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Sat 20.05.23 | 16:38
https://fortune.com/2023/05/17/microsof t-cmo-tells-employees-stock-price-most-i mportant-lever-pay-raise/ (https://archive.is/aiTkp)
Microsoft told employees earlier this month that, due to economic conditions, the company will not provide raises for full-time salaried employees.
Microsoft CEO Satya Nadella received a 10% pay raise in 2022, raising his total compensation to $55 million.
Microsoft’s net income in the most recent quarter increased 9% year-over-year. Microsoft is also pouring massive amounts of money into A.I. technology and on acquisitions such as the pending $69 billion purchase of Activision Blizzard.
Microsoft’s chief marketing officer Christopher Capossela, who just cashed out $4.4 million worth of stock, told employees angry about lack of salary raises that their best way to increase their pay is to make the stock go higher,