Microsoft CEO Nadella's compensation drops... to $48M — CEO to employee pay ratio hits 250 to 1

Comments

• foggy@lemmy.world ⁨1⁩ ⁨year⁩ ago

  I’d support laws that limited CEO:Employee wage ratio to something more like 10:1.

  If you pay me 100k and you’re making 1m, I can accept that there is no room for a raise or a bonus.

  If you are making 10m and I am making 100k and you deny me a raise, I’m feeling disenfranchised.

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  • Ravi@feddit.de ⁨1⁩ ⁨year⁩ ago

    I’d like to see such a rule, but doubt that there won’t be any loopholes to circumvent it. You can already see some of those in sports. There are a lot of stories on how clubs “dealt” with financial fair play in european football and I heard rumors of a similar thing with the american salary cap too.

    Just some ideas:

    • ridiculously long contracts with “fair” pay
    • managers are working for a seperate company that only contains managers
    • seperate overpayed contracts for a none existing job
    • material/service based rewards like private jets

    All in all good luck with finding a politician pushing this through (most lf the are exactly in those positions) and finding all the loopholes. Rich people can pay a lot of experts to become even richer

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    • ribboo@lemm.ee ⁨1⁩ ⁨year⁩ ago

      There will always be loop holes, but then you fix those. And regardless, loop holes are not used by all, and they take time to find. So that’s no reason not to do it.

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    • AstridWipenaugh@lemmy.world ⁨1⁩ ⁨year⁩ ago

      All you have to do is have a subsidiary corporation that the executives work for. They get paid whatever insane amount and the parent company hires the executive company so it’s not direct payroll. I’ve seen this exact arrangement done for other tax reasons.

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  • onlinepersona@programming.dev ⁨1⁩ ⁨year⁩ ago

    Do you live in Europe? Then do consider signing the commission for the EU commission www.tax-the-rich.eu

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  • phoenixz@lemmy.ca ⁨1⁩ ⁨year⁩ ago

    This. So this. I’ve been saying the same for years, if not decades. The highest salary in a company should never be allowed to pass the lowest by a factor of 10.

    Also, companies should be limited to 1000 employees and an x amount of value.

    Companies should become less influential

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• alcasa@lemmy.sdf.org ⁨1⁩ ⁨year⁩ ago

  Guess he has only been working 250x as hard as the other employees

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  • fosforus@sopuli.xyz ⁨1⁩ ⁨year⁩ ago

    Dunno why “working hard” is such a thing. There are some situation where it’s a necessary thing but not many.

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  • yoz@aussie.zone ⁨1⁩ ⁨year⁩ ago

    I closely work with the CEO at my organization and their whole job is decision making. If you have common sense then you can be a CEO

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  • cricket97@lemmy.world ⁨1⁩ ⁨year⁩ ago

    unironically I do think that the ceo of a corporation as big as Microsoft does much greater than 250x the work as a low level employee. Not in terms of hours spent, but in terms of skill required and impact.

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• vzq@lemmy.blahaj.zone ⁨1⁩ ⁨year⁩ ago

  That’s still an obscene amount of money, but I appreciate the trend reversal.

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  • echo64@lemmy.world ⁨1⁩ ⁨year⁩ ago

    It’s not reversing. He didn’t hit the right metrics to get the 50M he could be getting. He just didn’t get his bonuses.

    He also froze employee wages a few months ago, thanks to inflation, if anything, it’s set up to accelerate to get even worse.

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• FrankTheHealer@lemmy.world ⁨1⁩ ⁨year⁩ ago

  OH NO! However will Mr. CEO survive on checks notes $48,000,000 annually. It’s almost cruel to expect him to live on such a paltry figure.

  Those cruel shareholders have no heart

  /s in case it’s not obvious

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• nodsocket@lemmy.world ⁨1⁩ ⁨year⁩ ago

  The CEO is an employee.

  If I make ten times the minimum wage, am I working ten times as hard as a minimum wage earner?

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  • hydrashok@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

    Not harder, but it’s also a matter of knowledge. You couldn’t take any person off the street and have them be a successful CEO tomorrow. Same with other specialized roles, like medical roles, some IT areas, rocketry, etc.

    That said, pay and benefits disparity is a real thing and I’d love to see it addressed. But what is reasonable to me may not be to others.

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    • grue@lemmy.world ⁨1⁩ ⁨year⁩ ago

      You couldn’t take any person off the street and have them be a successful CEO tomorrow.

      Are you sure? Has anyone ever tried? Maybe we should do an experiment!

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• AgentGrimstone@lemmy.world ⁨1⁩ ⁨year⁩ ago

  I hope he can financially recover from this

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• BertramDitore@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Nice hoodie Satya, bet it cost more than my annual salary.

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