Microsoft Lay-offs - while CEO earns $84m in first year

[JustChilliing]

Original story brought to you last month;

 

http://linustechtips.com/main/topic/403011-microsoft-cutting-7800-jobs-from-its-hardware-division/

 

Some info on his salary, reported by EDGE magazine published in the September issue. Just thought I'd share the figure. I'm a big MSFT fan, but corr check that out...

 

 As printed...

 

 

"I don't take changes like these lightly... they affect the lives of people who've made an impact at Microsoft."

 

CEO Satya Nadella, First Year pay package; $84m

 

 

 

Fair enough to whatever he's done to the company, and I understand that the brand (Nokia) wasn't doing well, but he could keep half that staff for half his salary!

 

 

 

 

Please note, this thread isn't about attacking Mr Nadella, just be aware!

[SurvivorNVL]

Eugh.

[wangyuji431]

 

That would be a long-term dedication. 

As well, rich people tend to not like sharing.

[arronleeds]

arsehole he is, cant stand greedy people.

 

thats a hell of a lot of money, instead of being a twat, he could have kept people on and paid them off his back, not like hes gonna spend all of that...

[JustChilliing]

Just so you know; that's $47,000 an hour before tax.

 

I don't even earn that in a year in my current position!

[XTankSlayerX]

Being the CEO of ANYTHING isn't just sitting at a desk all day counting your millions...

It's tough work. A simple mistake could have horrible consequences...

[Kherm]

wait so he's gonna keep 8k people employed and just standing around doing nothing? The reason they were layed off is because they weren't needed.  

[JAKEBAB]

He worked all his life for this, why should he give up what every other CEO of every company never did .

[JustChilliing]

Being the CEO of ANYTHING isn't just sitting at a desk all day counting your millions...

It's tough work. A simple mistake could have horrible consequences...

 

And I appreciate that, it's something I don't think I could do without a break down, but speaking of consequences...

 

wait so he's gonna keep 8k people employed and just standing around doing nothing? The reason they were layed off is because they weren't needed.  

 

Again, very good point, but I don't think they could have possibly thought that Windows Phone, today and now, would fend off Android and iOS?

 

They'll probably re-hire a bunch of them in a few years IF Windows Phone starts to do well. But anyway.

[AlwaysFSX]

Should take $40m for employees, and $20m for FS12.

[JustChilliing]

He worked all his life for this, why should he give up what every other CEO of every company never did .

 

8,000 people.

 

It was his predecessor who failed though, but this is good criticism!

[SurvivorNVL]

He worked all his life for this, why should he give up what every other CEO of every company never did .

Well, to do the right thing, and of course save 8000 employees from being jobless.  Even with Microsoft's severance pay they all still only have so long to find work and now the market has a -lot- more people looking for work due to those layoffs.  

[AlwaysFSX]

He worked all his life for this, why should he give up what every other CEO of every company never did .

You don't need $84 million. Those employees could have been paid very well which would over time improve the economy if every CEO did this. Of course dollar values would have to change but in the end everyone would be better off.

[Xorbot]

And Iwata was the one who died instead.

[AlwaysFSX]

And Iwata was the one who died instead.

It's not like Nintendo is actually doing anything useful though. They're just repeat fuckups for the past decade.

[JustChilliing]

And Iwata was the one who died instead.

 

No need to wish-ill upon him. He'd be a bad CEO, as mentioned above, if he kept 8k people for no reason.

[AlexGoesHigh]

84 million is money but for the scope of a company like ms that's nothing, they make that in less that an hour, as for the layoff, yeah it sucks but that decision wasn't easy at all, only keeping the needed personnel is business 101, any more is unwanted unnecessary overhead, also the layoffs is costing them more money that what they pay that staff, its not a simple "fuck off, we don't need you" thing, those people are getting pay for like 6 months with full benefits like if they had a job, that is so they don't have to sweat big time looking for a new place which shouldn't be hard at all given these people worked on nokia hardware, there's also the chance that ms could hire them back

 

i'm saying this not to defend ms because this shouldn't happen to anybody, period, but the situation those people are facing is nowhere near as bad as it sounds like, this is more like steeping a stone that anything else

[SteveGrabowski0]

I wonder how many H1B workers he will hire for half what those 8000 were making.

[JustChilliing]

​I was wondering what country all these workers are from actually, based in Finland or what?  

[79wjd]

You don't need $84 million. Those employees could have been paid very well which would over time improve the economy if every CEO did this. Of course dollar values would have to change but in the end everyone would be better off.

also known as socialism, which leads to issues like a lack of motivation to work. In theory socialism is a great idea, but in practice it doesn't work. 

[Commander Llama]

Since he makes a good chunk of what I do in a year by the time he's got in and had a shit, I think he should buy me a Surface Pro 4. Thanks bud and keep up the good work!

[Misanthrope]

Yes he works hard. A lot of people worked damn hard and still got fired. Working hard doesn't means you in any way deserve a ludicrous amount of money: that's just a way of thinking to make others think that by working hard they can eventually make it. Guess what? Millions work hard, every fucking day, and can barely feed themselves and their families. No CEO works harder than say a Foxconn factory employee.

 

You require a lot more talents and a lot of carelessness that cost hard working people their jobs to get to millionaire, 47k per hour levels of money. And Nadella might be a rare exception since most rich people i.e. his family for probably a couple of generations if not more, won't have to lift a fucking finger to not only be rich but stay rich.

 

Stop defending or justifying CEO salaries.

[AlwaysFSX]

also known as socialism, which leads to issues like a lack of motivation to work. In theory socialism is a great idea, but in practice it doesn't work. 

You're thinking of it like socialism, I see it as paying an employee a decent amount of money. Not just giving them hundreds of thousands of dollars, no, our economy would collapse overnight if that happened. But a healthy increase.

[BuckGup]

The rich get richer and the poor get poorer

[Commander Llama]

Stop defending or justifying CEO salaries.

 

Yeah, to expand on this point:

 

Sure a CEO works really damn hard. Heck, maybe it's one of the hardest jobs on the planet. So let's say you're a senior engineer (tech field) in a very demanding, very stressful work environment, but you pull in, say, $150,000 a year.

 

Do you think being a CEO is 560 times harder than that?

 

Sure, comparing workloads and its myriad of short, medium, and long term stress levels is difficult, but I think I know the approximate answer: it's not.