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The Pay Check: Microsoft CEO's fiscal 2016 compensation falls 3.3% YOY

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The Pay Check: Microsoft CEO's fiscal 2016 compensation falls 3.3% YOY

Microsoft Corp.'s CEO Satya Nadella pulled in about $17.7 million in fiscal 2016 total compensation, down 3.3% from $18.3 million in the prior year.

Nadella's fiscal 2016 pay package included $1.2 million in salary, $4.5 million in bonus and $12.0 million in stock awards, according to an Oct. 3 SEC filing.

Microsoft CFO Amy Hood, meanwhile, saw her compensation increase to roughly $10.4 million in fiscal 2016 from $8.8 million in fiscal 2015. Hood's 2016 compensation included $7.3 million in stock awards and $2.3 million in bonus.

B. Kevin Turner who recently left his COO position at the company to join Citadel Securities LLC as CEO, was paid about $13.0 million in fiscal 2016, with $9.6 million as stock awards and a bonus of $2.4 million.

President and Chief Legal Officer Bradford Smith's fiscal 2016 pay package increased to $8.6 million from $6.8 million the year before. He received stock awards worth $5.9 million and a bonus of roughly $2.0 million in fiscal 2016.

In other compensation news:

* In connection with her appointment as chairman of Marchex Inc.'s board, Anne Devereux-Mills was awarded a restricted stock grant to purchase 150,000 shares of the company's class B common stock in her capacity as chairman and at a purchase price of $0.01 per share. In addition, the company gave Chief Revenue Officer Gary Nafus a cash bonus worth $196,875 and an additional cash bonus of $65,625. Nafus will also receive for fiscal 2017 a guaranteed minimum cash bonus payment of $175,000, or $43,750 per quarter, subject to his continued employment, according to an Oct. 7 SEC filing.

* Anthony Ambrosio will continue to serve as chief administrative officer and chief human resources officer of CBS Corp. through Sept. 28, 2020. Pursuant to a new employment agreement with the company, Ambrosio's annual base salary was increased to about $1.3 million. Ambrosio’s target bonus for each calendar year will remain 125% of his base salary. The executive will continue to be eligible to receive annual awards under the company’s long-term incentive plan, with an increased target value equal to 185% of his annual base salary, beginning with calendar year 2017, the company said in an Oct. 7 SEC filing.

* 1-800-FLOWERS.COM Inc. on Oct. 4 entered into employment agreements with James McCann and Christopher McCann, effective July 4. Chris McCann in March was tapped as the CEO of the company, while Jim McCann, the founder, chairman and former CEO of the company, was to transition to the position of executive chairman. Based on the new contracts, CEO Chris McCann will receive $775,000 as his annual base salary, with a bonus of up to 100% of his salary and a share award of up to 90% of his salary. Jim McCann, as executive chairman, will make an annual salary of $975,000, with a long-term incentive and share award plan grant of up to 75% of his salary in the form of restricted shares. Jim McCann will not be eligible for the company's bonus plan, the company said in an Oct. 6 SEC filing.

* Gunnar Wiedenfels, who will succeed Andrew Warren as CFO of Discovery Communications Inc., following Warren's resignation effective Dec. 31, will join the company on or about April 1, 2017. Once he joins, Wiedenfels' base salary will be $1.1 million, according to an Oct. 4 SEC filing. His annual incentive compensation target will equal 120% of his base salary. His annual bonus for 2017 will be calculated based on the number of days of employment in 2017. Subject to approval by the Compensation Committee, Wiedenfels will receive a restricted stock units award with a target value of $1.25 million, within 60 days of his start date. The RSUs will vest 50% on each of the second and third anniversary of the grant. Wiedenfels will also be recommended to receive a non-qualified stock options award with a target value of $1.25 million.

* Professional Diversity Network Inc. on Sept. 30 entered into an employment agreement with its CEO Katherine Butkevich, pursuant to which she will receive an annual base salary of $300,000. She will also be eligible for an annual incentive bonus with a target amount of at least 100% of her base salary. Butkevich also received a nonqualified stock option to buy 57,500 shares of the company's common stock to vest in three installments, according to an Oct. 4 SEC filing.

* Zynga Inc.'s newly appointed CFO Gerard Griffin will be entitled to an base salary of $500,000, with a target bonus amount equaling 100% of his base salary, and a maximum bonus amount of 200% of his base salary. Griffin will also receive a grant of time-vested restricted stock units to acquire 1.5 million class A common stock shares of the company, as well as a grant of stock options to buy 5 million shares of the company's class A common stock. The company will also give Griffin a grant of 500,000 performance based restricted stock units, which will vest based on certain performance benchmarks, according to a Sept. 30 SEC filing.