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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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[-] dis_honestfamiliar@lemmy.world 4 points 2 months ago* (last edited 2 months 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.

[-] can@sh.itjust.works 4 points 2 months ago

Each day I become closer moving my setup away from windows entirely. I installed Ubuntu alongside windows but now I'm thinking I want a different distro and need to repartition I guess.

[-] FlightyPenguin@lemmy.world 3 points 2 months ago

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

[-] Kalkaline@leminal.space 3 points 2 months ago

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

[-] kitnaht@lemmy.world 3 points 2 months ago

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

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!

[-] Agent641@lemmy.world 1 points 2 months ago
[-] DarkSpectrum@lemmy.world 0 points 2 months ago

Yeah but I bet he met a KPI

[-] Nougat@fedia.io -1 points 2 months ago

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.

[-] reddig33@lemmy.world 2 points 2 months ago

Employees should buy up all the stock.

[-] Nougat@fedia.io 1 points 2 months ago

Unfortunately, they would only be able to buy stock that is for sale.

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this post was submitted on 25 Oct 2024
758 points (99.0% liked)

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