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> It's insane how much flak they get for the CEO making a million dollars more after signing a deal that got them hundreds of millions more dollars a year. Wha
by luckylion 6y ago
> It's insane how much flak they get for the CEO making a million dollars more after signing a deal that got them hundreds of millions more dollars a year.
What are you talking about? Hundreds of millions more per year? Their revenue [1] grew by 40m (520m to 562m) during the year they doubled their top exec salary. It fell by 90m the next year, earning them a loss for the first time.
[1] https://de.wikipedia.org/wiki/Mozilla_Foundation#Finanzierung https://de.wikipedia.org/wiki/Mozilla_Foundation#Finanzierun... German Wikipedia has a nice table.
- boomboomsubban 6y agoThe deal was made in 2015, and I assume that the executives do not negotiate their salary every year.
- luckylion 6y agoLooking at the financials, it's pretty obvious that there was no huge deal that brought in additional hundreds of millions, not even once, and definitely not every year.
- boomboomsubban 6y agoI should have said over a hundred million more a year or hundreds of millions more. It was my mistake to say both as the deal only increased revenue by $140 million over predeal revenue in the best year.