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Nadella's $40M portfolio puny compared to Ballmer's

Gregg Keizer | Feb. 11, 2014
But he gets last laugh. While others may have received retention bonuses last year, he's now the CEO.

It wasn't clear from the SEC filings whether the grants included retention awards or were simply the annual performance awards given to Microsoft's top tier.

Nadella was not among them. According to a search of the SEC's database, his last award was given by Microsoft in September 2012, when he was handed nearly 367,000 shares, worth about $13.4 million at last week's share price. The majority of those shares — 188,190— were a performance-based grant for fiscal year 2013, which ended June 30, 2013.

But Nadella clearly did not receive a retention award last year nor one to match those given to other executives last fall as their fiscal 2014 performance grants. That leads one to wonder if Microsoft's board either had its eye on him for the CEO spot early in the search, or believed he was dispensable.

If the latter, Nadella had the last laugh: All eight of the executives given stock grants at the time of the 2013 retention filing now report to one who got nothing: Satya Nadella.


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