Amy Hood, Microsoft’s chief financial officer, was paid $29,481,551 in Microsoft’s fiscal 2025 (July 2024 through June 2025): a $1,000,000 salary, $25,037,360 in stock awards, a $3,421,000 cash incentive, and $23,191 in other compensation. That made her roughly the 27th highest-paid non-CEO officer in our data — the top one made $251.9 million.
Her paycheck is the door into a quieter pattern in this year’s filings: at about 1 in 13 American public companies, the highest-paid executive isn’t the CEO. Co-founder presidents, dealmaking lieutenants, and retention packages routinely eclipse the corner office — and because most pay coverage keeps one row per company, the CEO’s, almost nobody looks at the people directly below it.
Data as of June 10, 2026. Covers fiscal years ending in calendar 2025 across the ~1,025 U.S.-listed companies in our dataset with named-officer pay on file — 3,947 non-CEO officer rows in total. Accession numbers are in the methodology section.
Key findings
- 9 of the 15 highest-paid non-CEO officers out-earned their own CEO. Across the full dataset, the top earner isn’t the CEO at about 7.5% of companies — roughly 1 in 13.
- The highest-paid non-CEO officer of fiscal 2025 was Roivant Sciences’ Mayukh Sukhatme at $251,858,764 — $88.6 million more than his own CEO.
- 90.9% of the top 15’s combined $1.34 billion came from stock awards. Combined salaries: $8.3 million, or 0.62%.
- 367 non-CEO officers made more than the median CEO in our data ($9,427,491). The median non-CEO officer made $2,794,417.
- Microsoft’s Amy Hood, at $29.5 million, does not crack the top 25.
What Microsoft pays Amy Hood
The numbers come from Microsoft’s annual proxy statement — the filing where every U.S. public company reports, in a standard table called the summary compensation table, what it paid its top officers. Microsoft’s fiscal year runs July through June, so “fiscal 2025” here means July 1, 2024 through June 30, 2025.
| Component | Amy Hood, CFO | Satya Nadella, CEO |
|---|---|---|
| Salary | $1,000,000 | $2,500,000 |
| Stock awards | $25,037,360 | $84,245,496 |
| Cash incentive | $3,421,000 | $9,555,000 |
| Other | $23,191 | $196,294 |
| Total | $29,481,551 | $96,496,790 |
Hood’s package is about 31% of Nadella’s, and 85% of it is stock. Both figures sit in the same table of Microsoft’s proxy, filed October 21, 2025. By our count she was the 27th highest-paid non-CEO officer of fiscal 2025 — which says less about her package than about the scale of what sits above it.
The 15 highest-paid non-CEO executives of fiscal 2025
One row per officer, ranked by total reported pay for the fiscal year ending in calendar 2025. CEO rows are excluded; the right-hand column shows what the same company’s CEO made that year, from the same filing. Every row was checked against the SEC filing it comes from — where a company’s printed total differed from our database, the filing’s number is shown.
| # | Executive | Role | Company | Total pay | Of which stock | Their CEO made |
|---|---|---|---|---|---|---|
| 1 | Mayukh Sukhatmea | President & chief investment officer |  Roivant Sciences | $251,858,764 | $170.2M | $163.3M |
| 2 | Miles Eversonb | Chief financial officer | Fermi | $134,175,000 | $132.3M | $48.0M |
| 3 | Jacobo Ortiz Blanesb | Chief operating officer | Fermi | $134,175,000 | $132.3M | $48.0M |
| 4 | Charlie Hamiltonb | Chief site development officer | Fermi | $134,175,000 | $132.3M | $48.0M |
| 5 | Vahe Kuzoyanc | President |  ServiceTitan | $132,683,989 | $131.8M | $133.4M |
| 6 | Jim Coulter | Founder & executive chair |  TPG | $72,754,980 | $62.4M | $29.9M |
| 7 | Makan Delrahimd | Chief legal officer |  Paramount Skydance | $63,580,542 | $57.4M | $63.2M |
| 8 | Jeffrey Shelld | President (departed Apr 2026) | Paramount Skydance | $60,684,988 | $58.7M | $63.2M |
| 9 | Michelle Zatlyn | Co-founder & president |  Cloudflare | $60,045,160 | $58.3M | $60.6M |
| 10 | Ryan King | Co-founder & director |  Chime | $58,211,809 | $57.6M | $98.9M |
| 11 | Giang LeGricee | Chief operating officer |  Opendoor | $53,209,043 | $52.1M | $741.1M |
| 12 | Andrew Brandon-Gordond | Chief strategy officer & COO | Paramount Skydance | $48,542,425 | $47.0M | $63.2M |
| 13 | John C. Redettf | Co-president |  Carlyle | $47,496,411 | $43.6M | $7.1M |
| 14 | Naveen Chopra | Chief financial officer |  Roblox | $43,813,738 | $40.1M | $24.6M |
| 15 | Philipp Schindlerg | SVP & chief business officer, Google |  Alphabet | $42,201,551 | $40.6M | $10.9M |
- aRoivant’s fiscal year ended March 31, 2025 (labelled “Fiscal 2024” in its proxy). Includes an $81.1 million cash bonus — $80.6 million of it a one-time retention award — on top of $170.2 million in stock.
