By Jonathan Davies

Microsoft chief executive Satya Nadella has been given a pay package worth $84m (£52m), making him one of the best paid people in the technology industry.

The package is largely made up of share awards which will be released over several years. In a regulatory filing, Microsoft said Mr Nadella's appointment in February meant it was the first time its chief executive did not have a major stake in the company.

His predecessors, Bill Gates and Steve Ballmer, both had multi-billion dollar stakes in Microsoft.

"In approving the initial annual total compensation opportunity for Mr Nadella, our board was mindful of both the fierce competition for talented executives in the technology sector and the demands on and responsibilities of the leader of a global organization with the scope and stature of Microsoft," it said in the filing.

Excluding the share awards, Satya Nadella's annual salary is $11.6m.

The news of Mr Nadella's new pay package comes less than a month after he sparked controversy by suggesting that women should not ask for a pay rise, but "have faith in the system" to give them equal pay.

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