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Modern CEO pay is a cargo-cult. Companies pay CEO insane amounts because "everybody else does it" and "it helps hire the best". These theories are untested, ex

by bambax 6y ago

Modern CEO pay is a cargo-cult. Companies pay CEO insane amounts because "everybody else does it" and "it helps hire the best". These theories are untested, except that we now know for certain that paying $2.5M doesn't guarantee that the CEO is any good. I would bet you can hire an excellent, technically competent CEO for Mozilla for $250k a year.

tingol 6y ago
We knew that already, did everyone forget the Yahoo fiasco?
throwaway983249 6y ago
Mozilla's last three CEOs (Baker, Beard and Eich) all had worked at Mozilla before. Mozilla appears unable to recruit outside CEOs even with its current CEO compensation.
zoredache 6y ago
> I would bet you can hire an excellent, technically competent CEO for Mozilla for $250k a year. But how long would they stay after other companies learn this new person is actually competent and start throwing money at them.