Baki
Member
It's not a money issue. They have plenty of profit. They can afford it. They just know that they're already paying top market rate for their employees and because the tech market is soft, they don't need to do an annual raise.
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Microsoft / Activision Deal Approval Watch |OT| (MS/ABK close)
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It's not a money issue. They have plenty of profit. They can afford it. They just know that they're already paying top market rate for their employees and because the tech market is soft, they don't need to do an annual raise.
feynoob
Banned
The difference is that the money for activision is being used to expand the company, which will generate more money for them.
Morally, its wrong and shit tactic. But when you are a business person, your top priority is increasing your business, not your employee salary. That is what pays their salary.
gothmog
Gold Member
And they wonder why the culture sucks. These types of announcements will have side effects for years.
I'm not exactly sure what you are trying to say here, so i'm just gonna give you a link that should clear up your confusion as to how exactly luna works.
Amazon Luna: Cloud Gaming The Amazon Way
Did you know Amazon has a cloud gaming platform? Amazon Luna first launched in 2020, amassing a library of famous titles like Batman: Arkham Knight and Fortnite. As a result, more people like you may
technology.inquirer.net
MasterCornholio
Member
no raises for Jezz, Tim, Colt and Tom
So they are still working for free?
TheThreadsThatBindUs
Member
Or... you could look at it another way and see that the talented employees that work at MS are the ones who execute the businesses that made them into a multi-trillion dollar corporation. So regardless of how well their employees get paid relative to other companies, the employees are the reason the company makes any money at all. And so their efforts should be rewarded, instead of siphoning off profits to shareholders and freezing salary increases just because Azure missed its profits target by X%.
Baki
Member
Employees are probably one of the largest shareholders in MS. Almost half of their comp is stock. It’s in their best interest that the stock price does well as it directly impacts their take home pay.
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TheThreadsThatBindUs
Member
And how much of that is upper management and the directors?
Regardless, it doesn't take anything away from my point.
skit_data
Member
Oh god that song.
Dunno if it’s a common drinking game but I got so wasted the first time doing it.
-Guys drink on ”Put on the red light”
-Girls drink on ”Roxanne”
Forever etched in my memory.
Topher
Identifies as young
$18.3 billion in profits. Why people make excuses for a $2 trillion corporation.......I'll never know.
Schmick
Member
It's a question I've been asking myself a lot recently, "How much does someone need to make?" UK energy are suppliers are reporting record profits yet UK consumers are struggling to pay their bills.
Topher
Identifies as young
People live off what they have budgeted. Inflation is mucking up those budgets in a big way. So a company is bringing in record profits and telling their employees "sucks to be you" as far as raises that could help greatly in the face of higher cost of living? Shouldn't be that way.
feynoob
Banned
Wouldn't salary increase means price increases on their products?
bitbydeath
Member
A price decrease would be more in order for how much money they make.
Topher
Identifies as young
It would mean higher costs and lower profits.
Pelta88
Member
When people state that Microsoft has the absolute right to buy publishers, rework and write up contracts which sever other platforms from the revenue COD generates...
Only to turn and defend Microsoft's refusal to spend a fraction of that 70 Billion on their own employees. All while being acutely aware that inflation and the economy is the craziest it's been in decades, is acutely kinda sad on an individual level.
This dedication to a conglomerate who doesn't give a single fuck about you is one thing. Doing so at the expense of your fellow man is abhorrent. Before you post in support of that shit, think.
Only to turn and defend Microsoft's refusal to spend a fraction of that 70 Billion on their own employees. All while being acutely aware that inflation and the economy is the craziest it's been in decades, is acutely kinda sad on an individual level.
This dedication to a conglomerate who doesn't give a single fuck about you is one thing. Doing so at the expense of your fellow man is abhorrent. Before you post in support of that shit, think.
