Microsoft CEO's pay rises 63% to $73m, despite devastating year for layoffs
Microsoft CEO's pay rises 63% to $73m, despite devastating year for layoffs
Microsoft boss Satya Nadella will earn a wallet-busting $79.1m (£60.9m) this financial year, up 63 percent on his compe…
cross-posted from: https://lemmy.world/post/21252819
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.
Unclear from article (at least, for me) how much of this is existing stock grants only now vesting, vs. approved raises/new grants/etc.
Not that it particularly matters --- big compensation at the top with tumult for the folks at the bottom is...not a good look.
That's just capitalism at work, baby.