$96.5 million for Nadella | Microsoft’s CEO receives record pay in a year that saw 15,000+ layoffs

Microsoft has had a great fiscal year, and for his trouble, CEO Satya Nadella is being compensated to the tune of $96.5 million, up about 22% compared to his $79 million last year.

While a lot of that compensation comes in the form of stock awards — about $84 million of it — the other $9.5 million is awarded in cash incentives, according to a proxy statement filed on Tuesday. The rest of the take-home is based on Nadella’s standard $2.5 million salary before incentives and bonuses.