Page 65 - IACC Newsletter August-September 2013 Issue 13

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Microsoft CEO Satya Nadella gets $84 million pay package
Microsoft has given its new CEO Satya Nadella a pay package worth 84.3 million dollar, most of it in the form of long-
term stock awards. A regulatory document filed on Monday showed Mr. Nadella got a salary for the fiscal year that
ended June 30 of $918,917 and a $3.6 million bonus. He also was given stock awards worth nearly $79.8 million but
most of the payments will be made over several years.
Microsoft said Mr. Nadella’s actual compensation for the company’s fiscal year 2014 is worth $11.6 million after
excluding the long-term stock awards and a $13.5 million one-time retention award he received before his promotion to
Mr. Nadella’s pay package includes a long-term performance-based stock award valued at $59.2 million. Mr. Nadella
won’t receive any of that until 2019 and it will depend on the performance Microsoft’s stock relative to other companies
in the Standard & Poor’s 500 index.
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Starbucks opens outlet in Hyderabad
The store would also offer a wide range of Starbucks merchandise, besides free Wi-Fi, she said.
Tata Starbucks Ltd, a 50:50 joint venture between Starbucks Coffee Company and Tata Global Beverages Ltd,
inaugurated its outlet recently. The store happens to be the 58
Starbucks store across six Indian cities in less than two
years of the brand’s launch in India, said Tata Starbucks Ltd CEO Avani Davda, adding that in addition to this, the
company plans to open another store in Hyderabad at Forum Mall.
“The opening of the flagship store in Hyderabad is consistent with the company’s long—term growth strategy to
strengthen its presence in southern India and bring the Starbucks experience to more neighborhoods around the
country,” Davda told reporters at a press conference. The store would also offer a wide range of Starbucks merchandise,
besides free Wi-Fi, she said.
Starbucks entered the Indian market in October 2012 and currently operates 58 stores across Mumbai, Delhi National
Capital Region (NCR), Pune, Bengaluru, Chennai and Hyderabad through a network of more than 1,000 partners.
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