive pay and governance at tech giants, even as shareholders continue to reward leaders driving innovation and profitability.  

Sources: Reuters, Bloomberg, Times of India, Moneycontrol