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It isn't just "Mozilla Execs", it's specifically Mitchell Baker[1] because of: > "In 2018 she received a total of $2,458,350 in compensation from Mozilla, whic
by jodrellblank 5y ago
It isn't just "Mozilla Execs", it's specifically Mitchell Baker[1] because of:
> "In 2018 she received a total of $2,458,350 in compensation from Mozilla, which represents a 400% payrise since 2008.[14] On the same period, Firefox marketshare was down 85%. When asked about her salary she stated "I learned that my pay was about an 80% discount to market. Meaning that competitive roles elsewhere were paying about 5 times as much. That's too big a discount to ask people and their families to commit to.""
> "By 2020, her salary had risen to over $3 million. In the same year the Mozilla Corporation laid off approximately 250 employees due to shrinking revenues. Baker blamed this on the Coronavirus pandemic.[15]"
That is, the people who developed one of the more hyped new programming languages of the last decade were let go, the main MDN team is gone, FireFox OS is gone, long-standing FireFox loyalists were given reduced customisations and a move towards a copy-of-Chrome-but-worse experience, marketshare is down enormously since the peak, there's been a churn of janky also-rans like promoting Goya beans or something, who even knows.
What have other CEOs done to justify their salaries? Microsoft's share price is 7x higher since Satya Nadella took over. Tesla's share price is 15x higher since 2018. Amazon's share price has almost tripled since 2018. Apple's share price has more than tripled since 2018. Facebook almost doubled since 2018 (but has fallen some). CEO thinks it's unfair that other CEOs get paid more??
It's not even uniquely greedy, if the service is going well. I am annoyed at travel tickets for trains in the UK which are more expensive than flying, often late, all too often don't turn up at all, often crowded to the point of cramped standing room with the argument that "our contracts prevent us buying more carriages". If then the CEOs were saying "it's unfair that well run travel company CEOs earn more, so we're going to raise our salaries" that would be annoying. (They probably even do say that, but they have the decency to keep it behind closed doors, or to make up something about doing a good job).
[1] https://en.wikipedia.org/wiki/Mitchell_Baker https://en.wikipedia.org/wiki/Mitchell_Baker
- boomboomsubban 5y ago>What have other CEOs done to justify their salaries? Using the same timescale as the Wikipedia article, 2008 to 2018, Mozilla's revenue had risen from $78.6 million to $436 million. A more than 400% increase. Does that justify her salary?
- jodrellblank 5y agoUsing the same timescale, Wikipedia itself (the Wikimedia Foundation) went from $5M revenue to $120M, 24x. [1],[2]. During that time the Executive Director's salary went from $168k to $387k[3]. At the end of Sue Gardner's leadership in 2014 there was a question about her $300k salary[4] which included the response: "(2) Retention bonus to compensate Sue for lost opportunities during the transition period: $165,000." This seems to undermine Mitchell Baker's reasons for her salary increase, doesn't it? Wikipedia also gets a slightly higher score from CharityNavigator than Mozilla, edging them out on more efficient earnings, lower admin overhead, but far ahead on "growth of expenses": https://www.charitynavigator.org/ein/200049703 https://www.charitynavigator.org/ein/200049703 vs https://www.charitynavigator.org/ein/200097189 https://www.charitynavigator.org/ein/200097189 [1] https://en.wikipedia.org/wiki/Wikipedia:Fundraising_statistics https://en.wikipedia.org/wiki/Wikipedia:Fundraising_statisti... [2] https://wikimediafoundation.org/about/financial-reports/#section-2 https://wikimediafoundation.org/about/financial-reports/#sec... [3] https://meta.wikimedia.org/wiki/Wikimedia_Foundation_salaries https://meta.wikimedia.org/wiki/Wikimedia_Foundation_salarie... [4] https://lists.wikimedia.org/hyperkitty/list/wikimedia-l@lists.wikimedia.org/message/P2DFLSLDLP6WDUEV7ZTXTFKU6CIMSPQR/ https://lists.wikimedia.org/hyperkitty/list/wikimedia-l@list...
- boomboomsubban 5y agoThe Wikimedia Foundation is solely a charity and makes it's money from donations. The Mozilla Corporation makes it's money from the contracts the executives negotiate. None of the board members of the Mozilla Foundation, the nonprofit that owns the corporation, receive any salary from the Foundation. They're not really comparable organizations. The corporate comparisons you started with were closer comparison, though Mozilla has some unique circumstances.