4 ms·

Exec pay is usually tied to some metrics. Like market share or the revenue in case of Mozilla. (In the corporations it is usually done by offering CEO options w

Exec pay is usually tied to some metrics. Like market share or the revenue in case of Mozilla. (In the corporations it is usually done by offering CEO options with nonzero price.) If the company is not performing well, CEO only gets the basic salary (which is higher than engineer salary, but not too large.) When Mitchell was given a raise for no reason, it is a sign of corruption in Mozilla board.

jameskraus 6y ago
This really isn't crazy compensation given the role and the industry. There are many execs making orders of magnitude more [0]. I know there is a bit of sticker-shock for people who haven't heard about top-level compensation, but it's not unheard of, just usually unspoken. https://usanewssite.com/news/the-unconventional-ceo-of-33-3-billion-snowflake-which-just-listed-the-largest-software-ipo-in-history-is-already-paid-more-than-the-heads-of-oracle-microsoft-and-salesforce-it/ https://usanewssite.com/news/the-unconventional-ceo-of-33-3-...
- lightgreen 6y ago
  It is crazy that the compensation is not tied to metrics. If Firefox at least kept the market share, that would be OK.
  - jameskraus 6y ago
    The source doesn't say this isn't tied to metrics. The base salary is only $450k per year [0]. All the rest of the comp is paid out in other ways. I would wager that there are significant compensation thresholds that are tied to metrics (but we, as outsiders, couldn't know what they are or if they are being hit). [0] https://projects.propublica.org/nonprofits/organizations/200097189/201823199349308932/full https://projects.propublica.org/nonprofits/organizations/200...
- luckylion 6y ago
  > There are many execs making orders of magnitude more For that kind of negative growth? No, of course not. > In its fiscal year ending January 31, 2019, for example, Snowflake had revenue of $96.7 million. A year later that number was $264.7 million, or growth of around 150% at scale.

jameskraus 6y ago

This really isn't crazy compensation given the role and the industry. There are many execs making orders of magnitude more [0]. I know there is a bit of sticker-shock for people who haven't heard about top-level compensation, but it's not unheard of, just usually unspoken. https://usanewssite.com/news/the-unconventional-ceo-of-33-3-billion-snowflake-which-just-listed-the-largest-software-ipo-in-history-is-already-paid-more-than-the-heads-of-oracle-microsoft-and-salesforce-it/ https://usanewssite.com/news/the-unconventional-ceo-of-33-3-...

lightgreen 6y ago
It is crazy that the compensation is not tied to metrics. If Firefox at least kept the market share, that would be OK.
- jameskraus 6y ago
  The source doesn't say this isn't tied to metrics. The base salary is only $450k per year [0]. All the rest of the comp is paid out in other ways. I would wager that there are significant compensation thresholds that are tied to metrics (but we, as outsiders, couldn't know what they are or if they are being hit). [0] https://projects.propublica.org/nonprofits/organizations/200097189/201823199349308932/full https://projects.propublica.org/nonprofits/organizations/200...
luckylion 6y ago
> There are many execs making orders of magnitude more For that kind of negative growth? No, of course not. > In its fiscal year ending January 31, 2019, for example, Snowflake had revenue of $96.7 million. A year later that number was $264.7 million, or growth of around 150% at scale.