Because of the devastating year for layoffs.
The purpose of a system is what it does.
this post was submitted on 25 Oct 2024
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Work Reform
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And I bet he does less work in a day than every single one of the people who were laid off to fund his pay
Maybe they can come up with some technology that would someday take the position of CEO. Think of the savings...
Right, but the whole point of a corporation is to benefit insiders at the expense of the owners, employees, suppliers, customers, people that breath air, dolphins, platypi, etc.
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I'm pretty sure CEOs are supposed to be one of the most AI replaceable jobs.
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Every time a big company lays people off I always try to remember that it's not because they aren't making enough money as a company. It's because the "important" people want more money.
He get this pay becuase he laysoff people.
Executive compensation is structured around this.
He wouldnt bother withnthe layoffs if his comp didnt improve...
“Growth for the sake of growth is the ideology of a cancer cell”
Eat. The. Rich.
We can't even get people to go outside and meet live humans for sex anymore, everyone has switched to online apps for dating. People order food and groceries because we learned from Covid we don't need to actually interact with other people.
Does anyone actually expect us to mobilize and topple powerful financial institutions? We have the most comfortable society on Earth in the US. Despite how miserable everyone is, nobody wants to leave their soft chairs and giant computer monitors and immersive video games and discord chat channels where you can mute and block anyone you don't like. The only thing that could possibly change our course at this point would be some transhumanist/singularity nonsense like artificial general intelligence being developed and wrecking the economy.
But that's tech being developed and controlled by the wealthy elite, so my hopes faded long ago.
Maybe someone can make an app, so I can have someone paid at an insultingly low hourly rate to go protest/riot in my place?
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"Despite"
...because of layoffs
Yeah they want to make it clear that they laid off people and he should not get rewarded for it, however I think we all read 'thanks to the layoffs he could increase his pay'
Glad my layoff could help you out!
Where do folks think that money comes from if not layoffs?
Remember, he's the real victim here, he had to sign off on all those layoffs, he's going to have to live with that decision...
...in one of his multiple mansions.
He gets paid that much because he's one of the few people on earth who can make those kind of tough choices. The poor guy must be weeping into his caviar.
Our CEO announced layoffs recently and then even more recently sent a follow up email complaining about how people were complaining about it and saying how hard it has been for the executive team. We're a small company and I get the pain they are feeling due to financial constraints but at the end of the day we work for money and they are taking home 3-4x as much as anyone else each month while making all the decisions about how money is spent. It's hard not to become resentful.
Sorry to hear that, typical hierarchical power structure.
We need more worker protections, and more workplace democracy.
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~~despite~~
thanks to
I remember whn he first came on the scene, everyone was talking about what a genius Satya was-- for copying AWS's business model. Tnen he stated women should not ask for raises in 2014. This is what you get when you put someone in charge who was raised and educated inside India.
This is not India and we dont want it to become like India.
This is what you get when you put someone in charge who was raised and educated inside India. This is not India and we dont want it to become like India.
I think we can acknowledge this man's poor behavior and systemic misogyny in India without painting over a billion people as unqualified to lead or as dangerous to our country's cultural character. I have several of friends raised and educated in India, now living in the US, who are quite feminist--almost certainly more so than the average American citizen, especially given near half of Americans will vote for a sexual predator for the third presidential election in a row.
What you dont get is that people aculturized in this stuff see their abuses as good and righteous. Just like 80 years ago in the US husbands thought it was just fine to spank their wives if they werent keeping the household the way they wanted it, and thought of it as teaching them proper upbringing. I dont want anyone raised in a regressive culture in charge. The ideas of an exeutive leader filter down through the org they lead a lot mroe than you'd guess they would.
Absolutely insane. I literally cannot fathom accepting that much money when there are so many other people who need it more.
That's because you're not a piece of shit. Most major companies CEOs are pieces of shit
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Wow! He must be not just hundreds but many thousands of times more productive than an average employee! Incredible! Well deserved.
Wow such work, much deserve
What a miracle! He must work that much harder than everyone else there! I'll bet A.I. could never do as good a job as he does!
I almost forgot... I heard his marbled meat will taste better than many other breeds of billionaire, especially when slow-smoked over Mesquite. I hope we are able to taste that one day.
more like because of the layoffs
I got a 63 cent raise this year too!
while trying to buy a license they claimed i needed a subscription to 365 garbage first. hung up and installed linux.
It’d be cool to never be held accountable for bad business moves, but we also know that layoffs are celebrated by Wall Street for cutting costs.
"despite"
Fire the CEO and hire back the best with pay rises, if they're willing. JC, MS, get a grip on yourselves.
Satya's union of 1 knows how to negotiate apparently.
On the one hand, Nadella has, in my opinion, saved Microsoft. They were on a downward spiral right before he took over. On the other hand, nothing justifies a $79.1MM salary. That is grotesque.
They still are, they might have started to pull up, by they're still squarely on a collision course with the ground. When this AI bubble pops, thier Boeing provided auto-pilot will crater them into the ground.
Sorry, this metaphor got away from me.
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