The increases look reasonable to me, but not when you consider their declining market share. I guess she only returned to the role of CEO in 2020, but she's been in leadership for a long time, and the org's performance has been poor.
In what world is DOUBLING one's salary within two years while the company overall and, most importantly, the company's absolute flagship product are in continuous decline "reasonable"?
>>On the same period, Firefox marketshare was down 85%. When asked about her salary she stated "I learned that my pay was about an 80% discount to market. Meaning that competitive roles elsewhere were paying about 5 times as much. That's too big a discount to ask people and their families to commit to."
So I bet it's something like:
Baker: "If you don't pay me market rates for comparable work, I'll leave and go mess up a different organization."
Google: "No, wait, stop, we'll get you the money!"
Considering all the unforced errors on Mozilla's part, I'm only half joking there (i.e. that Google is influencing the decision, via their search placement deals, to keep Firefox bad).