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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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[-] Kalkaline@leminal.space 3 points 5 days ago

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

[-] FlightyPenguin@lemmy.world 3 points 5 days ago

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

[-] slowmotionrunner@lemmy.sdf.org 1 points 4 days ago

He is compensated for company performance, not headcount.

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[-] Nougat@fedia.io 2 points 5 days 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 5 days ago

Employees should buy up all the stock.

[-] Nougat@fedia.io 1 points 5 days ago

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

[-] DarkSpectrum@lemmy.world 1 points 5 days ago

Yeah but I bet he met a KPI

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this post was submitted on 25 Oct 2024
734 points (100.0% liked)

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