Microsoft CEO Satya Nadella says women don’t need to ask for a raise. They should just trust “the system.”
Speaking on October 9 at an event in Phoenix to celebrate women in computing, Nadella was asked: What advice do you have for women who feel uncomfortable asking for a raise?
His reply: “It’s not really about asking for the raise, but knowing and having faith that the system will actually give you the right raises as you go along.
“Because that’s good karma. It’ll come back because somebody’s going to know that’s the kind of person that I want to trust.”
Satya Nadella
This from a CEO at whose company women comprise only 29% of its more than 100,000 employees. And where its CEO has a net worth of $45 million.
Click here: Satya Nadella – Wikipedia, the free encyclopedia
If it’s true that corporations are people, then they are exceptionally greedy and selfish people.
A December, 2011 report by Public Campaign, highlighting corporate abuses of the tax laws, makes this all too clear.
Summarizing its conclusions, the report’s author writes:
“Amidst a growing federal deficit and widespread economic insecurity for most Americans, some of the largest corporations in the country have avoided paying their fair share in taxes while spending millions to lobby Congress and influence elections.”
Its key findings:
- The 30 big corporations analyzed in this report paid more to lobby Congress than they paid in federal income taxes between 2008 and 2010, despite being profitable.
- Despite making combined profits totaling $164 billion in that three-year period, the 30 companies combined received tax rebates totaling nearly $11 billion.
- Altogether, these companies spent nearly half a billion dollars ($476 million) over three years to lobby Congress. That’s about $400,000 each day, including weekends.
- In the three-year period beginning in 2009 through most of 2011, these large firms spent over $22 million altogether on federal campaigns.
- These corporations have also spent lavishly on compensatng their top executives ($706 million altogether in 2010).
Among those corporations whose tax-dodging and influence-buying were analyzed:
- General Electric
- Verizon
- PG&E
- Wells Fargo
- Duke Energy
- Boeing
- Consolidated Edison
- DuPont
- Honeywell International
- Mattel
- Corning
- FedEx
- Tenet Healthcare
- Wisconsin Energy
- Con-way
The report bluntly cites the growing disparity between the relatively few rich and the vast majority of poor and middle-class citizens:
“Over the past few months, a growing protest movement has shifted the debate about economic inequality in this country.
“The American people wonder why members of Congress suggest cuts to Medicare and Social Security but won’t require millionaires to pay their fair share in taxes.
“They want to know why they are struggling to find jobs and put food on the the table while the country’s largest corporations get tax breaks and sweetheart deals, then use that extra cash to pay bloated bonuses to CEOs or ship jobs overseas.
“….At a time when millions of Americans are still unemployed and millions more make tough choices to get by, these companies are enriching their top executives and spending millions of dollars on Washington lobbyists to stave off higher taxes or regulations.”
Assessing the results of corporate tax-dodging, the report states:
- Using various tax dodging techniques, including stashing profits in overseas tax havens and tax loopholes, 29 out of 30 companies featured in this study succeeded in paying no federal income taxes from 2008 through 2010.
- These 29 companies received tax rebates over those three years, ranging from $4 million for Corning to nearly $5 billion for General Electric and totally nearly $11 billion altogether.
- The only corporation that paid taxes in that three-year period, FedEx, paid a three-year tax rate of 1%, far less than the statutory rate of 35%.
The report bluntly notes the hypocrisy of corporate executives who call themselves “job creators” while enriching themselves by laying off thousands of employees:
“Another area where these corporations have decided to spend lavishly is compensation for their top executives ($706 million altogether in 2010).
“Executives doing particularly well work for General Electric ($76 million in total compensation in 2010), Honeywell International ($54 million), and Wells Fargo ($50 million).
“Executives who have seen the greatest increase work for DuPont (188% increase), Wells Fargo (180% increase) and Verizon (167% increase).
Despite being profitable, some of these corporations have actually laid off workers.
Since 2008, seven of the corporations have reported laying off American workers. The worst offenders–by 2011–are Verizon, which laid off at least 21,308 workers, and Boeing, which fired at least 14,862 employees.
Insisting that “corporations are people” wins applause from the wealthiest 1% and their Right-wing shills. But it does nothing to better the lives of the increasingly squeezed poor and middle-class.
If the nation is to avoid economic and moral bankruptcy, Americans must demand that powerful corporations be held accountable–and punished harshly when they behave irresponsibly.


