Microsoft CEO Satya Nadella's first big hire got a $7.8 million signing bonus

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Peggy Johnson, Microsoft executive VP of business development

Bloomberg West

Microsoft Business Development VP Peggy Johnson

Microsoft paid a lot of money to poach Peggy Johnson from Qualcomm.

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When Microsoft CEO Satya Nadella convinced Johnson to work for the company as its VP of business development after 24 years at San Diego's Qualcomm, he sweetened the offer with a $7.8 million signing bonus.

Thanks to that one-time bonus, Johnson's total annual pay for fiscal 2015 adds up to a hefty $14.53 million.

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The compensation detail comes from Microsoft's proxy statement, basically a cheat sheet for shareholders ahead of its annual shareholder meeting in December, and was confirmed by a Microsoft spokesperson.

Johnson's overall $14.53 million pay package puts her just below Nadella, who made just shy of $18.3 million in the fiscal year ending June 2015. But it puts her ahead of Kevin Turner, traditionally the highest-paid exec after the CEO at Microsoft, with almost $12.2 million.

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It's also worth noting that Johnson's $7.8 million signing bonus is a mix of cash and stocks, so she won't be able to cash out entirely until her stock vests in 2018.

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