A Boring Dystopia

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Steve Ballmer is set to make $1 billion a year for doing nothing | CNN Business (edition.cnn.com)

submitted 10 months ago by iraq_lobster@slrpnk.net to c/aboringdystopia@lemmy.world

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[–] FlyingSquid@lemmy.world 1 points 10 months ago (2 children)

What amount of capital has Ballmer provided? Please give us a number in dollars. You can round it off.

Also, what amount of capital would not be provided if Ballmer didn't increase his wealth by $1 billion off of it? Again, you can round it off.

[–] throwwyacc@lemmy.world 3 points 10 months ago

Actually quite interesting in the case of Ballmer as he was an employee compensated via stock rather than straight up cash

You'd consider that an investment as he was investing his time to be a business manager while being compensated probably less in cash that would be normal for the position

So as early Microsoft didn't have the cash on hand, or didn't want to give up that cash they could use elsewhere they gave equity as compensation

How do you suggest we should remove this situation? Should we not allow compensation in the form of equity? Or should ownership of equity not exist generally?

[–] Djtecha@lemm.ee 1 points 10 months ago

Ballmer also got Microsoft their first major contract back in the day. He did contribute massively to what MS is today. To that dollar value? No, no one contributes THAT MUCH. But it's not like he wasn't extremely impactful.