←back to thread

Mozilla lays off 70

(techcrunch.com)
929 points ameshkov | 1 comments | | HN request time: 0.213s | source
Show context
dman ◴[] No.22058629[source]
Brendan Eich has a helpful chart of Compensation of Highest paid executive at Mozilla vs Firefox market share over time.

https://twitter.com/BrendanEich/status/1217512049716035584/p...

replies(8): >>22058725 #>>22059044 #>>22059122 #>>22059260 #>>22059384 #>>22059453 #>>22059705 #>>22060015 #
bearcobra ◴[] No.22059453[source]
This chart feels a bit disingenuous given that Mozilla's form990s show Eich's salary tracking along basically the same line until his departure in 2014.
replies(3): >>22059687 #>>22060063 #>>22060527 #
Blake_Emigro ◴[] No.22060063[source]
It also doesn't take into consideration revenue growth, which according to the corporation's Wiki page grew much faster and higher in multiples than her salary.

As well, according to the same Wiki, "There will be no shareholders, no stock options will be issued and no dividends will be paid." It would be a bummer to run a company of that size, be dedicated to it for so long, and not have any stake in it. Imagine her opportunity cost...

https://en.wikipedia.org/wiki/Mozilla_Corporation

replies(2): >>22060201 #>>22060543 #
BrendanEich ◴[] No.22060543[source]
Wikipedia is unreliable. Perhaps you missed it, but Verizon bought Yahoo!, realized how Marissa's five year default search deal with Firefox was bleeding money as most users reset their default to Google, and Mozilla and Verizon declared the other party in breach in rapid succession. This will go to court, and my money is on Verizon. There will be no balloon payment of the last two years.

The jump in comp in 2017, as far as I can tell, was predicated on the Verizon payments being fulfilled. I hear it was also a quid pro quo for Foundation board members who demanded (order of magnitude smaller) salaries for their work as board members. Perhaps they do a lot, but in past, board members (including me) worked for no added comp.

Mitchell may be worth it, but I'd want more of a turnaround in market share, new revenue sources, or both. Maybe that is just me.

replies(3): >>22060696 #>>22062892 #>>22081225 #
mjw1007 ◴[] No.22062892[source]
According to this article, the lawsuit was settled in September 2019, though it doesn't give a reference and I haven't seen it reported elsewhere.

https://www.computerworld.com/article/3487825/mozilla-in-tro...

replies(1): >>22068105 #
1. BrendanEich ◴[] No.22068105[source]
Thanks, I missed that. I asked around, and I'm told that Mozilla's suit was dismissed with prejudice in Santa Clara County Superior Court (original case id is 17CV319921, I think). If true this helps account for both Chris Beard termination and layoffs.