How many people know why CEO’s get paid what they do?
A lot of it is they are actually worth more than me and you.
But the main thing that made CEO wages increase is that a law was passed for CEOs wages to be made public to discourage high wages. When that happened they competed against each other and the wage inflated.
Currently the negotiating position of businesses is far higher than that of workers because they are scared of not having a job/ don’t know what they are worth. The workers need public salaries. But like a lot of things in this world the workers vote against their own interests.
I’m not really sure how to fix that. But I’m starting to feel like someone really needs to try.
I guess, but shouldn’t that at least be somewhat based on how successful they are? Her salary went from 3 million in 2020 to 7 million in 2022 while the market share of Firefox went from 4.7% to 3%, for me it looks more like she knows its a dying company and she just wants to squeeze out as much money as she can.
I’m pretty sure any CEO will try squeeze as much money out of their company whether they are doing well or not. That’s irrelevant.
I actually talked to a (small) CEO last week he said all CEO’s either do it for ego or for money. That’s all it is to them.
But that’s not really the point you are making. The board chooses the rules of the game and its up to the CEO to win it, that’s their job. In this case the board wasn’t rewarding market share as that didn’t interest them, they were rewarding other metrics which Mozilla improved on. I don’t know anything about this company other than its my desktop browser but here is an article I just found
The board not making the success of their main product a metric shows that they wanna move away from it or the mindset of “Google will pay use anyways since they don’t wanna get in trouble for having a monopoly on browser engines” and rewarding her for the VPN which is just a whitelabled version of Mullvad with a worse client. Also keep in mind its a non-profit so rewarding her for making more money feels kinda weird
How many people know why CEO’s get paid what they do?
A lot of it is they are actually worth more than me and you.
But the main thing that made CEO wages increase is that a law was passed for CEOs wages to be made public to discourage high wages. When that happened they competed against each other and the wage inflated.
Currently the negotiating position of businesses is far higher than that of workers because they are scared of not having a job/ don’t know what they are worth. The workers need public salaries. But like a lot of things in this world the workers vote against their own interests.
I’m not really sure how to fix that. But I’m starting to feel like someone really needs to try.
I guess, but shouldn’t that at least be somewhat based on how successful they are? Her salary went from 3 million in 2020 to 7 million in 2022 while the market share of Firefox went from 4.7% to 3%, for me it looks more like she knows its a dying company and she just wants to squeeze out as much money as she can.
I’m pretty sure any CEO will try squeeze as much money out of their company whether they are doing well or not. That’s irrelevant.
I actually talked to a (small) CEO last week he said all CEO’s either do it for ego or for money. That’s all it is to them.
But that’s not really the point you are making. The board chooses the rules of the game and its up to the CEO to win it, that’s their job. In this case the board wasn’t rewarding market share as that didn’t interest them, they were rewarding other metrics which Mozilla improved on. I don’t know anything about this company other than its my desktop browser but here is an article I just found
https://lunduke.locals.com/post/5053290/mozilla-2023-annual-report-ceo-pay-skyrockets-while-firefox-marketshare-nosedives
Interesting, thank you for sharing that, it just showed me once again that i don’t know why people support Mozilla
I don’t understand. What makes you say that?
The board not making the success of their main product a metric shows that they wanna move away from it or the mindset of “Google will pay use anyways since they don’t wanna get in trouble for having a monopoly on browser engines” and rewarding her for the VPN which is just a whitelabled version of Mullvad with a worse client. Also keep in mind its a non-profit so rewarding her for making more money feels kinda weird
I’d take lunduke with a bowl of salt. That dude has had a hate boner against Mozilla for over a decade.