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“WE DON’T CARE, WE DON’T HAVE TO”
In Bureaucracy, Business, Law, Politics, Social commentary on October 23, 2014 at 2:52 pmComedian Lily Tomlin rose to fame on Rowan & Martin’s Laugh-In as Ernestine, the rude, sarcastic switchboard operator for Ma Bell.
She would tap into customers’ calls, interrupt them, make snide remarks about their personal lives. And her victims included celebrities as much as run-of-the-mill customers.
On one occasion, she called then-FBI Director J. Edgar Hoover, letting him know that “it really takes a Hoover [vacuum cleaner] to dig up the dirt.”
She introduced herself as working for “the phone company, serving everyone from presidents and kings to the scum of the earth.”
But perhaps the line for which her character is best remembered was: “We don’t care. We don’t have to. We’re the phone company.”
Watching Ernestine on Laugh-In was a blast for millions of TV viewers during the mid-1960s and early 70s. But confronting such corporate arrogance in real-life is no laughing matter.
Clearly, too many companies take the same attitude as Ernestine: “We don’t care. We don’t have to.”
This is especially true for companies that are supposed to safeguard their customers’ most sensitive information–such as their credit card numbers, addresses, emails and phone numbers.
An October 22 “commentary” published in Forbes magazine raises the highly disturbing question: “Cybersecurity: Does Corporate America Really Care?”
And the answer is apparently: No.
Its author is John Hering, co-founder and executive director of Lookout, which bills itself as “the world leader in mobile security for consumers and enterprises alike.”
Click here: Cybersecurity: Does corporate America really care?
October proved a bad month for credit card-using customers of Kmart, Staples and Dairy Queen–all of which have reported data breaches involving the theft of credit card numbers.
Earlier breaches had hit Target, Home Depot and JPMorgan/Chase.
“One thing is clear,” writes Hering. “CEOs need to put security on their strategic agendas alongside revenue growth and other issues given priority in boardrooms.”
Hering warns that “CEOs don’t seem to be making security a priority.” And he offers several reasons for this:
“There’s a short-term mindset and denial of convenience in board rooms,” writes Hering.
“Top executives don’t realize their systems are vulnerable and don’t understand the risks. Sales figures and new products are top of mind; shoring up IT systems aren’t.”
Anyone who’s ever watched the operation of an airport luggage carousel has seen this principle in action.
If you’ve checked your luggage, then you need to head for the baggage carousel as quickly as you can get out of the airplane.
Because if you don’t get there in time to grab your own bag, there’s a good chance that someone else will.
The reason? There’s no security officer there to make sure that your luggage goes only to you, and not to someone else.
Experienced baggage thieves know this. So they wait at the luggage carousel for a piece of luggage to go around two or three times. If no one collects it, they assume the owner isn’t there yet–and make off with it.
Sure, there might not be anything of value in it–from the thief’s viewpoint, anyway.
No diamonds.
No jewels.
No expensive cameras.
For the thief, it’s a setback–but only a minor one. He simply dumps the luggage and perhaps goes back to the carousel for another shot at finding a bag stuffed with valuables.
But for the traveler-victim, it’s a disaster.
Most–if not all–of his clothes are gone.
Anything personal–such as gifts he was bringing for friends or relatives–is gone.
So are any vitally-needed medications–if he was foolish enough to store these in his suitcase instead of a carry-on bag.
And does the airline care?
Don’t be stupid.
Why should they? They got your money when you bought the plane ticket.
That’s all they wanted from you. And the truth is, that’s all they’ve ever wanted from you–even during the “golden age of air travel” before airplanes became “flying buses.”
The skies of United were never so friendly that airlines felt an obligation to ensure that their passengers’ luggage was actually waiting for its rightful owners.
And the same principle–or lack of principle–applies with such companies as banks, department stores and insurance companies that hold the most private information of their customers.
There are two ways corporations can be forced to start behaving responsibly on this issue.
First, some smart attorneys need to start filing class-action lawsuits against companies that don’t take steps to safeguard their customers’ private information.
Second, there must be Federal legislation to ensure that multi-million-dollar fines are levied against such companies–and especially their CEOs–when such data breaches occur.
Only then will the CEO mindset of “We don’t care, we don’t have to” be replaced with: “We care, because our heads will roll if we don’t.”
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