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The Pay Check: Microsoft CEO's fiscal 2017 compensation increases to $20M


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The Pay Check: Microsoft CEO's fiscal 2017 compensation increases to $20M

Thanks largely to nonequity incentive plan compensation of about $7.0 million, Microsoft Corp. CEO Satya Nadella's fiscal 2017 total compensation increased to $20.0 million from $17.7 million in fiscal 2016 and $18.3 million in fiscal 2015.

Nadella's 2017 pay package also included about $1.5 million in salary and $11.4 million in stock awards, according to an Oct. 16 SEC filing. The CEO did not receive any nonequity incentive plan compensation in the last two fiscal years.

CFO Amy Hood saw her paycheck rise to roughly $11.6 million in fiscal 2017, compared to her fiscal 2016 compensation of about $10.4 million. She was paid $7.0 million in stock awards and $3.6 million in nonequity incentive plan compensation in fiscal 2017.

Jean-Philippe Courtois, president of global sales, marketing and operations, took home roughly $18.3 million, including $14.7 million in stock awards and $2.8 million in nonequity incentive plan compensation.

President and Chief Legal Officer Bradford Smith's fiscal 2017 pay package amounted to $10.3 million, including about $6.2 million in stock awards and $3.2 million in nonequity incentive plan compensation. Smith earned $8.6 million in fiscal 2016.

Hood and Smith also did not earn any nonequity incentive plan compensation in fiscal 2016 and 2015, according to the filing.

In other compensation news:


* Gregory Fink, who was promoted to CFO and treasurer of comScore Inc., will get an annual base salary of $390,000 and will be awarded a one-time signing bonus of $800,000 of restricted stock units. He will be eligible to receive a pro-rated bonus for 2017 at the target of 75% of his base salary for 2017. Further, Fink will be eligible to participate in a short-term incentive program with a target equivalent to 75% of his base salary, the company said in an Oct. 18 SEC filing.

* Brian Napack, who will become John Wiley & Sons Inc.'s president and CEO, effective Dec. 4, will be paid an annual salary of $900,000, with a target incentive equal to 150% of his base salary, according to an Oct. 17 SEC filing. His target incentive for fiscal 2018 will be prorated based on his date of employment and he will be entitled to a minimum bonus equaling 50% of his base salary. Napack's targeted long-term incentive for the fiscal years 2018 to 2020 performance cycle is equal to 300% of his base salary or $2.7 million, with 60% of the incentive value to be delivered in the form of target performance share units and 40% in restricted share units. Napack will also receive a sign-on grant of restricted share units, with a grant value of $4.0 million, converted to shares using the company's class A closing stock price as of Dec. 4.

* Amanda Ginsberg, who will take over as CEO of Match Group Inc. starting Jan. 1, 2018, will be awarded 100,000 restricted stock units, which will vest in equal installments on the third and fifth anniversaries of the grant date. The company's board also approved an award of 850,000 company stock options that vest in equal installments on the first four anniversaries of the grant date, subject to Ginsberg's continued employment, according to an Oct. 5 SEC filing.


* Cincinnati Bell Inc.'s board on Oct. 10 approved the appointment of Shannon Mullen to the position of vice president and corporate controller. As Vice President and Corporate Controller, Mullen will serve as the chief accounting officer for the company, as per an Oct. 10 SEC filing. Mullen will receive an initial base salary of $205,000 per year. She will also be eligible to receive an annual bonus for each calendar year in which services are performed. Each year, she will be given a bonus target of not less than $123,000, subject to proration for a partial year.