SmirkingCat 🐀
Kevin BeaumontMicrosoft, one of the world’s most profitable companies - a story in two parts.
Piere Woehl@GossiTheDog invests Money in Product, stops investing in the people creating said product. Who the hell was thinking there
Hollis@GossiTheDog Is there a report on this not behind a paywall? I need to share this with the fanboys at work...
Michal Bryxí 🌱@GossiTheDog If you look close enough, then *any* company providing employees with stock works like this.
Alun Jones@GossiTheDog Wow, what a colossal arsehole. In a world with any kind of justice, the look of this alone should get him fired.
ErnstGucker@GossiTheDog Are $7.5 million in shares are really that influential on Microsoft‘s share prices? I doubt that. Maybe that dude needs a new boat/car/flat or whatever. Do we know how the execs of Apple, Google, Tesla etc handle that topic? I think it is the same everywhere. As long as money is involved, people will act accordingly
Brian Newton@GossiTheDog pump an dump?
Vandhana Kumar
Kevin RussellMiddle finger tech bros, middle finger.
Break up the tech monopolies, break into pieces small enough to NEED tobe polite to customers.
Break up Microsoft into 100 firms.
\\And dont install it FFS!!
Holir_@kevinrns @GossiTheDog Then hit the investment management companies next
When banks, BANKS, became too big for the American democracy, with outsized control, America SMASHED THEM TO TINY BITS.
No bank was allowed to have branches more than a few miles from head office. Made small by law. Because big banks aren't servants, theyre masters.
We broke up the trusts, then they bribed their way back. A multi generational plan.
It is time to restore democracy.
ENFORCED Antimonopoly laws are enough for investment management companies
Seaslime@kevinrns @Holir_ @GossiTheDog wait when did America break up the big banks? I thought this was famously a thing that didn't happen
@SeaSlime @Holir_ @GossiTheDog
If attempts at banking reform are your meat or potato, there's good stuff here, mixed up with a little triumphalism.
But here's one:"The McFadden Act specifically prohibited interstate branching by allowing each national bank to branch only within the state in which it is situated."
https://en.wikipedia.org/wiki/History_of_banking_in_the_United_States
Fellows@GossiTheDog that’s pretty sad, nothing but greed at the end of the day.
Ken@GossiTheDog @rbreich - Here is a CEO pay discrepancy example for you.
Duke of Germany 💫I am sure they tried everything, but their hands were tied!! 🥲
Khalid ⚡
kira :3@GossiTheDog "it's the engineer making $250k, that's where all our money's going" -a guy who's making $55m
Exindiv@chrisisgr8 @GossiTheDog
"Why that's 220 engineers right there! Not even contributing to productivity!"
"Why that's 220 engineers right there! Not even contributing to productivity!"
Krishean Draconis
Waterluvian@GossiTheDog They’ll give raises to the employees who can and are about to walk out the door.
Blakeas a Game Developer my wages stagnated for years (remember it being 4 years) prior to THQ's pre-bankruptcy-filing due to a 'freeze' mandate like mentioned above
THQ went bankrupt in 2013, our entire (Canadian) development studio (at the time making AAA titles expected to gross millions in their first months, > 100 employees) had their wages frozen for years of terrible decision making by parent-company (American) executives
🐧DaveNull🐧 ☣️pResident Evil☣@GossiTheDog How surprising…
A company that has been screwing the whole planet since the company's first day of existence, doing shitty things for profit, who could have guessed…?
steakfrite@GossiTheDog You don't understand! You're not a businessman! That's how they STAY among the world's most profitable companies. That's what I would say if I was a braindead billionaire shoe licker.
@GossiTheDog if I made that much in one year - or in 10 years - I’d retire and start working for the good of society rather than for survival and stability. $55,000,000 is enough to establish a trust that can support a family on investment income alone in perpetuity; Income above that threshold should be taxed at 99%
Magnesium@ShadSterling @GossiTheDog ooh, I like this idea to limit greed by heads of companies! I'm not sure that the government should get it though.... With how incompetent they are at finding social services
James WuMedian family income in the US is 89k, so even 2% withdrawals off of $5m is enough to support a family in perpetuity.
4% out of $55m would support 25 median US families.
@analogist @GossiTheDog around here it takes about $75k/year to support one person, if they have no debts or health problems; I can’t imagine supporting a family on only 18% more, but maybe that’s why so many people put up with a multi-hour commute. What people currently scrape by on is not the standard we should go by
Nicole ParsonsWhen private equity hedge fund managers order up a recession, they follow it up with directions to make one happen. By hook or by crook.
Their doom crying on CNBC and Fox Business is intended to manipulate the markets into triggering a recession-response & create a self-fulfilling prophesy.
Ordering profitable companies to freeze hiring, freeze salaries during a high-inflation period, and conduct mass layoffs is how you manufacture a well-timed financial crisis for 2024.
Wayne Werner@GossiTheDog I especially like the part where $MSFT is up 0.89%
New England Clam Chowder
Brody Berg@GossiTheDog feeling bad for all the leaders there who now get to “own the message” to their directs
NoTheOtherNick 
CIWS-30@GossiTheDog I never understood this duality, if times are tough and they can't afford raises, surely the most expensive salaries are the ones that should be frozen first, if not cut?
In Japan, CEO's got a pay cut during tough times, and it blew my mind.
Hubert Figuière@GossiTheDog
Microsoft sucks and Windblows is a virus...
Microsoft sucks and Windblows is a virus...
Dale Hirt@GossiTheDog @TimmyTechTV and I were just talking about this
Paul Pop Jr
jfml - Jonas Laugs@GossiTheDog Just like in every other company including the German publich railway!
Lyle Solla-Yates
🏁⚡Omar Two Tone⚡🏁
@GossiTheDog
We all know that very well... but the question is: what are you doing to revert that?.. as consumers we have many alternatives at least for our personal using.
We all know that very well... but the question is: what are you doing to revert that?.. as consumers we have many alternatives at least for our personal using.
M EiloI was laid off from Microsoft in February. Can not find a job. This is infuriating.
Runtt@GossiTheDog So, is the Warren tweet from 2022 as well?
Badscrew@GossiTheDog maybe, just maybe these are related?
Or maybe ONE IS THE RESULT OF THE ANOTHER
Or maybe ONE IS THE RESULT OF THE ANOTHER
Thestaroftheworlds@GossiTheDog ugggggghhh this is frustrating!
C_Chell
The Animal and the Machine@GossiTheDog @gwynnion
If a company doesn’t give you a pay rise, it’s because it thinks it doesn’t have to. All other reasons are bullshit.
If a company doesn’t give you a pay rise, it’s because it thinks it doesn’t have to. All other reasons are bullshit.
Galad@GossiTheDog Wage Theft.
will-r-s-hansenMicrosoft has about 200 000 employees. That 10% raise for the CEO works out to about 25$ per year extra salary per person.
I agree CEOs make too much money, but that's just not where the bulk of raises are going
Edit: just saw the 60 billion $ in stock buybacks. That'd do it.
Southern Leftist@GossiTheDog
I almost forgot it was a CEO.
"Economic conditions"? More like greed!
Steven Hilton@GossiTheDog posts like this need the #capitalism hashtag
Generation Zen@GossiTheDog time to unionise
estheria 🌈 🏳️⚧️ 🌌@GossiTheDog I get it and agree it's ridiculous, but giving the dude's 55 million to employees works out to under $300 each (221,000 full-time employees per web). That's a 3% raise for a $10,000 salary, which no one in the US is getting paid at Microsoft. This is an eye-catching juxtaposition but it doesn't strike anywhere near the heart of the problem