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According to [1] it's increased by more than 400% [1] https://en.wikipedia.org/wiki/Mitchell_Baker https://en.wikipedia.org/wiki/Mitchell_Baker
by ordx 6y ago
According 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.