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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[–] [email protected] 14 points 14 hours ago

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.

[–] [email protected] 12 points 13 hours ago (2 children)

On the one hand, Nadella has, in my opinion, saved Microsoft. They were on a downward spiral right before he took over. On the other hand, nothing justifies a $79.1MM salary. That is grotesque.

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[–] [email protected] 3 points 10 hours ago* (last edited 10 hours ago)

Interesting... So according to this ign most of that was awarded in stock. It kind of solidifies the comments about making money for the share holders by cutting costs. Was gonna say would be nice for us peasants to be awarded in stock but then I would feel like crap if I'd get ton of money while others lost their job.

[–] [email protected] 3 points 11 hours ago

Come on guys, you can't expect them to take care of their CEO and their employees.

[–] [email protected] 3 points 11 hours ago

Wow, the price of a soul went up 63%.

[–] [email protected] 7 points 14 hours ago (2 children)

Can't he get the extremely terrible way of grabbing focus and changing z-order fixed? That would be great..

[–] [email protected] 9 points 14 hours ago

Sorry, that would mean prioritizing something that doesn't directly increase executive pay in the short term.

[–] [email protected] 1 points 10 hours ago (3 children)

Curious about this - you mean in Windows? What's the solution as you see it?

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[–] [email protected] 3 points 13 hours ago

Yeah but those layoffs saved a LOT of money! /s

[–] [email protected] 1 points 13 hours ago

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!

[–] [email protected] -1 points 13 hours ago (2 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.

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