Microsoft CEO collects half of his shares
(Front Office Sports) – With Microsoft’s stock nearing its all-time high, CEO Satya Nadella has cashed in half of his stock.
The sale, which took place over two days last week, won Nadella about $ 285 million.
The CEO may have been prompted by a Washington state law that will come into effect next year and tax capital gains held for more than a year above the federal rate.
Under Nadella, the company has grown steadily to become one of the world’s two largest publicly traded companies, with a market cap of $ 2.49 trillion as of Tuesday.
He has also signed technology partnerships with the NFL, Real Madrid, the PGA Tour, NASCAR, the Big3 basketball league and the Special Olympics.
The company is looking to grow further with the Metaverse software unveiled earlier this month, as well as games.
- “You can absolutely expect us to do things in the game,” Nadella Recount Bloomberg, referring to the company’s metaverse ambitions.
- Xbox sales grew 166% year-over-year in the company’s first fiscal quarter of 2022, as Microsoft earned $ 45.3 billion in revenue.
- Microsoft is rolling out a feature on its Edge browser to improve visual clarity in games.
The company said Nadella, who has served as CEO since 2014, “is committed to the continued success of the business, and her holdings far exceed the holding requirements set by Microsoft’s board of directors.”
Nadella’s total compensation for fiscal 2021 was nearly $ 50 million, and he earned over $ 40 million in the previous two years.
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