this post was submitted on 08 Feb 2024
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I guess an annual salary of one hundred trillion dollars, or however ridiculously much it was, wasn't enough for her.
doubt she'll get any more from stepping down... but yeah it's ridiculous how much some of these CEOs think they need. Especially in a company that is supposed to be better...
I know, my comment didn't make a lot of sense; her salary just triggered me tremendously the first time I heard what it was. This seemed like as good a place as any to express my disgust.
Believe that most people here on this platform would agree with you on that, consider your rant redeemed :)
Especially when you compare to Japanese CEO
CEO pay is so ridiculous, there's obviously no way they're going to self regulate so we need to either tie it to worker pay/well-being or put it under the control of their employees
Well, technically, CEOs don't pick their own salaries, they are decided by the board, and so, indirectly by the shareholders. Then again, she is also a board member, so ¯\_(ツ)_/¯
Salaries of officers of non-profits are public information. See page 8.
She was taking $5.6M from "related organizations" (not quite sure what that would be), but not much from the Mozilla Foundation itself. The rest of the board is taking $115k-$340k directly from the Foundation.
Those are insane amounts to me, in a non-profit. Non-profit sounds meaningless when considering certain people within the organization are making $340k off of donated money. It's a mockery of the term in my opinion.
$5.6M is just on a whole separate level though. Speechless.
If you want services and products to compete with private offerings you need talented and competent people who could otherwise work in a for profit business and get a typical salary for that position.
Unfortunately 340k is basically upper middle class household in coastal cities. Mozilla HQ is in Mountain View, the heart of Silicon Valley.
Try buying even a fixer upper is the South Bay and raising two kids on less 300k in Silicon Valley. I’m making close to 200k in the Bay Area and feel like I have no money for extras like home improvements, no kids, 20 year old car, travel on a tight budget once a year for a week or so, and still behind on my retirement goals.
Rent is like 5k for a studio. Mortgage is like 8-9k for after taxes and interest for a fixer upper. Feels like having a semi nice house and a couple kids in decent school is for people making 600k+ per household.
That is insane. What a waste of money, driving up local inflation like that.
They could move. Bringing jobs to a more deprived area is the sort of thing a charity is supposed to do.
I assume that on the IRS returns form for Mozilla Foundation, the "related organization" that the CEO of Mozilla Corporation gets 5+ million from is probably Mozilla Corporation. But I don't know.