Microsoft board shrinks Nadella's 2016 stock award

Microsoft's board of directors earlier this month downsized the stock award portion of CEO Satya Nadella's 2016 compensation package compared to the year before, according to documents filed with the U.S. Securities and Exchange Commission (SEC).
Although Nadella's full package for the fiscal year -- Microsoft's began July 1, 2015, and will end June 30, 2016 -- won't be disclosed until October 2016, the board pegged the stock part at approximately $7.9 million in a Sept. 15 filing with the SEC.