this post was submitted on 25 Oct 2024
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Work Reform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

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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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[–] queermunist@lemmy.ml 7 points 1 week ago (1 children)

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.

[–] Potatisen@lemmy.world 2 points 1 week ago (1 children)

Those are the only two options?

[–] queermunist@lemmy.ml 1 points 1 week ago

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?