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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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[-] queermunist@lemmy.ml 14 points 2 months ago

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.

[-] Potatisen@lemmy.world 7 points 2 months ago

*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.

[-] queermunist@lemmy.ml 7 points 2 months ago

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.

[-] Potatisen@lemmy.world 2 points 2 months ago

Those are the only two options?

[-] queermunist@lemmy.ml 1 points 2 months ago

For corporations, yes. Profits are always the money left after expenses that are taken as surplus. I suppose there's also cooperatives, which redistribute the profits to the member-owners.

But profits are for the owners. That's how private property works?

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

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 post was submitted on 25 Oct 2024
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