WASHINGTON, DC - FEBRUARY 27: Brad Smith, President and Chief Legal Officer of Microsoft, speaks to reporters following oral arguments in the U.S. v. Micosoft case at the Supreme Court, February 27, 2018 in Washington, DC. The case focuses on whether a U.S. government search warrant seeking access to customer emails in Microsoft's Irish data center can be upheld. (Photo by Drew Angerer/Getty Images)

Microsoft President: We need to rethink monopolies

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WASHINGTON, DC - FEBRUARY 27: Brad Smith, President and Chief Legal Officer of Microsoft, speaks to reporters following oral arguments in the U.S. v. Micosoft case at the Supreme Court, February 27, 2018 in Washington, DC. The case focuses on whether a U.S. government search warrant seeking access to customer emails in Microsoft's Irish data center can be upheld. (Photo by Drew Angerer/Getty Images)

Microsoft President: We need to rethink monopolies

"Sophia" an artificially intelligent (AI) human-like robot developed by Hong Kong-based humanoid robotics company Hanson Robotics is pictured during the "AI for Good" Global Summit hosted at the International Telecommunication Union (ITU) on June 7, 2017, in Geneva. The meeting aim to provide a neutral platform for government officials, UN agencies, NGO's, industry leaders, and AI experts to discuss the ethical, technical, societal and policy issues related to AI. / AFP PHOTO / Fabrice COFFRINIFABRICE COFFRINI/AFP/Getty Images

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San Francisco CNN Business  — 

Microsoft CEO Satya Nadella got a 66% raise in the company’s latest fiscal year.

Nadella received $42.9 million in total compensation up from $25.8 million the year prior. With a base salary of more than $2.3 million, most of his pay came from stock awards.

The raise, detailed in Microsoft’s annual proxy statement, was for the 2019 fiscal year, which ended on June 30.

Nadella took over as CEO in 2014 and under his leadership, Microsoft (MSFT) has become a major force in cloud computing. (In 2014, Nadella received a headline-making $84 million compensation package.)

News of the raise comes as Microsoft’s stock price has risen. In September, it hit an all-time high after the company raised its dividend and authorized a plan to buy back as much as $40 billion of its own stock.

By comparison, Apple (AAPL) CEO Tim Cook received $15.7 million in 2018 with $3 million in salary. Google (GOOG) CEO Sundar Pichai received $1.9 million in overall compensation. Bloomberg previously reported that Pichai turned down a stock award. Amazon (AMZN) CEO Jeff Bezos, the richest person in the world, has received the same $81,840 salary for two decades. He also receives $1.6 million in security-related services and business travel each year.