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.

  • @Potatisen
    7•27 days 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•27 days 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•26 days ago

        Those are the only two options?

        • queermunist she/her
          1•26 days 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•26 days 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.