Microsoft boss Satya Nadella will earn a wallet-busting $79.1m (£60.9m) this financial year, up 63 percent on his compensation for 2023.
The huge boost to Nadella’s pay in both cash and stock, announced by Microsoft last night, comes after a positive year overall for the company’s financial revenues - but a turbulent 12 months for its employees.
2024 has seen two mass layoffs at Microsoft, with 1900 staff laid off in January, before a further 650 Xbox employees were shown the door in September.
And I bet he does less work in a day than every single one of the people who were laid off to fund his pay
Maybe they can come up with some technology that would someday take the position of CEO. Think of the savings…
Right, but the whole point of a corporation is to benefit insiders at the expense of the owners, employees, suppliers, customers, people that breath air, dolphins, platypi, etc.
It’s to benefit the owners
Nah, maybe in terms of stock price temporarily. But these layoffs are all anti value by destroying institutional knowledge, employee loyalty, etc. C suite fucks don’t know anything about their businesses and these sorts of moves always fuck owners in the end. Look at boing, GE, etc. When these Jack Welch types get into management they always fuck over the long term owners and get very rich doing it.
Then again, Im a weirdo that believes in equities having long term intrinsic value so don’t listen to me.
I’m pretty sure CEOs are supposed to be one of the most AI replaceable jobs.
Lemmy, stop upvoting this BS, you jealous basement dwellers.
Say all you want about unfair pay, but those CEOs work absolutely mad hours and the most insane schedules you can possibly imagine.
Every time a big company lays people off I always try to remember that it’s not because they aren’t making enough money as a company. It’s because the “important” people want more money.
He get this pay becuase he laysoff people.
Executive compensation is structured around this.
He wouldnt bother withnthe layoffs if his comp didnt improve…
“Growth for the sake of growth is the ideology of a cancer cell”
“Despite”
…because of layoffs
Yeah they want to make it clear that they laid off people and he should not get rewarded for it, however I think we all read ‘thanks to the layoffs he could increase his pay’
Eat. The. Rich.
We can’t even get people to go outside and meet live humans for sex anymore, everyone has switched to online apps for dating. People order food and groceries because we learned from Covid we don’t need to actually interact with other people.
Does anyone actually expect us to mobilize and topple powerful financial institutions? We have the most comfortable society on Earth in the US. Despite how miserable everyone is, nobody wants to leave their soft chairs and giant computer monitors and immersive video games and discord chat channels where you can mute and block anyone you don’t like. The only thing that could possibly change our course at this point would be some transhumanist/singularity nonsense like artificial general intelligence being developed and wrecking the economy.
But that’s tech being developed and controlled by the wealthy elite, so my hopes faded long ago.
Maybe someone can make an app, so I can have someone paid at an insultingly low hourly rate to go protest/riot in my place?
already done.
"Crowds on Demand is an American publicity firm that provides clients with hired actors to pose as fans, paparazzi, security guards, unpaid protesters and professional paid protesters.[1][2][3] The company operates in Los Angeles, San Francisco, Las Vegas,[4] New York City,[1] Washington, D.C.,[5] Iowa, and New Hampshire.[6] "
Theres also “Rent a Family” https://charactersforhire.com/rent-a-family/
That dystopian “future”. It’s the present, isn’t it.
I’m seriously considering rent-a-family. My relatives can occassionally be ‘unprofessional’ and I see that for a small fee I dont have to put up with that sort of bullshit anymore.
Now that’s creative :D But you gotta make sure one buyer = one rioter
2.49 extra for assured personal rioter. Otherwise you’ll get the standard service where your rioter may have another riot to attend to first.
Everything is going exactly to plan. You’re welcome.
Sorry, the first sentence in your reply is wrong. I’ve literally spent the last two weekends going out and meeting people. If you don’t go outside, that’s on you.
Wow, I’m amazing you found this comment I made specifically about you. I’ve been following you around for weeks trying to find ONE place where you wouldn’t see the lies and slander I’ve been trying to spread about you specifically. Curses, one day I will manage to find a place to tell lies about you where you will never find it.
Absolutely insane. I literally cannot fathom accepting that much money when there are so many other people who need it more.
That’s because you’re not a piece of shit. Most major companies CEOs are pieces of shit
Employees are a companies biggest expanse. Thats why they want to get rid of them as much as possible. Why are people really thinking that AI will free up new jobs? There is a finite amount of things only humans can do more “effeciently”(not sure if thats the right word, forgive my german) or better, and it is only getting smaller.
Wow! He must be not just hundreds but many thousands of times more productive than an average employee! Incredible! Well deserved.
Wow such work, much deserve
despitethanks to
What a miracle! He must work that much harder than everyone else there! I’ll bet A.I. could never do as good a job as he does!
I almost forgot… I heard his marbled meat will taste better than many other breeds of billionaire, especially when slow-smoked over Mesquite. I hope we are able to taste that one day.
Im a vegetarian but this one would be good for the planet, so…
Hello fellow vegetarian! I made the comment while holding my nose. It would definitely be my one meat exception.
Glad my layoff could help you out!
Where do folks think that money comes from if not layoffs?
It’d be cool to never be held accountable for bad business moves, but we also know that layoffs are celebrated by Wall Street for cutting costs.
more like because of the layoffs
I got a 63 cent raise this year too!
Satya’s union of 1 knows how to negotiate apparently.
while trying to buy a license they claimed i needed a subscription to 365 garbage first. hung up and installed linux.
I remember whn he first came on the scene, everyone was talking about what a genius Satya was-- for copying AWS’s business model. Tnen he stated women should not ask for raises in 2014. This is what you get when you put someone in charge who was raised and educated inside India.
This is not India and we dont want it to become like India.
This is what you get when you put someone in charge who was raised and educated inside India. This is not India and we dont want it to become like India.
I think we can acknowledge this man’s poor behavior and systemic misogyny in India without painting over a billion people as unqualified to lead or as dangerous to our country’s cultural character. I have several of friends raised and educated in India, now living in the US, who are quite feminist–almost certainly more so than the average American citizen, especially given near half of Americans will vote for a sexual predator for the third presidential election in a row.
What you dont get is that people aculturized in this stuff see their abuses as good and righteous. Just like 80 years ago in the US husbands thought it was just fine to spank their wives if they werent keeping the household the way they wanted it, and thought of it as teaching them proper upbringing. I dont want anyone raised in a regressive culture in charge. The ideas of an exeutive leader filter down through the org they lead a lot mroe than you’d guess they would.