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Thirty7ven
Banned
Late stage capitalism has been insane on that end, got companies fast tracking inflation, cutting jobs, freezing raises, all amidst record profits and people put up and sometimes even defend it. Explain that shit.
feynoob
Banned
Were you sleeping this entire time?
People were calling for them to leave UK and take their business away from UK, while not giving shit about people who are going to lose their job due to that decision.
I am afraid these people have no shred of feelings.
The reason they're not offering it is because they know the market is screwed at the moment with people losing their jobs so they're unlikely to protest it or leave.
a few years ago they would have been asking them to stay.
intheinbetween
Member
If you truly believe no salary increase this year is because the amount of money reserved for the ABK acquisition, then you have no idea how it works.
Microsoft is laying off 10.000 employees worldwide, probably they will layoff more by the end of their FY, so do you think salary increase would be fair while laying off so many employees? Layoffs are not because Microsoft is struggling sales wise, heck just take a look at their stock price, it is actually skyrocketing since their investment in OpenAI.
Microsoft is laying off 10.000 employees worldwide, probably they will layoff more by the end of their FY, so do you think salary increase would be fair while laying off so many employees? Layoffs are not because Microsoft is struggling sales wise, heck just take a look at their stock price, it is actually skyrocketing since their investment in OpenAI.
feynoob
Banned
One of the reasons why i can't quit my job.
It's hard to find a stable job. Even though the pay check would be nice in my new job, Its not guaranteed that I will have stable paychecks.
People are getting sent home early and some companies are laying people off.
1) The link between the 70bn deal and pay freeze is speculative at best
2) Microsoft shouldn't need to have a pay freeze
3) None of these big tech companies require pay freeze or job cuts but they are doing so because it's an opportune time for them
4) Stating point 3 is not a defense of it
5) Unfortunately consumers do defend all kind of 'shitty practices' from corporations.
2) Microsoft shouldn't need to have a pay freeze
3) None of these big tech companies require pay freeze or job cuts but they are doing so because it's an opportune time for them
4) Stating point 3 is not a defense of it
5) Unfortunately consumers do defend all kind of 'shitty practices' from corporations.
IFireflyl
Gold Member
I am the one that started this topic, and this isn't what I said. What I said is that it's ridiculous that Microsoft isn't giving raises, and that they're blaming the reason for this on the economy while:
- the company made over $18 billion in profit last quarter.
- the company is spending $69 billion on a publisher that they don't need since they already have more studios than the competition.
IllegalLemon
Member
I like the fact that a minor selection of individuals in here, who praised the CMA previously, thinking they would approve the deal, now resent and hate them for taking the opposite decision than the one they expected. What's funny is that the CMA is viewed by some is inadequate, incompetent boy scouts because they told Microsoft "You shall not pass".
This decision wasn't taken by a single person, it was a whole board of experts, who sifted through thousands upon thousands of pages of data, going through everything relevant to their investigation. Past histories, deals & other gaming related information. Then they all sat down at "the big round table" and discussed their findings, before reaching a consensus and a final decision.
They are veterans and experts, not twitter nobodies and armchair intellectuals. Unless you're a fanboy that got triggered by their decision and now view them as boyscouts & incompetent idiots and if that's the case, then I'm sorry the CMA hurt your feelings, but they're not here to defend Microsoft's interests or the interests of any billion/trillion dollar corporation for that matter.
If I were to listen to the opinions and verdicts of any person regarding their findings and investigations, I would listen to the experts who devoted their time and effort to looking all those documents, not some bought out, paid, spoiled manchild on Twitter, who had inhaled copious amounts of copium(pun intended), then proceeded by throwing a temper tantrum, going on a fanboy rampage and acting like an idiot who'll lose everything if the deal fails. And yes, I'm referring to Florian who basically knows jack shit about what he's talking about, and all those idiots who view his tweets as gospel and blindly latch onto anything he says.
This decision wasn't taken by a single person, it was a whole board of experts, who sifted through thousands upon thousands of pages of data, going through everything relevant to their investigation. Past histories, deals & other gaming related information. Then they all sat down at "the big round table" and discussed their findings, before reaching a consensus and a final decision.
