He made $12000 off each fired employee.
this post was submitted on 25 Oct 2024
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Per year. And lets not talk about his stock options and other benefits... Fucking disgusting.
The board doesn’t care about the number of people employed. They care about the current profitability and future profitability.
Of course that’s their job; to look after shareholder interests. And the money would move to a better investment if they didn’t.
It’s the whole system you need to change, if you seek change, not moan about an individual CEO.
Current profitability is up. Profit margins are also up from last year. But I could see investors looking at the lack of any path after the current Xbox and wondering why they employ so many there. I'm sure other areas have also seen some stagnation.
Regulate monopolies. Eat the rich.
Thinking of all the cool products this CEO has killed off. I would love to see this company split up so that maybe they could innovate again.
His salary increase must be inversely proportional to the quality increase in Windows 11.
his payrise is equivalent to something like 3000 US workers minimum wage annual salaries
if my math is correct (which it probably isn't)
Let's start exercising that 2nd amendment y'all!
I just want one outlet to break the shit cycle and report it for what it is : CEO got big pay rises thanks to savings made by eliminating jobs.
That is simply the neutral truth.
It’s not some freakish occurance, not some overtime golden goal shit, this is how it works. It’s the norm.
Headline confused "despite" and "due to"
yeah lol what do they think is happening here
I would like to propose some changes to that title:
Microsoft CEO's pay rises 63% to $79m, ~~despite~~ [because of] devastating year for layoffs: 2550 ~~jobs lost~~ [employees were fired by their greedy CEO] in 2024 [because he wanted more money]
fuck him not just for making those people's lives miserable, but for stamping down the fucking wages of everyone else in tech by flooding the fucking market
Because, not despite.
Immaculate concision
Well, yeah. How do you think they could afford Nadella's pay raise?
That’s roughly 30k for every employee laid off
If they were software engineers, they saved $200,000+ per person laid off
That's how he makes dem big bux, by telling other people to fuck off
Sounds like an easy sell to the board, then. It it's that much of a net positive in economics.
When was the last time you got a 63% raise?