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I remember a comment from their CEO complaining that a 3 million USD comp was a "sacrifice" she was making because she believes on the mission. Totally insane.
by masterof0 4y ago
I remember a comment from their CEO complaining that a 3 million USD comp was a "sacrifice" she was making because she believes on the mission. Totally insane.
- googlryas 4y agoWell, if she can be getting paid $10M somewhere else, then it is a sacrifice.
- MichaelCollins 4y agoIf that's a real opportunity she has, I wish she'd leave Mozilla and take it. But given the abysmal performance of Mozilla, is she actually worth as much as she claims? Why should we believe her?
- foobarian 4y agoThat's what happens when you cheap out on a CEO and pay them $3M instead of $10M :-)
- tmpz22 4y agoThis is a "let them eat cake" style of statement. Yeah the poor could sustain themselves on cake, but read the room. Especially as Firefox has made lots of layoffs recently.
- pessimizer 4y agoI can't parse this comment. Who's the princess, what's the bread, and what's the cake? And what are they supposed to read in the room? As far as I can tell, "read the room" is something that people have been saying a lot on twitter over the past few months in order to silence people when they are correct, therefore difficult to argue with. > Yeah the poor could sustain themselves on cake, This is the opposite of what the anecdote is meant to say, right? The joke is that the poor can't sustain themselves on cake because lacking bread also means lacking cake. Is $3 million the bread? Is the CEO the poor? Am I having a stroke?
- xdavidliu 4y agoI'm not parent and I agree that it was not a carefully thought-out comment, but I'll give it a shot. comment 1: How dare she say 3 million is a sacrifice? That's more money than many of us will see in an entire decade, if not more! None of us can get imagine getting 3 million! comment 2: Well she could make 10 million, so 3 million to her is chump change. My guess is as follows: The "us" in comment 1 is the poor, the failure to "read the room" is comment 2 mentioning the 10 million when the vast majority of people identify with comment 1 and thus think mentioning 10 million when even 3 million is unattainable is tone deaf. Thus, loosely speaking, 10 million is cake, 3 million is bread. But I agree with you that the analogy is not perfect.
- tmpz22 4y ago"Let them eat cake" is a famous example of "not reading the room" because it was said while French peasants were starving and the royals feasted. Its an incredibly crass thing to say, like bragging about your wealth while your next door neighbor is being evicted. By comparison here is a CEO announcing a noble "sacrifice" at 3 million/yr salary while people and projects were being axed at Mozilla - and in my view Mozilla continues to falter relative to what its trajectory could have been given the extreme amounts of capitol and talent they've had access to. A real sacrifice would've been to take $0 (presumably this individual is already enormously wealthy).
- ClumsyPilot 4y agothat is less a problem with mozilla and more a problem with CEO class that get massive pay yet often its difficult to distinguish who is a real proffeshional and who is full of hot air
- yamtaddle 4y agoWhen did we decide the only people who could be CEOs had to be blessed with magic CEO-dust or whatever, and must be showered with cash because there aren't enough people so-dusted and they're apparently impossible to train unless they've had just the right pedigree from birth? Is there really no-one at the company who could do the job and would be happy to take a promotion and a "mere" $1M salary? It's not fucking brain surgery, normal people can figure it out, and they used to. It's just a job. In Mozilla's case especially, such a gamble ("gamble"—I really don't think it's that out-there) seems eminently worth it, since they've been treading water at best for over a decade. What's the worst that can happen? They fail? Already happening. I suspect this entire trend (across the economy, not just at Mozilla) is due to some combo of our modern intense aversion for taking responsibility for anything whatsoever, and pervasive self-dealing in the management class. Board won't replace the "right" kind of person with the "wrong" kind because it's Simply Not Done—why, if anyone in the top half of the intelligence bell curve and an OK work ethic could do their jobs with just a little experience and training, they might no longer command such insane salaries! Can't have that. But, I'm open to the possibility that it did in fact become unworkable, for some reason I don't know about, to just train people into these positions as-needed, and in fact we do have to pay stupid amounts of money to a tiny, incestuous c-suite class who are the only possible candidates for these roles, or else everything will fall apart.
- _8j50 4y agoAgain with this sentiment, you're not paying the CEO. "We" didn't decide that, the people with the 3M decided that person's services was worth that amount and it is their money to spend or waste as they see fit.
- yamtaddle 4y agoYou get that I'm using that a touch poetically, which is a common usage of "we" in this kind of context, right? I.e. "what changed such that this is now how society operates, even though it seems kinda worse than how it operated before?" I (obviously?) don't mean that we all got together and decided this, and that only a small set of probably-biased-by-their-own-interests people are the ones making the decisions is exactly one of the possible reasons for it that I highlighted, making it (surely?) even clearer what my post was about.
- _8j50 4y agoWhy is that insane? A CEO is just a job and how much you get paid depends on how much the industry is willing to pay you. So turning down 10mil to earn 3mil is indeed a sacrifice. Unless you have something against people making a lot of money or think once you hit some number you should not say anything bad about the pay. People don't get salaries because they earned or deserved them, they get them because that's what others are willing to pay for their work.
- patcon 4y ago> So turning down 10mil to earn 3mil is indeed a sacrifice. Agree whole-heartedly. I'm all for reducing exec pay and wage disparity, but still... let's give ppl props when they do pro-social things. That's the moral equivalent of a talented software eng opting to take a 70% pay cut to work in non-profit or government sector instead of private sector. The majority of ppl reading and judging are doing no such thing
- pessimizer 4y agoTaking money from an organization that intends to do good and riding it into the ground is sabotage, not charity. At least Marissa Mayer fixed Yahoo up long enough to pull off a sale. Firefox alternates between stagnation and self-injury.
- _8j50 4y agoFirst, I would still say yahoo was operated worse. Second, job performance has nothing to do with how much pay she accepted before even performing the job. If she is that bad they can fire her. Again, "their" money. Mozilla is not a corporation that wants to do good, it is a corporation that needs to make a profit. Which Mozilla service are you paying for? The few that coulr potentially be paid were implemented recently much to the horrir of the small number of fanboys.
- masterof0 4y agoBecause there are plenty of people who are willing to take on the role, who love Mozilla products and actually believe in the mission. 3 mil. is more than enough for the CEO of a non-profit or a company like Mozilla. If she were to really be worth 10 millions as CEO she would be at FAANG, or a unicorn, etc... In that comment which at the time people called out, she was just doing more of the virtue signaling we are used to, and just revealed the type of leadership Mozilla have.