Microsoft CEO Satya Nadella’s earnings top $1B as ChatGPT drives stock surge: report

  • 📰 nypost
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 67%

Business News News

Business Business Latest News,Business Business Headlines

Microsoft shares have surged more than 1,000% since Nadella took over as CEO in 2014.

by tallying his salary, bonuses, stock dividends and equity grants that were disclosed in Microsoft’s public regulatory filings.The 55-year-old’s earnings bonanza has coincided with a period of massive success for Microsoft’s stock since Nadella took over as CEO in 2014.

Microsoft spokesperson Frank Shaw pushed back on the report, telling Bloomberg that Nadella “does not have net worth of a billion dollars or more.”Shaw reportedly declined further comment on the matter.Microsoft did not immediately return The Post’s request for comment. The report said Nadella has “periodically sold some of his shares” in the company and gifted $20 million in stock to undisclosed beneficiaries., whose ChatGPT tool has exploded in popularity due to its ability to generate human-like response to a wide variety of user prompts.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 91. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Dow extends gains as banks shine, Microsoft hits record high By Investing.com⚠️BREAKING: *U.S. STOCKS SOAR AMID UPBEAT BANK EARNINGS, S&P 500, NASDAQ END AT 15-MONTH HIGHS $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »