20 ms·
in 2018, mozilla had 368 million USD in assets: 2018 financials: https://assets.mozilla.net/annualreport/2018/mozilla-fdn-2018-short-form-final-0926.pdf https:
by petagonoral 7y ago
in 2018, mozilla had 368 million USD in assets:
2018 financials: https://assets.mozilla.net/annualreport/2018/mozilla-fdn-2018-short-form-final-0926.pdf https://assets.mozilla.net/annualreport/2018/mozilla-fdn-201...
wow, 2.5 million for the executive chair of Mozilla in 2018. is that person really bringing 2.5 millions dollar worth of value to the company. this is in addition to the 2.x million from the year before. 10s of million exfiltrated out of a non-profit by one person over the last few years. nice job if you can get it.
edit: 1 million USD in 2016 and before.jumped to 2.3 million in 2017! pg8 of form 990 available at https://foundation.mozilla.org/en/about/public-records/ https://foundation.mozilla.org/en/about/public-records/
- m_b 7y agoThey probably need to feed their children.
- jakearmitage 7y agoFeed them what? Gold?
- justwalt 7y agoRight? How does one even consider posing food as a counterpoint to the claim that someone shouldn’t be making 2.3 million in one year?
- m_b 7y agoI was indeed being sarcastic.
- deleted 7y ago[deleted]
- nkingsy 7y agoI believe it’s a Shaquille O’Neil quote
- compiler-guy 7y agoIt's a basketball player, but I think it was Latrell Sprewell rather than Shaq. https://en.wikipedia.org/wiki/Latrell_Sprewell https://en.wikipedia.org/wiki/Latrell_Sprewell
- ntsplnkv2 7y ago> is that person really bringing 2.5 millions dollar worth of value to the company. Probably not but that is what the market cost is. I have no doubt the executive chair of Mozilla has other offers.
- demygale 7y agoI’ll do it for 1.5.
- csdreamer7 7y agoI disagree. The CEO seems to be hinting at lean years ahead. She should be cutting her pay instead. Like Nintendo's management did during their Wii U years.
- kleer001 7y agoSadly that kind of work ethic (and honor) is not present enough in the west.
- icebraining 7y agoNonsense, there have been multiple cases in the west, e.g. John Chambers at Cisco, Michael Kneeland at United Rentals, Dan Price at Gravity Payments, Nicholas Woodman at GoPro.
- hinkley 7y agoMaybe it's like when a store has 20% off sale a couple weeks after they raised their prices 10%. Yeah, it's still a sale, it's just not as big of a price cut as you're making it out to be. Raise your salary, sock some money away, then take a big public paycut now that your house is paid off.
- EduardoBautista 7y agoI don't see how that is an unreasonable salary for the CEO of a highly influential tech company. CEO pay for other large tech companies is much higher.
- dangerlibrary 7y agoI'll do it for a cool 800k.
- throwawaypa123 7y agoI hope you are joking. If someone said I'll do full-stack dev for 150k instead 400k at google, how would you take that question?
- coldtea 7y agoIf the position wasn't that challenging to begin with, like this one, I'd hire them!
- hinkley 7y agoYou know those meetings you hate? Quadruple them, add more customers and some unsavory financiers. Then sprinkle it with a bunch of business trips where you never get to see the city. Think about that the next time you're thinking how much of a paycut you'd be willing to take if it meant you didn't have to talk to that guy every week.
- staticassertion 7y agoOr just let the company tank, take a raise, and fire 70 people to make up the difference?
- coldtea 7y ago>You know those meetings you hate? Quadruple them, add more customers and some unsavory financiers. Then sprinkle it with a bunch of business trips where you never get to see the city. That argument is about "how hard/bothersome" the work is. That's not how compensation is set, however. I, and most developers I presume, also don't like sweeping streets or cleaning gas station toilets (much more than business trips and tons of customer meetings), but nobody would pay millions to some gas station toilet attendant.
- vondur 7y agoWhat I don't understand is why they chose a lawyer to run a software development company.
- jonathankoren 7y agoMitchell has been influential in Netscape and Mozilla since the beginning. Also, Mozilla isn’t just a software company. It’s also an technology and public policy advocacy organization.
- bduerst 7y agoAn open-source software development company, which is influential on web standards.
- C14L 7y agoFrom what I read in this thread, it sounds more like she's a political activist.
- andrekandre 7y ago1.5 million divided by 70 employees comes to around 35,000 per year... is this ceo really worth that considering they aren’t making their goals (who’s responsibility would ostensibly be that of the ceo?)
- minikites 7y ago>is that person really bringing 2.5 millions dollar worth of value to the company Change the number and this will apply to most CEOs. https://www.glassdoor.com/research/ceo-pay-ratio/ https://www.glassdoor.com/research/ceo-pay-ratio/ According to these numbers, CEOs work 204 times as hard as regular employees.
- melling 7y agoHow much harder do software developers work than coal miners?
- kps 7y agoYou write 16 lines and what do you get? Another CL and technical debt.
- zobzu 7y agoJobs do not have to be physically exhausting to be hard. Coal miner's job is hard and deadly. programming is differently hard and not very deadly (arguably working at a desk, wreaking your brain 70h a week with 10 days off a year is somewhat deadly). i'd take the programming job any day as long as I get a bay area salary, granted that I can program. However, i can tell you most programmer jobs are much harder, take much more hours than many lower paying jobs (not even mentioning the fact that you need to be somewhat smart and learn it for years before you can do anything). Say drive a bus? Yeah its boring. But its not hard. Hold a 2 pers. shop? nope, not hard, and you do less hours. Etc. Heck even driving the trucks to the coal miners pay very well for a somewhat hard job.
- jaywalk 7y ago> CEOs work 204 times as hard as regular employees That's an interesting (and ridiculous) way to spin the numbers. One doesn't have to work x times harder to bring x times more value to a company.
- minikites 7y agoSo you're saying success isn't a function of how hard you work?
- A4ET8a8uTh0 7y agoI find it annoying each time nonprofit compensation for various executives is raised. I don't want to derail the thread, but it is especially appalling in education, where entities brand themselves as nonprofit where administration swallows ridiculous amount of money. Where do you get those executive jobs for relatively unknown entities that pay millions? Isn't there an entire IRS publication about how it is suppsed to be reasonable?
- malachismith 7y agoMozilla Corporation is NOT a non-profit.
- A4ET8a8uTh0 7y agoUm.. yes, you are correct. Mozilla Corp is, however, a subsidiary of Mozilla Org with all its 503(c)(3) tax goodies that come along with it. Can you see how that it can be perceived in less than charitable way?
- geoelectric 7y agoMoCo doesn't get the goodies. It's a cash generator (in theory, probably not so much at the moment) for MoFo, and money has to flow only in that direction as I understand it. It's not treated as a non-profit in any way, which is why it could do multi-million dollar partnerships and pay competitive tech salaries without the kind of scrutiny or restrictions a 501(c)-anything would have.
- BrendanEich 7y agoNo, sorry -- it is encumbered as a for-profit to pay taxes, but it cannot operate as a for-profit wholly owned by private investors or public shareholders would (I'm not saying that is good or bad). It is different. It's like many sports stadia/teams, universities, hospitals: for-profit wholly owned sub of a non-profit. As I just noted in my last reply, this is abused via double-think to defend Mozilla as a "non-profit" when that wins social status, and denied (as you do) when trying to spiff Mozilla as a commercially-savvy for-profit. Sorry, you cannot have it both ways. One thing I think is clear from its history, including when I was there (but not based on any NDA'ed info): Mozilla has not been able to act aggressively as a commercial player. Just one example: KaiOSTech is the lineal descendent and successor to FirefoxOS, going to 200M+ smart-featurephones globally, even winning a Google investment. Mozilla dropped FirefoxOS (twice, painfully).
- rburhum 7y agoPlaying devil's advocate, if you are able to close a deal that is bringing more than 2.5 million a year, then you are definitely worth that amount.
- shard972 7y agoUnder that premise the .org sale was good for everyone because they managed to make a deal.
- marcinzm 7y agoI mean, Mozilla brings in $450 million a year in revenue and manages $600 million worth of assets. If she's able to increased the revenue or efficiency by just 1% then she's paid off almost twice her salary. edit: Fixed pronoun, apologies.
- zozbot234 7y agoShe. I don't usually focus on the pronoun thing, but I'll make an exception for once.
- staticassertion 7y agoBut Mozilla is doing worse than last year, not better, no?
- BrendanEich 7y agoMain search deal is traffic based; user population, per statcounter and netmarketshare, continues downward trend. So less revenue over time, unless users search more for some reason.
- pbhjpbhj 7y agoAny employee [at Mozilla] who increases revenue, you just give them the revenue? (Or half of it?)
- shawndrost 7y agoThe person we're talking about is Mitchell Baker, who has spent over 20 years contributing to Mozilla, including years as a volunteer. She has been on Time's 100 most influential people list. She has directly authored many foundational pieces of Mozilla and (arguably) the internet. She is the founding CEO of the Mozilla Corporation, which pays her paycheck from its ~$500M in revenue. Mozilla Corp is the highly-profitable source of the $368 million in Foundation assets that parent cited. https://en.wikipedia.org/wiki/Mitchell_Baker https://en.wikipedia.org/wiki/Mitchell_Baker I understand why people are generally peeved about executive compensation, but this conversation is very rote and this is a particularly flamebait-y framing of it.
- petagonoral 7y ago> She has directly authored many foundational pieces of Mozilla and (arguably) the internet Like what? The wiki page doesn't tell. You are making it sounds like she created Mozilla & products herself, rather than an admin/exec role throughout. And also making it sound like her presence alone is what is bringing in ~$500 million. Is there some connection you would like to disclose? by the way, I'm not arguing her position.i'm arguing her compensation. nice chart from brendan eich (formerly of mozilla) https://twitter.com/BrendanEich/status/1217512049716035584 https://twitter.com/BrendanEich/status/1217512049716035584
- dang 7y ago> Is there some connection you would like to disclose? You're not allowed to post insinuations like that to HN. It's nearly always imaginary and poisons discussion badly. Please read the rules and stick to them: https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- baud147258 7y agoI think the connection the parent was asking was between the 500M$ and Mitchell Baker
- zelly 7y agoThis will discourage people from donating. Absolutely disgusting. Maybe it's good for them to go bankrupt, so that other non-profits will learn from their mistake.
- ReverseCold 7y agoThe minute Mozilla goes bankrupt and Firefox loses funding is the minute the internet is dead. Imagine only having a single client for HTTP (Chrome/WebKit).
- saagarjha 7y agoChrome and WebKit are not the same thing. It's actually very similar to saying "C/C++": they've diverged a huge amount.
- C14L 7y agoBlink. They dropped Webkit some years ago.
- winter_blue 7y agoBlink is a fork of WebCore (a component of WebKit), and not of WebKit itself.
- samantohermes 7y agoThen we would lose a company that pretends to care about privacy while doing the opposite, thereby allowing actually ethical organizations to grow.
- baud147258 7y agoWell, it also means you just have to test your web app on one browser. No more compatibility issues!
- The_rationalist 7y agoHow much do they have in assets in 2020?