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While average CEO pay slumped in 2022, Mozilla's jumped 23% (lemm.ee)

submitted 10 months ago by LWD@lemm.ee to c/technology@lemmy.world

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A recent article from the Economic Policy Institute notes that CEO pay slumped slightly in 2022:

CEO pay is linked strongly to the stock market—and market declines in 2022 led to an uncharacteristic dip in CEO pay...

CEOs are getting paid more because of their leverage over corporate boards, not because of contributions they make to their firms.

Another site calculated the average decrease:

[I]n 2022, CEO pay decreased 7.3% and 2.7% for the overall Russell 3000® and S&P 500® indices, respectively

And yet, the Mozilla CEO pay has risen from $5,591,406 in 2021 to $6,903,089 in 2022. That's a 23.5% increase.

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[–] Mbourgon@lemmy.world 3 points 10 months ago (1 children)

While also not focusing on the browser. They’re now working on more AI.

[–] LWD@lemm.ee 1 points 10 months ago

Most of the people defending Mozilla don't seem to understand they are implicitly, if not explicitly, arguing that Mozilla should spend less time as a private browser developer and more time as a trend chasing company... And AI is the current trend.