Nadella has been ranked fifth among 50 global corporate heads by Fortune Magazine in its annual 'Businessperson of the Year' compilation, followed by CEO of Milwaukee-based maker of water heaters A O Smith Ajita Rajendra on the 34th spot, HDFC Bank's Managing Director Aditya Puri on the 36th position and Banga on 40th.
Elop, once considered a successor to former Microsoft Chief Executive Steve Ballmer, joined Microsoft to run its devices business following the company's acquisition of Nokia's handset business. The deal closed in 2014.
The outsize number is mostly made up of the estimated value of certain one-time stock awards given to Nadella, who became the company's third CEO in February. Most of it Nadella cannot actually receive until 2019.
It is not clear if Nadella, who took over as Microsoft CEO in February, will meet with any Chinese government representatives as part of his visit, or try to resolve issues with the State Administration for Industry and Commerce (SAIC), one of China's antitrust regulators.
An announcement elevating Rajeev Suri may be made by March-end or April, when software giant Microsoft concludes the acquisition of Nokia's handset business, Finnish media reports suggest. After the acquisition, Nokia will be left with the telecom equipment, location-based services and advanced technologies business.
One problem for any successor is that Buffett, by dint of his long stewardship of Berkshire and the outperformance he has delivered over most of the past half century, has the freedom to make mistakes or underperform the stock market in ways that could cost other CEOs their jobs.
46-year-old Nadella, who has been with Microsoft for 22 years, would also be eligible for a cash bonus, which can range from zero to 300 per cent, resulting into total payout of up to USD 3.6 million.
New CEO Satya Nadella may find it tough to push change with co-founder Bill Gates and former CEO Steve Ballmer breathing down his neck.
Speaking of Nadella's appointment Bill Gates said: "During this time of transformation, there is no better person to lead Microsoft than Satya Nadella."
Sundar Pichai, the 42-year-old head executive for Google Chrome and Apps, is the â€œtop choiceâ€ for the the position of Microsoft CEO and negotiations with him are on in full swing, SiliconANGLE, a media website that focuses on the technology industry, said.
India-born senior Microsoft executive Satya Nadella is among the top two likely candidates whose name is being considered for becoming the next CEO of the world's biggest software company, replacing longtime chief executive Steve Ballmer.
Sources familiar with the process said Microsoft is down to a "handful" of candidates, including one or more outsiders from the tech industry, former Nokia CEO Stephen Elop and insiders Satya Nadella and Tony Bates.
The world's largest software maker also has at least three internal candidates on its shortlist, including former Skype CEO Tony Bates, who is now responsible for Microsoft's business development, and Satya Nadella, the company's cloud and enterprise chief.
Proxy advisory firm Glass Lewis has recommended that Microsoft Corp shareholders vote against the re-election of lead independent director John Thompson.
Microsoft has a bright future, Ballmer said, echoing his theme from last week's meeting with Wall Street analysts.
In August, Microsoft CEO Steve Ballmer announced his plan to retire within 12 months, setting off the company's search for a new leader. The board committee in charge of appointing the next CEO has said it will consider both internal and external candidates.
Ballmer, who in August said he planned to step down within 12 months, told investors and analysts in an annual meeting on Thursday that Microsoft had a bright future, despite missteps under his 13-year tenure.
The special committee of the board, which is conducting the CEO search, and its advisers have been meeting with shareholders after Ballmer's surprise decision late last month to retire within a year, the sources said. It could name a CEO as soon as the end of this year, the sources said.
Since mid-July, three interlocking events - all of them considered highly unlikely six months ago - have unfolded in quick succession, unsettling Microsoft managers and employees and roiling its share price.
Microsoft is spending over $7 billion to acquire Nokia's handset business, while at $130 billion, Vodafone's exit from Verizon Telecom makes it the world's third-largest deal in the space.
Microsoft CEO Steve Ballmer talks about integrating Nokia into the Microsoft fold and his plans on making Finland the hub of phone R&D.
Microsoft Corp has a stable of senior executives who could be contenders to succeed Chief Executive Steve Ballmer, even though outsiders have sparked the most discussion so far.
Microsoft Corp CEO Steve Ballmer unexpectedly announced on Friday that he would retire in 2014, 13 years after he took over the dominant personal computer software company.
Ballmer said he would have timed his retirement in the middle of Microsoft's announced transformation to a devices and services company.
The face of Microsoft since he took the reins from co-founder Bill Gates in 2000, Ballmer stressed the importance of improving internal collaboration and eliminating redundancies when he released the company's new organizational blueprint.