Microsoft’s CLO Brad Smith Brings in $8.6M

It’s been about one year since Microsoft’s Brad Smith was promoted to president and chief legal officer, and a recent proxy report shows he’s being well compensated for the expanded role.

On Tuesday, Microsoft released a compensation table outlining its highest-paid executive officers. It showed Smith making $8.6 million in total compensation in 2016.

That’s a combination of $704,000 in salary plus a $1.9 million bonus, and the remainder primarily in stock awards. It’s also a 26 percent raise from $6.8 million he made in 2015.

Smith had served as the company’s secretary and general counsel since 2002, and executive vice ...