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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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[-] sorval_the_eeter@lemmy.world 8 points 4 hours ago* (last edited 4 hours ago)

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.

[-] GoTeamBoobies@lemmy.world 23 points 19 hours ago

Glad my layoff could help you out!

[-] UnderpantsWeevil@lemmy.world 4 points 4 hours ago

Where do folks think that money comes from if not layoffs?

[-] mindaika@lemmy.dbzer0.com 11 points 19 hours ago

I got a 63 cent raise this year too!

[-] m3t00@lemmy.world 9 points 19 hours ago

while trying to buy a license they claimed i needed a subscription to 365 garbage first. hung up and installed linux.

[-] Lettuceeatlettuce@lemmy.ml 25 points 23 hours ago

Remember, he's the real victim here, he had to sign off on all those layoffs, he's going to have to live with that decision...

...in one of his multiple mansions.

He gets paid that much because he's one of the few people on earth who can make those kind of tough choices. The poor guy must be weeping into his caviar.

[-] mayo@lemmy.world 7 points 16 hours ago

Our CEO announced layoffs recently and then even more recently sent a follow up email complaining about how people were complaining about it and saying how hard it has been for the executive team. We're a small company and I get the pain they are feeling due to financial constraints but at the end of the day we work for money and they are taking home 3-4x as much as anyone else each month while making all the decisions about how money is spent. It's hard not to become resentful.

[-] Lettuceeatlettuce@lemmy.ml 5 points 5 hours ago

Sorry to hear that, typical hierarchical power structure.

We need more worker protections, and more workplace democracy.

[-] Tja@programming.dev 4 points 16 hours ago

3-4x is in the fair region still. Do you think Microsoft employees make 20-30 millions each? (3-4x less than the CEO)

[-] DemBoSain@midwest.social 8 points 19 hours ago
[-] queermunist@lemmy.ml 133 points 1 day ago

Because of the devastating year for layoffs.

The purpose of a system is what it does.

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[-] Sam_Bass@lemmy.world 13 points 21 hours ago

more like because of the layoffs

[-] GhostFaceSkrilla@lemmy.world 49 points 1 day ago
[-] ameancow@lemmy.world 10 points 1 day ago

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.

[-] rocky1138@sh.itjust.works 0 points 4 hours ago

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.

[-] ameancow@lemmy.world 2 points 1 hour ago* (last edited 1 hour ago)

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.

[-] 800XL@lemmy.world 6 points 22 hours ago

Everything is going exactly to plan. You're welcome.

[-] r00ty@kbin.life 8 points 1 day 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?

[-] sorval_the_eeter@lemmy.world 3 points 4 hours ago

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/

[-] r00ty@kbin.life 3 points 3 hours ago

That dystopian "future". It's the present, isn't it.

[-] sorval_the_eeter@lemmy.world 1 points 2 hours ago

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.

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[-] turbowafflz@lemmy.world 134 points 1 day ago

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

[-] FigMcLargeHuge@sh.itjust.works 50 points 1 day ago

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.

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[-] TommySoda@lemmy.world 91 points 1 day ago

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.

[-] slaacaa@lemmy.world 12 points 1 day ago

“Growth for the sake of growth is the ideology of a cancer cell”

[-] sunzu2@thebrainbin.org 26 points 1 day ago

He get this pay becuase he laysoff people.

Executive compensation is structured around this.

He wouldnt bother withnthe layoffs if his comp didnt improve...

[-] Skates@feddit.nl 32 points 1 day ago

~~despite~~

thanks to

[-] Burn_The_Right@lemmy.world 27 points 1 day ago* (last edited 1 day ago)

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.

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[-] knightly@pawb.social 61 points 1 day ago
[-] Rozz@lemmy.sdf.org 22 points 1 day ago

...because of layoffs

[-] Taiatari@lemmynsfw.com 19 points 1 day ago

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'

[-] Maeve@midwest.social 10 points 1 day ago

Fire the CEO and hire back the best with pay rises, if they're willing. JC, MS, get a grip on yourselves.

[-] henfredemars@infosec.pub 37 points 1 day ago

Wow! He must be not just hundreds but many thousands of times more productive than an average employee! Incredible! Well deserved.

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[-] iAmTheTot@sh.itjust.works 39 points 1 day ago

Absolutely insane. I literally cannot fathom accepting that much money when there are so many other people who need it more.

[-] Asafum@feddit.nl 32 points 1 day ago

That's because you're not a piece of shit. Most major companies CEOs are pieces of shit

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this post was submitted on 25 Oct 2024
738 points (98.9% liked)

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