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The Mozilla Foundation is a non-profit that owns the for-profit Mozilla Corporation. Step 1 is get rid of the for-profit corporation that pays its CEO 2.4 mill
by sirwhinesalot 3y ago
The Mozilla Foundation is a non-profit that owns the for-profit Mozilla Corporation.
Step 1 is get rid of the for-profit corporation that pays its CEO 2.4 million dollars a year to lose market share. That's 24 well-paid developers, or double that from lower-income countries.
The foundation had a revenue of $441 million in 2020. We know that in 2014 ~90% of their revenue come from its search-engine deal with Google. That means that without Google they'd have ~44 million to work with these days (or more).
That's a lot of devs, before even considering non-search-engine sources of revenue. Personally I don't mind ideas like the VPN. I do mind the stupid grants the foundation does unrelated to a web-browser or acquisitions like pocket.
- BrendanEich 3y ago> 2.4 million Try > 5.6 million. https://assets.mozilla.net/annualreport/2021/mozilla-fdn-990-ty21-public-disclosure.pdf https://assets.mozilla.net/annualreport/2021/mozilla-fdn-990...
- wwtrv 3y ago> That's 24 well-paid developers, or double that from lower-income countries. That's a stretch even if we don't count the additional overhead.
- sirwhinesalot 3y agoFor a non-profit that (already) runs a mass of volunteers? Surely you jest. The CEO of the blender foundation makes around 100k. They develop one of the greatest open source success stories on 2 million a year. That's less (for the whole project) than Baker makes (2.4 million). There's no excuse for the shitshow that is Mozilla, none.
- Brybry 3y agoCouldn't they take the Google money, invest it, and pay developers purely from the interest? Like a university endowment? How many years of Google money would it take to support ~500 staff purely for making Firefox in perpetuity? That's maybe ~$50 million/year? This[1] says endowments target ~7.5% annualized returns. So a very conservative 5% return could pay for ~500 staff with ~$1 billion in Google bucks. [1] https://www.nacubo.org/Press-Releases/2023/Higher-Education-Endowments-See-Declines-in-Returns-and-Values-but-Boost-Overall-Spending https://www.nacubo.org/Press-Releases/2023/Higher-Education-...