They are veterans and experts, not twitter nobodies and armchair intellectuals. Unless you're a fanboy that got triggered by their decision and now view them as boyscouts & incompetent idiots and if that's the case, then I'm sorry the CMA hurt your feelings, but they're not here to defend Microsoft's interests or the interests of any billion/trillion dollar corporation for that matter.
If I were to listen to the opinions and verdicts of any person regarding their findings and investigations, I would listen to the experts who devoted their time and effort to looking all those documents, not some bought out, paid, spoiled manchild on Twitter, who had inhaled copious amounts of copium(pun intended), then proceeded by throwing a temper tantrum, going on a fanboy rampage and acting like an idiot who'll lose everything if the deal fails. And yes, I'm referring to Florian who basically knows jack shit about what he's talking about, and all those idiots who view his tweets as gospel and blindly latch onto anything he says.
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feynoob
Banned
I am an expert person.
Sure! Here is a sample resume that highlights expertise in merger and acquisition field:
[Full Name]
[Address]
[Phone Number]
Objective:
To obtain a challenging role as a Merger and Acquisition (M&A) Expert, utilizing my extensive experience in M&A strategies, negotiations, and deal structuring.
Education:
- Bachelor of Commerce in Finance, [Name of University], [Year of Graduation]
- Master of Business Administration (MBA) in Finance, [Name of University], [Year of Graduation]
Skills:
- Extensive knowledge of M&A strategies and deal structuring
- Strong analytical skills and experience in conducting due diligence
- Exceptional negotiation and communication skills
- Ability to identify and evaluate potential acquisition targets
- Experience in developing financial models and conducting valuation analysis
- Proven track record in successfully closing M&A deals
- Knowledge of legal and regulatory frameworks governing M&A transactions
Professional Experience:
M&A Expert
[Name of Company], [Location], [Year-Present]
- Lead strategic planning and execution of M&A transactions
- Conduct market research and analysis to identify potential acquisition targets
- Develop financial models and conduct valuation analysis to determine the feasibility of M&A deals
- Manage due diligence process, working closely with legal, financial, and operational teams
- Negotiate deal terms and structure, and oversee deal execution
- Provide guidance to executive leadership team on M&A opportunities and risks
M&A Analyst
[Name of Company], [Location], [Year-Year]
- Conducted due diligence and prepared financial analysis for potential M&A deals
- Assisted in developing financial models and conducting valuation analysis
- Conducted research on industry trends and potential acquisition targets
- Prepared reports and presentations to communicate findings to senior management
Certifications:
- Chartered Financial Analyst (CFA)
- Merger and Acquisition Certification (MAC)
References:
Available upon request.
feynoob
Banned
That is my resume. Not some phony internet resume.
Edit, here is my essay about my knowledge.
I got this degree with the help of Florian and
SenjutsuSage
academy.
Edit, here is my essay about my knowledge.
I got this degree with the help of Florian and
SenjutsuSage
academy.
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IllegalLemon
Member
It's a fair assessment to be honest. But even the EU has gotten stricter with regulations relating to Big Tech companies, so this could go either way honestly. Microsoft couldn't convince the FTC in order to enlist and get them by their side, and the FTC is literally in Microsoft's home turf, the good ol' US of A. So I have very little confidence that the EU will take their side to be particularly honest and forthcoming.The EU might have also been looking at the findings and conclusions of the other two regulators and might even join them in making a similar decision. It could go either way.
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IllegalLemon
Member
It's ok, I believe you
Ogbert
Member
Is that aimed at me?