- bFermi listed in late 2025; salaries cover only the fourth quarter. The three deputies received identical packages — each nearly triple the CEO’s $48.0 million.
- cServiceTitan’s fiscal year ended January 31, 2025 — the year of its December 2024 listing. Co-founders Kuzoyan and CEO Ara Mahdessian received identical $131.8 million stock awards.
- dParamount Skydance’s table covers August 7 (the merger close) through December 31, 2025 — about five months, not a full year.
- e Joined Opendoor late in 2025: $140,833 of salary alongside a $52.1 million grant.
- fCarlyle CEO Harvey Schwartz’s $7.1 million reflects no new stock award in 2025; his 2023 sign-on package totaled $187.0 million.
- g Alphabet CEO Sundar Pichai received no new stock award in 2025; his $10.9 million is mostly salary and security costs.
Why you haven’t read about most of these people
Almost every executive-pay ranking — in newsrooms and in academic work — starts by keeping one row per company: the CEO. That is a reasonable way to compare companies. It is also why a $251.9 million package for a chief investment officer, or three $134.2 million packages at a single company, can go essentially uncovered: they exist in the same filings, one table row below the line where most methodologies stop reading.
The disclosure itself is not the problem. Companies must report pay for the CEO, the finance chief, and their other highest-paid officers — typically five people in total, called the named officers. The data is public for all of them. The coverage gap is a choice of methodology, not a gap in the record. For the same reason, the deputies’ row is where unusual board decisions surface first: retention bonuses, merger packages, and founder grants tend to land on presidents, finance chiefs, and chief legal officers — not on the CEO whose pay gets the scrutiny.
For scale: Javier Olivan, Meta’s chief operating officer and the highest-paid non-CEO at Meta, made $24,520,549 in 2025 — and that does not come close to this top 15.
We read the filings most coverage skips — including the rows below the CEO’s.
It’s almost all stock
The 15 packages above total $1,337,608,400. Of that, $1,216,552,984 — 90.9%— is the grant-date value of stock awards. Combined salaries are $8,293,570 — 0.62% of the total. Thirteen of the fifteen rows are more than 90% stock.
That matters for how to read the numbers. A stock award’s reported value is set on the day it is granted; what the executive eventually keeps depends on vesting conditions and the share price over the following years. These are not bank transfers — they are bets the board priced at these amounts. It also means the list is shaped by one-time events: a listing year (Fermi, ServiceTitan), a merger (Paramount Skydance), or a retention package (Roivant) can put a decade of equity into a single year’s table.
Nine of the fifteen out-earned their own CEO
Exhibit A
The top 15 against their own CEOs, fiscal 2025
Positions run linearly from $0 to $251.9M, the top officer total. Each officer and CEO figure is the reported total from the same filing. Opendoor’s CEO ($741.1M) sits far off scale — the track fades toward him. Paramount Skydance totals cover about five months.
The most consistent pattern in the table is in the last column. Sukhatme made $88.6 million more than Roivant’s CEO. Fermi’s three deputies each made nearly triple their CEO. Carlyle’s co-president made 6.6× his CEO — though that gap says as much about the CEO’s grant timing as about the deputy’s package. At Roblox, the finance chief’s $43.8 million was 1.8× the founder-CEO’s total. At Alphabet, Philipp Schindler made almost four times Sundar Pichai.
