this post was submitted on 25 Oct 2024
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Work Reform

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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.

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[–] Agent641@lemmy.world 1 points 1 week ago
[–] Allonzee@lemmy.world 1 points 2 weeks ago* (last edited 2 weeks ago)

The market capitalist system is working exactly intended and WILL be destroyed.

Unlike the feckless, social opiate(fast food, social media, meaningless plastic crap to collect, literal opiates, etc) addicted masses, the habitability of the planet they are altering for millions of years to be hostile towards fragile surface life like us can't be bribed, silenced, captured, bought out, deluded against its own interests, or negotiated with.

I wish the exploited laborers would stop them before we're all consumed and make our species more dependant on living with nature again, but this isn't a fairy tale. I choose to find my solace in taking the living planet's side. It's dealt with worse than us, even other runaway mistakes of evolution from within.

With all the suffering that they've been inflicting upon Windows serfs, he's more than earned it. If it were up to me, I'd up his pay tenfold. I can't wait to see what MS has in store for the tech cattle in 2025!

[–] DarkSpectrum@lemmy.world 0 points 1 week ago

Yeah but I bet he met a KPI

[–] Nougat@fedia.io -1 points 2 weeks ago (1 children)

CEO (and really the whole executive committee and board of directors) is beholden to the shareholders, not the employees. Employees are not only an expense, but the largest expense a company has.

[–] reddig33@lemmy.world 2 points 1 week ago (1 children)

Employees should buy up all the stock.

[–] Nougat@fedia.io 1 points 1 week ago

Unfortunately, they would only be able to buy stock that is for sale.

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