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That $3,000,000 would have payed each of the 250 employees $12,000. Do you think they would have stayed for $12,000 a year?
by iams 5y ago
That $3,000,000 would have payed each of the 250 employees $12,000. Do you think they would have stayed for $12,000 a year?
- lmkg 5y agoThey could have fired fewer people. It's a bad look to be firing people for lack of money while raising exec salary.
- dragontamer 5y agoHow much was the CEOs pay beforehand? If it was maybe 2.5 million, then they probably would have fired 245 programmers instead of 250, or maybe 247 programmers if they were senior level ($200+k/year once payroll tax and social security taxes are factored in. Hell, maybe 300k if we add benefits like health care or 401k plans) Even if the CEO were paid $0, we are looking at maybe 10 to 30 jobs at the best for that $3million (100k juniors to 300k seniors).
- ordx 5y agoAccording to [1] it's increased by more than 400% [1] https://en.wikipedia.org/wiki/Mitchell_Baker https://en.wikipedia.org/wiki/Mitchell_Baker
- dragontamer 5y agoI feel like you're misleadingly quoting the Wikipedia article. > In 2018 she received a total of $2,458,350 in compensation from Mozilla, which represents a 400% payrise since 2008. ...... > By 2020 her salary had risen to over $3 million, while in the same year the Mozilla Corporation had to lay off approximately 250 employees due to shrinking revenues. Baker blamed this on the Coronavirus pandemic.[16] ---------- So its a 400% increase between 2008 and 2018, suggesting that her initial pay was an abysmal (for a CEO) pay of only $500k in 2008. For the period suggested (the period where Mozilla fired 250 employees), her pay only raised from ~$2.5 million to $3 million, which is in line with my expectations.
- ordx 5y agoI disagree. 500k is in line with salaries in other nonprofits. Even Costco CEO’s base salary is 800k.
- Turing_Machine 5y ago> which is in line with my expectations. My expectations for a CEO who presided over the level of performance we've seen from Mozilla in recent years would be that their salary would be reduced to zero. Because they would get fired.
- rasz 5y agoHer performance was equally abysmal, why raise salary?
- MrDresden 5y agoI do not see a reason for anyone to make multiple millions of dollars each year, no matter what they do. $500k is an incredible amount of money, which should be sufficient for anyone as compensation.
- dragonwriter 5y agoon the other hand, the factors that force you to let people go may also make it more expensive to retain executive talent. Optics matter, but they arent the only consideration.
- prepend 5y agoOr could have paid the ceo $1M and kept 10 out of 250 at $200k. Do you think 10 would have stayed for $200k/year. The point, I think, is that the Mozilla CEO is sucking, as measured by failing product lines and poor resource management resulting in firing 250 people, and got a raise.
- porcc 5y agoI'm not a manager, but as a SWE I often hear that employees cost many multiples more than just their salary. $2M might account for <5 employees
- MagnumOpus 5y agoI'm not a manager anymore, but I often hear that browser development can happen outside of the Valley, where annual programmer staff costs are less than 400k a year... Three million might buy you 200 competent SWE in Romania or Russia.
- prepend 5y agoThat applies to the CEO too right? I was using net dollars. But the point stands with gross dollars. I don’t think it’s about the number of devs but more about how they rewarded failure with a big raise.