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by toweringgoat
2140 days ago
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Oh come on, let's stop it with the CEO bashing. Especially around he salary. You need a CEO, and Bay Area salaries are high. Just to illustrate the numbers: a fresh graduate with no experience will easily get more than 100k (even at Mozilla, who IME pay a bit less). A plain manager of a 10-person team at a big bay area company will be earning close to 500k (and most of their direct reports will also be in the 300k-500k range). Then you get your principal and distinguished engineers who can easily make 1M per year. 2.5M for someone leading a 1000 person company isn't expensive, and you do need someone to lead that company - to make tose strategic decisions. You can quibble around whether or not a specific person made the right decisions (Mozilla aren't doing great, but they're also in a tough environment - maybe their CEO could be making better decisions that would boost usage - or maybe usage is entirely out of their control.) But you do need that person leading the company. And you need to retain them. And her job definitely is needed, regardless of how well it's being done. |
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Normally, the shareholders own the company. They appoint the CEO, or a board of directors or whatever management structure, and they decide how much to pay them. It's the shareholders' company, it's the shareholders' right to decide whether to keep the C-suite and how much to pay them. Things can get a bit muddled with large public companies with many shareholders, or when there are dual class shares, which can partially insulate the management from the owners control, but it more or less works this way.
In the case of Mozilla Foundation, AFAICS, this does not hold. The board of directors is completely self managing; they coopt board members and appoint the CEO of Mozilla Corporation.
I might be very wrong about this, but since Baker is both the chairman of the foundation and the CEO of the corporation, it looks to me like she doesn't basically answer to anyone. It's a bit like she owns the company, except she didn't have to buy it. That's a pretty sweet deal.