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A brief reminder that Mozilla paid its top executive, Mitchell Baker, $2.4m in 2018. http://calpaterson.com/mozilla.html http://calpaterson.com/mozilla.html

by btown 6y ago

rob74 6y ago
Yeah, (re)reading that reinforces my opinion that Rust is better off being supported by a foundation - provided of course that the foundation is better managed than Mozilla...
xpe 6y ago
This also exists in the broader context of tremendous growth in CEO pay over recent decades. There are widespread claims that executive pay is inflated. In one sentence: > Importantly, rising CEO pay does not reflect rising value of skills, but rather CEOs’ use of their power to set their own pay. Source: https://www.epi.org/publication/ceo-compensation-2018/ https://www.epi.org/publication/ceo-compensation-2018/ I find these arguments persuasive.
- oblio 6y ago
  That happens every time this is allowed. I can't remember the last time our Parliament voted to reduce their own salaries :-))
cherrycherry98 6y ago
She actually makes over $3 million now. https://www.zdnet.com/article/endangered-firefox-the-state-of-mozilla/ https://www.zdnet.com/article/endangered-firefox-the-state-o...
- btown 6y ago
  In that context, it's absurd, to put it mildly, that she said this quote in her Jan 2020 layoffs letter: > You may recall that we expected to be earning revenue in 2019 and 2020 from new subscription products as well as higher revenue from sources outside of search. This did not happen. Our 2019 plan underestimated how long it would take to build and ship new, revenue-generating products. Given that, and all we learned in 2019 about the pace of innovation, we decided to take a more conservative approach to projecting our revenue for 2020. We also agreed to a principle of living within our means, of not spending more than we earn for the foreseeable future. [NOTE: per the link in the parent comment, "Mozilla's 2019 expenses came to $495.3 million, or almost $5 million more than revenue."] > This approach is prudent certainly, but challenging practically. In our case, it required difficult decisions with painful results. Regular annual pay increases, bonuses and other costs which increase from year-to-year as well as a continuing need to maintain a separate, substantial innovation fund, meant that we had to look for considerable savings across Mozilla as part of our 2020 planning and budgeting process. This process ultimately led us to the decision to reduce our workforce. https://techcrunch.com/2020/01/15/mozilla-lays-off-70-as-it-waits-for-subscription-products-to-generate-revenue/ https://techcrunch.com/2020/01/15/mozilla-lays-off-70-as-it-...
  - coldpie 6y ago
    How much do CEOs of other similarly sized companies in this sector make?

A brief reminder that Mozilla paid its top executive, Mitchell Baker, $2.4m in 2018. http://calpaterson.com/mozilla.html http://calpaterson.com/mozilla.html

by btown 6y ago

A brief reminder that Mozilla paid its top executive, Mitchell Baker, $2.4m in 2018. http://calpaterson.com/mozilla.html http://calpaterson.com/mozilla.html

rob74 6y ago

Yeah, (re)reading that reinforces my opinion that Rust is better off being supported by a foundation - provided of course that the foundation is better managed than Mozilla...

xpe 6y ago

This also exists in the broader context of tremendous growth in CEO pay over recent decades. There are widespread claims that executive pay is inflated. In one sentence: > Importantly, rising CEO pay does not reflect rising value of skills, but rather CEOs’ use of their power to set their own pay. Source: https://www.epi.org/publication/ceo-compensation-2018/ https://www.epi.org/publication/ceo-compensation-2018/ I find these arguments persuasive.

oblio 6y ago
That happens every time this is allowed. I can't remember the last time our Parliament voted to reduce their own salaries :-))

cherrycherry98 6y ago

She actually makes over $3 million now. https://www.zdnet.com/article/endangered-firefox-the-state-of-mozilla/ https://www.zdnet.com/article/endangered-firefox-the-state-o...

btown 6y ago
In that context, it's absurd, to put it mildly, that she said this quote in her Jan 2020 layoffs letter: > You may recall that we expected to be earning revenue in 2019 and 2020 from new subscription products as well as higher revenue from sources outside of search. This did not happen. Our 2019 plan underestimated how long it would take to build and ship new, revenue-generating products. Given that, and all we learned in 2019 about the pace of innovation, we decided to take a more conservative approach to projecting our revenue for 2020. We also agreed to a principle of living within our means, of not spending more than we earn for the foreseeable future. [NOTE: per the link in the parent comment, "Mozilla's 2019 expenses came to $495.3 million, or almost $5 million more than revenue."] > This approach is prudent certainly, but challenging practically. In our case, it required difficult decisions with painful results. Regular annual pay increases, bonuses and other costs which increase from year-to-year as well as a continuing need to maintain a separate, substantial innovation fund, meant that we had to look for considerable savings across Mozilla as part of our 2020 planning and budgeting process. This process ultimately led us to the decision to reduce our workforce. https://techcrunch.com/2020/01/15/mozilla-lays-off-70-as-it-waits-for-subscription-products-to-generate-revenue/ https://techcrunch.com/2020/01/15/mozilla-lays-off-70-as-it-...
- coldpie 6y ago
  How much do CEOs of other similarly sized companies in this sector make?