Microsoft named 46-year-old Satya Nadella as its new CEO and assigned co-founder Bill Gates a larger role in the company as a technology adviser. Nadella has been working at Microsoft for 22 years in positions such as vice president of R&D for the online services division and vice president of Microsoft's business division. He took over the server and tools business and is credited for increasing revenues from this division to $20.3 billion in 2013 from $16.6 billion when he took over. As part of the promotion, Nadella gets a pay rise to a base salary of $1.2 million, a maximum annual cash bonus of three times that and a stock award of $13.2 million for next fiscal year. Ex-CEO Ballmer on the other hand, had a salary of $1.3 million last year and opted not to take any stock.…
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