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According to Mozilla's financial filings, CEO Mitchell Baker's compensation increased from $5,591,406 in 2021 to $6,903,089 in 2022. During that period, Mozilla
by sheepdestroyer 2y ago
According to Mozilla's financial filings, CEO Mitchell Baker's compensation increased from $5,591,406 in 2021 to $6,903,089 in 2022. During that period, Mozilla's revenues – long dominated by payments from Google to make it Firefox's default search – dipped from $527,585,000 to $510,389,000 [...] "Fully 30 percent of all expenditure goes on administration" [1]
In 2018, Baker received a total of $2,458,350 in compensation from Mozilla, a 400% payrise since 2008. Over the same period, Firefox market share was down 85%.
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In 2020, after returning to the position of CEO, Baker's salary rose to in excess of $3 million. In 2021, her salary rose again to more than $5 million, and again to nearly $7 million in 2022). In August 2020 the Mozilla Corporation laid off approximately 250 employees due to shrinking revenues, after previously laying off roughly 70 in January [2]
I'm of the opinion that there should exist mechanisms for nonprofits to reclaim ill gotten remuneration from ex CEOs
[1] https://www.theregister.com/2024/02/09/mozilla_ceo_mitchell_baker_departs https://www.theregister.com/2024/02/09/mozilla_ceo_mitchell_...
[2] https://en.wikipedia.org/wiki/Mitchell_Baker https://en.wikipedia.org/wiki/Mitchell_Baker
- BSDobelix 2y ago>I'm of the opinion that there should exist mechanisms for non-profits to reclaim ill gotten remuneration from ex CEOs Absolutely on your side, also the foggy connection between Mozilla Corporation and Mozilla.org leaves a sour taste.
- hitekker 2y agoUnfortunately, many Ex-Mozilla people thought she deserved the money. They loved Mitchell Baker's focus on culture: Mozilla's progressive social causes and performances. They loved their culture more than their business and their own browser. Like other companies in the ZIRP era, the staff wanted a fun tech company culture that made them feel like they were good people. Even great people. They preferred a celebrity CEO with pleasant illusions over a business leader with hard truths.