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> Here's a CEO job offer: take on a nearly impossible task, for a salary that is far below the market rate. If you fail (and you probably will!) it might damage
by staticassertion 5y ago
> Here's a CEO job offer: take on a nearly impossible task, for a salary that is far below the market rate. If you fail (and you probably will!) it might damage your career and make it harder for you to find another job. If you succeed, you will get prestige, but you still won't get a lot of money.
Keeping in mind that "below market rate" is still "retirement within a few years at the Mozilla CEO's rate.
So even if your career were damaged, and it's easy to not have it damaged, you can retire after like 3 years. That's a fine insurance policy.
> If you succeed, you will get prestige, but you still won't get a lot of money.
Of course you'll get a lot of money.
1. You can give yourself a raise. If the Moz CEO had come in and we saw market share increasing do you think anyone would give a shit about increasing their pay? The issue is it's tanking and they laid off a ton of people at the same time they took a huge pay raise.
2. Executives are compensated with stock. Company does well, your stock goes up.
- twblalock 5y agoStock in what? There is no Mozilla stock.
- staticassertion 5y agoThat's true, Mozilla Corporation is a non profit, so there is no stock. Still, you could compensate based on company performance.