4 ms·
Microsoft CEO's pay rises 63% to $79M, despite devastating year for layoffs
- rogerkirkness 2y agoHis job is to hit the number, so this makes sense.
- downrightmike 2y agoSeems like they are over paying
- marcusverus 2y agoMicrosoft has grown by leaps and bounds under Satya. The stock is up >1300%, which amounts to having added ~260B in market cap per year over ~11 years. Their previous CEO (Ballmer) was at the helm for 14 years, during which time the stock was down ~20%, amounting to an average annual loss of ~10B per year in market cap. CEOs aren't fungible.
- YetAnotherNick 2y ago> 2550 jobs lost in 2024. And 30% stock increase in last 12 months. Isn't layoff positive for the company if it is not hurting stock.
- paulryanrogers 2y agoJack Welch it all the way to the bank! Someone else will deal with rehiring if they cut too deep. And don't look behind the curtain at the over hiring that preceded these layoffs.
- YetAnotherNick 2y agoDoing a job in any company is literally a transactional deal. Employee shouldn't work if not paid, employer shouldn't work with them if they are not increasing value. Assuming as long as there is decent severance.
- paulryanrogers 2y agoOK ... And society shouldn't allow such massive pay offs to incompetent executives who get celebrated for buying the competition, cooking the books, and lining their pockets and those of their friends.
- TrackerFF 2y ago25.68% if we're going to be precise about it. Compared to S&P500 38.78% in the very same period.
- moralestapia 2y agoSatya is a great CEO, good for him. He solved the OpenAI "crisis" in an afternoon, I'll always lmao at that.
- okdood64 2y agoWho cares? If he completed his obligations for whatever goals were set, then well-deserved. If you have a problem with the board's goals, then you have another bone to pick.
- kelseyfrog 2y agoI don't get it. Why can't tech companies conspire to pay the employees minimum wage and then give the CEOs the remainder? If anything, tech CEO pay is relatively low compared to what it could be.
- jordanb 2y agoOn any other site I'd assume this was parody but on this site I can't tell.
- s1artibartfast 2y agoSimple supply and demand. If there were enough capable SWE lined up to apply, they could - just like burger flippers. Simple economics goes pretty far explaining these simple mysteries.
- tester756 2y agoI don't know why CEO pay topic is so controversial and it feels like people don't even try to understand why they receive those big total comps On the other hand barely anyone complains about SEs making 400, 600, 800+ TCs - and it's OK, why would anyone complain about it?
- eddd-ddde 2y agoThere's only so much a single person can actually do. Is it genuinely feasible to believe that some human's impact in a company can be 1000X that of another?
- para_parolu 2y agoCEO actions can easily lead to company bankruptcy. Not so much actions of some SWE
- rowanG077 2y agoYou don't know about knight? It went to zero from $400M in 45 minutes due to a bad deployment. Or about the power outage in 2003 due to a software bug which is estimated to have cost billions. The power a single well placed programmer has in a company is devastating. Much more devastating then a CEO. The CEO, no matter how incompetent has other intelligent people at least try to not make the company go bankrupt.
- tester756 2y agoThat's edge case, extreme scenario. 99% of devs at worst could drop database, but other bugs usually have marginal impact on revenue, or are caught by validation/QA (if missed by tests) >The power a single well placed programmer has in a company is devastating "Well placed" does a very heavy lifting here, because in compare to CEOs, a lot of them have very significant impact on the company.
- rowanG077 2y ago
- derelicta 2y agoWelcome under Capitalism, where parasites - the shareholders - are free to rule over the real wealth creators - the workers.
- para_parolu 2y agoUnder capitalism any worker can go start their own business.
- derelicta 2y agoSame under any socialist mode of production. But on top of that, they get to have indirect or direct democratic control of their business, something that is utterly alien in liberal democracies. So utterly alien that most westerns think that the republicanisation of the workplace is totalitarian.
- para_parolu 2y agoHow it is different then (genuine question)? If you are stakeholder you have direct or indirect control. You can add more restrictions like only people who are still employed can have shares (not sure what English term for this type of ownership). Or enforce business to always give shares to employees. Still doesn’t explain how large company will start if it needs large capital. I know it’s probably covered already but I never got deep into topic.
- derelicta 2y agoIf workers need capital to start their business, either they bring it with them, or they can borrow money from a bank, or even create a hybrid structure where the State owns shares in the said company (it's very common in China nowadays through State-owned investment firms). There are then plenty of options left! For very large projects then, like chip-making or space exploration, the State needs to step in; its way too complexe for "casual" workers to start. But then this institution will be very likely under indirect (through parliament) democratic control.
- jarbus 2y agoI’ve recently had to use Windows, office, and windows copilot. From what I can tell, this should be a 63% decrease.
- heroprotagonist 2y agoWhat happened to tying executive pay to security? What a hypocrite.
- moribunda 2y agoSo... He's doing his job, managing a company with over 200k employees, increasing revenue and company value, and earning 0.0003% of the company yearly revenue (0.0008% of net income) for it... #shocking But yeah, MSFT closed few game studios and this news is from a website about gaming industry, so it has to be bad, it is evil, people are losing jobs...
- Brandimorrison 2y agoSomeone keeps downloading hidden Microsoft apps on my phone it is cyber prime and Microsoft will not help me find out who's doing it I'm going to go to the authorities why won't you help me