This is not just a top-of-the-table effect. Across the 1,014 companies in our FY2025 data with pay on file for both the CEO and at least one other officer, a non-CEO officer out-earned the CEO at about 7.5% of them. The usual reasons: founders who took the president seat rather than the CEO title (Cloudflare’s Michelle Zatlyn and CEO Matthew Prince drew identical $58.3 million grants; Cloudflarepays its co-founders as a pair), CEOs who already hold so much equity that boards grant them little or nothing (Pichai received no new stock award in 2025), and one-time packages aimed at landing or keeping a deputy (Roblox’s Naveen Chopra joined mid-2025 with a $40.1 million grant and a $3.3 million signing bonus).
Exhibit B
How often the highest-paid executive is not the CEO
At 76 of 1,014 companies — about 1 in 13— the highest-paid executive of fiscal 2025 was not the CEO.
1,014 fiscal-2025 companies with pay on file for both the CEO and at least one other named officer; 76 of them is about 7.5%.
If you want the mirror-image of this list — what boards pay the directors who approve these packages — see the highest-paid corporate boards.
Frequently asked questions
How much does Amy Hood make?
Microsoft CFO Amy Hood was paid $29,481,551 for Microsoft's fiscal 2025 (July 2024 through June 2025), per Microsoft's proxy statement: a $1,000,000 salary, $25,037,360 in stock awards, a $3,421,000 cash incentive, and $23,191 in other compensation. That is about 31% of CEO Satya Nadella's $96,496,790 for the same year.
Who is the highest-paid non-CEO executive in America?
By fiscal 2025 proxy data, Mayukh Sukhatme, Roivant Sciences' president and chief investment officer, at $251,858,764 — an $81.1 million one-time cash retention bonus plus $170.2 million in stock awards. He out-earned Roivant's own CEO, Matthew Gline ($163.3 million), by $88.6 million.
Do any executives get paid more than their CEO?
Yes. In fiscal 2025 filings, 9 of the 15 highest-paid non-CEO officers out-earned their own CEO, and across roughly 1,000 U.S.-listed companies in our dataset a non-CEO officer out-earned the CEO at about 7.5% of them. Common causes: co-founder presidents, retention packages, and CEOs who receive no new stock grants.
Why do most executive pay rankings only cover CEOs?
Most rankings keep one row per company — the CEO's — to make companies comparable. But U.S. proxy rules require pay disclosure for roughly five named officers per company, so the data for presidents, finance chiefs, and other deputies is equally public. The coverage gap is a methodology choice, not a disclosure gap.
Sources & methodology
- Universe:3,947 non-CEO named-officer pay rows across 1,025 U.S.-listed companies with a fiscal year ending in calendar 2025 in our dataset — not all U.S. public companies. Coverage skews toward larger issuers. A “fiscal 2025” label follows the fiscal year-end: Microsoft’s ended June 30, 2025; ServiceTitan’s January 31, 2025; Roivant’s March 31, 2025.
- CEO exclusion: we drop every row flagged or titled as chief executive (current CEOs, co-CEOs, and division heads carrying a CEO title), plus two rows our database misclassified (Intel’s and Liberty Formula One’s CEOs). Former-CEO rows stay in scope as non-CEO officers.
- Verification: all 15 ranked rows, Amy Hood’s row, and every CEO-comparison figure were matched against the cited SEC filing. Accessions: ROIV 0001140361-25-027846; FRMI 0002071778-26-000018 (annual report amendment); TTAN 0001638826-26-000038; TPG 0001193125-26-166834; PSKY 0001140361-26-016758 (annual report amendment); NET 0001193125-26-263809; CHYM 0001795586-26-000028; OPEN 0001140361-26-017460; CG 0001527166-26-000017; RBLX 0001104659-26-044362; GOOGL 0001308179-26-000342; MSFT 0001193125-25-245150; META 0001628280-26-025532.
- Corrections applied: where a proxy’s printed total differs from the sum of its own components by $1 (Roivant, TPG), we publish the printed total. Carlyle’s row uses the filing total of $47,496,411; our database had omitted a $1,705,000 cash bonus.
- Limitations: Paramount Skydance’s totals cover roughly five months (merger close to year-end); Opendoor’s and Fermi’s include partial-year salaries. Stock awards are grant-date values, not realized pay. Division heads with CEO titles (for example, JPMorgan’s line-of-business CEOs) are excluded by the CEO-title test, which can shift ranks near Amy Hood’s position by a place or two. Ranks 16–26 were not individually re-verified against filings and are not listed.
$1.34 billion across 15 people — and most of it was never a headline.
Every week we dig into the proxy filings most analysts skip — including the pay rows below the CEO’s. One email, Fridays.