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by Aeolun 2346 days ago
Is 70x a strange multiple for an executive to make? I’m sure I’ve heard stories of more.

That said, I doubt the executives at Mozilla make north of 7M

4 comments

Well a bit further down Mitchell Baker is being skewered for making $2,500,000 annually. I'd assume that the multiplier at Mozilla is much, much lower than 70x.
Mozilla has no equity so they make up for it in cash.. well for executives mainly. This makes for lofty salaries
For a single executive yes. But all of them combined could add up to 70x
Hardly any executive is just getting paid 7m in cash. They are typically paid in financial instruments that are time locked for several years. The media however, will go bananas on reporting about how they are paid crazy amounts when these instruments are finally unlocked, ignoring the tax implications, the lack liquidity and massive risk involved, and also just how much the rest of the market has increased during the time period of those instruments being locked.

When you pay yours executives a modest amount using such a method, it's often very feasible for this to be a massive windfall at the time of maturity (e.g. $1 options becoming $6, etc.).