> First of all, Nadella has created a trillion dollars of value over his leadership. His pay packet of $40m is nothing
Unless he was going to pay out of his pocket if he bankrupted Microsoft, that argument doesn't pass the sniff test.
Also, he has created a trillion dollars of valuation. That's not the same thing as value, just ask the Japanese property market in the 1990s. Current stock price can also entirely disconnected from reality and mid to long term future, just ask GE and Boeing.
If the AI/LLM hype dies down, a big chunk of that valuation will disappear, without anything meaningfully changing.
Unless he was going to pay out of his pocket if he bankrupted Microsoft, that argument doesn't pass the sniff test.
Also, he has created a trillion dollars of valuation. That's not the same thing as value, just ask the Japanese property market in the 1990s. Current stock price can also entirely disconnected from reality and mid to long term future, just ask GE and Boeing.
If the AI/LLM hype dies down, a big chunk of that valuation will disappear, without anything meaningfully changing.