5 ms·
They could have fired fewer people. It's a bad look to be firing people for lack of money while raising exec salary.
by lmkg 6y ago
They could have fired fewer people. It's a bad look to be firing people for lack of money while raising exec salary.
- dragontamer 6y 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 6y 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 6y 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 6y agoI disagree. 500k is in line with salaries in other nonprofits. Even Costco CEO’s base salary is 800k.
- Turing_Machine 6y 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 6y agoHer performance was equally abysmal, why raise salary?
- MrDresden 6y 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 6y 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.