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.
Because of the devastating year for layoffs.
The purpose of a system is what it does.
Came here to say exactly this.
Exactly, they were labor heavy and he fixed a problem which resulted from gross over hiring. Sounds like he’s doing a good job.
The ideal corporation has no labor and only profits. Somehow.
I mean, yeah. Isn’t that what we would like here? To not have to work if we don’t want to and yet tech progresses steadily, industry still operates, the world continues moving while people are free to engage in their desired pursuits?
As long as they’re generating profits then that wealth will not go to the people who lose their jobs. They’ll just be a surplus population.
*in America
Americans have to realise there are other ways to run a country. What’s going on there isn’t normal for the rest of the world.
Profits by definition only go to the owners and investors. Once they’re seized by the government they’re no longer profits, they’re company expenses.
Those are the only two options?
Most Americans have never owned and will never own a passport, and they dont read much. 60% of them live paycheck to paycheck too. So they dont know and they dont have the time or energy to care.
This just might be the stupidest fucking comment I’ve seen all week.
You type without looking?
You definitely type without thinking.
The trap where the thing you’re saying is totally valid and accurate but it’s not the thing to be talking about. I don’t know where this thinking comes from or what it’s called, but I notice it within conservative groups (probably because I’m critical by default of those ideas). It reminds me of BLM protests and how Ben Shapiro was talking about damage to property and business owners when the actual issue and discussion to be had is entirely different. It just serves to support the problematic behaviour that people are trying to change.
So yes, there was a surge in demand and they over-hired and letting people go is the right choice, but the whole situation is fucked and the optics of this kind of raise is dogshit.
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…
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.
“Growth for the sake of growth is the ideology of a cancer cell”
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.
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.
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.
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.
Sorry to hear that, typical hierarchical power structure.
We need more worker protections, and more workplace democracy.
Glad my layoff could help you out!
Where do folks think that money comes from if not layoffs?
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.
more like because of the layoffs
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.
They still are, they might have started to pull up, by they’re still squarely on a collision course with the ground. When this AI bubble pops, thier Boeing provided auto-pilot will crater them into the ground.
Sorry, this metaphor got away from me.
I wonder if you will still feel this way after he kills the Xbox console.
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.
while trying to buy a license they claimed i needed a subscription to 365 garbage first. hung up and installed linux.
Can’t he get the extremely terrible way of grabbing focus and changing z-order fixed? That would be great…
Curious about this - you mean in Windows? What’s the solution as you see it?
Every single application or popup window will always attempt to get the highest z-order and switch keyboard input focus from wherever you were working to this window.
More than once, this resulted in input into the wrong window, causing problems.
And running this piece of junk os in a triple monitor setup; why do new windows (mainly outlook related) open on a different monitor ? If my input is on monitor 2, why are new windows opened on monitor 1 or 2?
A straight forward install of a recent Ubuntu version is much friendly for the user. But, as stated by someone else, improving the product is not gaining any cash flow.
It’s been a little while since I used a KDE or Gnome desktop in anger; I can’t remember how they tackle issues where user attention is needed on an inactive app. What do you figure the best solution is? Make the taskbar/dock icon visually distinct (flashing, jumping, a badge, or similar) but don’t permit focus switch?
Blink the window-title and in case something like a taskbar is used, use the application icon to get attention.
But don’t act like you are the most important and single application on the system. Be modest.
Satya’s union of 1 knows how to negotiate apparently.
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.