ReBurn
Gold Member
Everyone who works for a company is an employee and contributes to its success. But at large companies like Microsoft the employees on the ground are rarely the ones who create or direct the successful business model. They don't execute the vision. As crass as it sounds, they are tools that the people executing the vision use to get the job done. It's a harsh reality, but the value for most companies isn't in the people doing the work. It's in the people using other people to get the work done. Most people doing the work just do what they are assigned, go home after their prescribed 8:hours, and they are compensated for their effort. They aren't deciding what to build or where to invest resources. They tend to be pretty easily replaceable. Software engineer 481 or analyst 297 aren't the people leading large companies into growth and profit.
In the context of pay raises, companies like Microsoft don't give pay raises as rewards. Most mid to large US-based companies are moving away from that. Microsoft gives promotions, bonuses and stock grants as rewards, which they are still doing. Salaries are starting to equalize by job function and be tied to market because employees have been demanding equal pay for equal work. That means your salary is based on the economy, not on your individual efforts, unless you manage to get yourself promoted. Last year many companies went high on compensation due to inflation. Inflation is down from last year so pay raises will be down, too. Microsoft can certainly afford to give their people a bump in pay, but let's be realistic. These folks aren't making poverty wages. Most of them are probably already over market.
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Bernoulli
M2 slut
The funniest part was the day just before the CMA verdict, the pro acquisition here were celebrating and laughing at anyone saying the CMA would block it
and they changed completely now for them CMA is incompetent and they are try to destroy their arguments saying it will be easy for Microsoft to win the appeal
adamsapple
Or is it just one of Phil's balls in my throat?
adamsapple
Or is it just one of Phil's balls in my throat?
Bernoulli
M2 slut
What's your point here?Do as I say, not as I do.
From the beginning we knew EC would approve but with some behavioral remedies about cloud and they are more open to it
We knew CMA said that they only see structural remedies possible, then dropped the consoles but still saying what was offered by Microsoft isn't enough
Yet most were sure 100% after dropping the console part that the CMA would approve and that the lawyers adressed every concern from the CMA
adamsapple
Or is it just one of Phil's balls in my throat?
The double speak of accusing people blaming CMA while doing the same thing about EC a few posts above.
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X-Wing
Member
Sunday is not an holiday and the CMA operates in the UK?
feynoob
Banned
Nope.
ChorizoPicozo
Member
feynoob
Banned
It can. Offer people what they want.
ChorizoPicozo
Member
you didn't watched the video wise man
jm89
Member
UK further restricts Microsoft and Activision merge
The UK competition regulator bans Microsoft and Activision from "acquiring an interest" in each other.
www.bbc.co.uk
CMA ain't messing around
Kicking bully boy brad in the nuts even harder
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feynoob
Banned
It's worthless. Unless this stops type of deals like EA gamepass.
jm89
Member
Well that has nothing to do with the article and MS can make those types of deals even now, but it's irrelevant.
This is the key bit.
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feynoob
Banned
That is what I mean. MS can invest on activision in other ways.
EA deal with gamepass is the standout in this case. MS can simply make a deal like that.
MS won't simply invest in their studios without a return like full control. They lost Bungie and bioware.
jm89
Member
I don't know if i'd count making deals like EA play on gamepass as an investment in EA. If that's what you mean?
CMA are trying to prevent a possible way MS could get a bit of control of the subsidiaries.
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feynoob
Banned
That is the thing.
CMA stated 10 years ban between the two of them.
MS could make investment deal like EA, and bring all activision blizzard games to gamepass. After 10 years, they can do deal the again.
This way, activision won't sell itself during this period and MS won't have to violate CMA guidelines.
If CMA restrictions includes that deal, then MS won't be able to make that type of move.
NickFire
Member
Are you talking about all Activision games day and date, or more like EA's system? Something like EA's system I could potentially see. But the chances that MS would pay for all Activision games day and date, or that Activision would even consider it, feel like too many hits from the bong IMO.
DJ12
Member
Also worth pointing this out from the article as people are still harping on about the EU approving the deal like it's going to make any difference.
"To go through, the deal has to be approved by regulatory bodies in the UK, United States and European Union."
No UK approval no deal.
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