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Microsoft Freezes Salaries for 2023

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Re: Microsoft Freezes Salaries for 2023

#361

Post by WalterBright »

UncleMeat wrote: post #258
WalterBright wrote: post #201

Earlier quoted context omitted.

Google sez: "Of this total $2,500,000 was received as a salary, $10,066,500 was received as a bonus, $0 was received in stock options, $42,269,560 was awarded as stock and $110,250 came from other types of compensation." Set this against the several hundreds of billions added to the MSFT value during his reign, and his compensation is the bargain of the century. As a longtime MSFT shareholder, Nadella's compensation…

Sure. He gets a fat bonus because the stock is up. You still aren’t explaining why this doesn’t apply to the rest of the workers.

Microsoft has minted more millionaires among its employees than probably any other company.

I'll let you in on a secret. Regardless of what the official policy is for a company, if you feel you're undervalued, and you're right, you can negotiate the pay you feel you're worth. And if you cannot reach an agreement, there are plenty of other tech companies. In the Seattle area, there's Amazon and Google, for example. You wouldn't even have to move.

Re: Microsoft Freezes Salaries for 2023

#363

Post by ghaff »

onlyrealcuzzo wrote: post #343
Firmwarrior wrote: post #308

Man oh man. Microsoft really just has no interest in keeping motivated and talented people around. The brain drain is going to ramp up even more from here If you're still at MSFT: do yourself a favor and jump ship. It's a good job, but there are even better jobs out there. Just tell the recruiter when you get your new job offer that you've been drinking $5,000 a year's worth of free soda, and you'll need them to matc…

MSFT has an absurd amount of people that have been there for like 15+ years. Most of them have houses with payments that are next to nothing and can do their jobs in their sleep. They're not going anywhere.

Any large company has people in a lot of different economic, lifestyle, and points in their career. But perhaps especially at Microsoft, you have a lot of people who have been there for ages, may well have paid-off houses, have probably made loads of money on Microsoft stock and are pretty comfortable where they are. Of course, they'd rather get a few percent added to their salary. But many people in this category will and stay put unless they're actively unhappy. That's a pretty sensible strategy in a lot of circumstances.

Re: Microsoft Freezes Salaries for 2023

#364

Post by throwawaysleep »

Firmwarrior wrote: post #308

Man oh man. Microsoft really just has no interest in keeping motivated and talented people around. The brain drain is going to ramp up even more from here If you're still at MSFT: do yourself a favor and jump ship. It's a good job, but there are even better jobs out there. Just tell the recruiter when you get your new job offer that you've been drinking $5,000 a year's worth of free soda, and you'll need them to matc…

If you are a motivated and hardworking employee in this day and age, you are being scammed.

Re: Microsoft Freezes Salaries for 2023

#365

Post by korginator »

With the rate of inflation and interest rates going up, salaried workers need a cost of living adjustment at the very least, even if we forget about a bonus or a big pay hike. This decision is unethical to full-time employees seeing the tidy profit they made. It's a clear signal to the employees not to expect any practical reward for hard work, what a great way to motivate people.

This is yet another large and powerful company acting to appease the market so their stock price goes up a bit and the shareholders are rubbing their palms in glee.

Now I'm off to watch "Office Space"

Re: Microsoft Freezes Salaries for 2023

#366

Post by WalterBright »

danaris wrote: post #289
WalterBright wrote: post #47

Earlier quoted context omitted.

Anyone can buy MSFT and get their share. As for the employees, they have stock options and are getting a piece of the all-time high stock price. Although MSFT's all time high stock price was in 2021. This goes for all public corporations. Anyone can get a piece of the action by buying some stock in them. As for the size of Nadella's compensation package, speaking as a long term MSFT shareholder Nadella has earned it.…

"Anyone" who has disposable income. So, y'know. Not the 58% of Americans who are living paycheck-to-paycheck. And, um...you know what you call people who buy a stock at its all-time high ? Suckers.

> "Anyone" who has disposable income.

You can buy fractional shares from robinhood.com.

> Not the 58% of Americans who are living paycheck-to-paycheck.

I've known many of them, with a McMansion and his&her new cars in the driveway.

> you know what you call people who buy a stock at its all-time high? Suckers.

You're in luck, MSFT is 20% below its all time high.

Re: Microsoft Freezes Salaries for 2023

#367

Post by ryanSrich »

Firmwarrior wrote: post #308

Man oh man. Microsoft really just has no interest in keeping motivated and talented people around. The brain drain is going to ramp up even more from here If you're still at MSFT: do yourself a favor and jump ship. It's a good job, but there are even better jobs out there. Just tell the recruiter when you get your new job offer that you've been drinking $5,000 a year's worth of free soda, and you'll need them to matc…

This is pretty terrible advice when the job market, even for extremely well qualified and experienced engineers, is less than ideal. If you’re a highly paid engineer I’d suggest holding on to that job for at least another 24 months.

Re: Microsoft Freezes Salaries for 2023

#369

Post by lakecresva »

cat_plus_plus wrote: post #305

Even the biggest corporate CEOs get confused by socialist talk and end up recreating some of socialist inefficiencies in their own companies. Why would I invest exceptional effort or take risk working on far fetched projects if exceptional success in terms of market share or profits will not be rewarded? If I am good, I can work 6 hours a day and still be the most productive employee on the team. How does one-fit-all…

What if I told you that the time and effort required to develop and deploy accurate tracking metrics for every employee's individual productivity and the negative externalities that would fall out of openly stratifying worker pay based on these minutiae (worker dissatisfaction, turnover, degraded performance, poor reputation among potential new hires) would outweigh the benefit your marginal increase in motivation and job satisfaction brings to your employer?

Re: Microsoft Freezes Salaries for 2023

#370

Post by abdabab »

iJohnDoe wrote: post #323

$18.3B in profit is pretty amazing by anyone’s standard. Especially with no pay bumps following. 20-30 years from now this will be used as a reference in history as an indication of how completely fucked up the world’s economy was at this time in history. It’s a signal. It’s a warning. It’s a sign of where we are heading. Only time will allow it to unfold. The typical naysayers can only be proven wrong with time and…

> how completely fucked up the world’s economy

Wasn’t economy always effed up that way? I can’t think of a time economy wasn’t driven by corporate greed to make more profit.

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