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Microsoft CEO's pay rises 63% to $79m, despite devastating year for layoffs: 2550 jobs lost in 2024 (www.eurogamer.net)

submitted 15 hours ago by [email protected] to c/[email protected]

68 comments fedilink hide all child comments

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.

Regardless, Microsoft's shares are up and the company's market value is now higher than $3tn, as it works to capitalise on the rise of AI.

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[–] [email protected] 8 points 2 hours ago (1 children)

It's clearly you

[–] [email protected] 0 points 46 minutes ago

OK.

The CEO is supposed to maximize the profits of investors or owners or whatever, not act like in this example.

Just like the government to which you pay taxes is supposed to use it for some public good.

Neither do what they are supposed to do, because that requires some kind of checks by a mechanism above both, and there's no such.

Is that more clear, or have my bad English and bad explaining skills failed you again?