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.
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.
*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.
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.
Those are the only two options?
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?
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.