Microsoft nominates Stripe’s John Collison to board, proposes lower Nadella pay
Shareholders will vote on 8 December as two directors prepare to leave and the board is set to shrink to 12 members.
Microsoft has put forward Stripe co-founder and president John Collison for election to its board. Its annual proxy statement also seeks shareholder approval for chief executive Satya Nadella’s compensation, which The Information reported would total US$90.6 million, about 6% below the previous year’s US$96.4 million.
The shareholder meeting on 8 December will take place entirely online. LinkedIn co-founder Reid Hoffman previously announced his departure, while Disney chief financial officer Hugh Johnston will not stand again, according to the proxy, as reported by GeekWire. With Collison joining and both directors leaving, membership would fall from 13 to 12.
Collison, 36, founded Stripe in 2010 alongside his brother Patrick. Microsoft’s filing identifies him as independent and lists no other public-company directorships. Carmine Di Sibio, the former EY chief executive appointed in May, also faces his first shareholder vote.
Stripe already supports Microsoft’s Copilot Checkout, introduced in January to let US users make purchases through the AI assistant. GeekWire reported that the proxy does not describe business dealings between the companies.
The Information attributed Nadella’s reduced bonus to weaker Xbox revenue, while the rest of Microsoft’s businesses met or exceeded their targets. The filing shows a 5% decline in Xbox content and services revenue. Nadella’s target performance stock award remained US$50 million, unchanged since 2022. TNW said it had not independently verified the reported compensation total against the filing’s tables.
