Microsoft boss Satya Nadella will earn a wallet-busting $79.1m (£60.9m) this financial year, up 63 percent on his compe…

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.

  • queermunist she/her
    14•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
      7•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 she/her
        7•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
          2•2 months ago

          Those are the only two options?

          • queermunist she/her
            1•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
        1•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.