I just want Firefox to be faster. I'm donating to Floorp (a Firefox fork), at least they seem focused on making the browser better.
Like, in general, I find that any HN thread where most of the comments are just agreeing, one-upping and yes-anding while invoking the same talking points and terminology (CEO ghouls, etc.) is probably a topic we might need to chill out on.
Mozilla makes mistakes just like any organization but they’ve done and continue to do more for an open Internet than most.
The CEO’s salary is enough to fund >30 extra devs. Imagine how many of those issues could have been ironed out over the years.
I keep seeing this line as if people think CEOs shouldn't exist or aren't worth their compensation. That is incredibly incorrect thinking. Good CEOs and bad CEOs are two different creatures and lead companies to very different places. Just like you want to pay more for highly skilled developers, you want executive pay to be competitive to hire someone capable of the job.
Put it this way, you could pay me $1m in annual compensation to be Mozilla's CEO (sounds like a good deal?), but I am sure I will be the most terrible CEO in the history of the company and cannot even run the company properly at a daily basis.
If the “bad” CEOs don’t take pay cuts or subsequently struggle to find work, then that thinking is obviously not as “incredibly” incorrect as you claim.
Does mean that CEOs are wildly more effective? Or just wildly better at diverting profit to themselves? I'd argue the latter.
Further, CEOs and wannabes have a strong incentive to structure organizations such that they depend ever more on the CEO, justifying massive compensation and of course feeding their egos. But I would argue that beyond a certain size, having to route everything important through one guy is an organizational antipattern. So yes, I'm very willing to argue most CEOs shouldn't exist. Or at least most CEO positions.
However it shouldn't be a 268 to 1 ratio with the median worker like the SP500 average. There is no way the CEO is worth that much money to the company.
Investors (and the boards they hire) pay CEOs for results. That range of results is very wide for large companies.
However, most ceos aren’t genius superstars. And I don’t think CEO pay really makes sense given supply and demand. I think there’s plenty of people who could do at least as good a job as many CEOs do, and would happily do so for a lot less money.
I suspect a lot of CEO pay is an arse-covering exercise by the board. If the board hires a super expensive CEO, and that person turns out to be terrible, the board can say they did everything they could do to get the best ceo. But if the board hires someone for much less money who turns out to be a turkey, they might be blamed for cheaping out on the ceo - and thus the company’s downfall is their fault.
Is the Mozilla CEO really so amazing at their job that they deserve such insane compensation? I doubt it. I bet there’s dozens of people at Mozilla today who are probably smart enough to do a great job as CEO. They just won’t be considered for the role for stupid reasons.
Zen Browser has been producing the features people have been asking for from Firefox with $0. I can't imagine what motivated devs like those could produce with just 1% of the money Mozilla burns.
It's not that they haven't done great things for the web. It's just that we expect more from their most popular product considering the money that they're rolling in.
https://www.reddit.com/r/firefox/comments/1j07hrt/heres_how_...
That alone is enough to disqualify all of them. Now look at mobile - the biggest market ever. Firefox does not exist on mobile. That is a reason to remove the leadership and the board with it.
Yes. This is absolutely true. Most CEO’s are not worth this kind of money. In fact, most CEO’s could disappear overnight and cause zero disruption to the operation of the company.
I think the complexity of the job is _far_ overrated, and the main reason people think they’d suck at it is because they have no/less confidence.
People that become CEO’s are purely better at faking that confidence. If you are lucky, the confidence is built on skill instead of bluster, but they both get paid the same regardless.
In reality they don't do all that much. And most of the decisions are driven by data and advice from Gartner that just recommend the highest bidder, not some magical insights.
After all the CEO works for the board which is made up of shareholder representatives. They have very little industry knowledge and they just want the company to jump on the latest hype and "industry practices". They're usually very risk-averse.
So the CEO is kinda tied by what's happening in the industry anyway. The only CEOs that are capable of breaking that are the ultra confident ones like Jobs or Musk.
Nobody else got that kind of raise at Mozilla and they probably were much better at their jobs.
But hundreds of millions it was not.
From that, I’d conclude that CEO capability and effectiveness really matters and paying up for a good one is worth it.
I've been running into both pretty much daily. As a long time Firefox users (since 2.0 almost exclusively), it didn't used to be like that, it's a recent phenomenon.
Much can also be said about them removing features and not implementing things people keep asking for for decades; for example, the vertical tab feature request was there for more then 20 years, I think?
It's not a criticism of developers, they're doing what they can, it's obvious set by managers.
I still use it because it's the least bad option. They have a long history of ignoring the community in favour of the mainstream, ironically a user group they have lost a long time ago. So now they're just alienating their remaining supporters in order to cater to users that don't even remember they exist.
Also possible is that the CEOs grossly overcentralized the companies such that they increased the apparent importance of CEO decisions and then just took some big gambles. Heads they get paid a lot of money; tails their bets pay off and they get hailed as geniuses who get paid even more money.
How does that make them "worth it"?
> but I am sure I will be the most terrible CEO in the history of the company
Look, I've interacted with CEOs and frankly the job isn't nearly as hard as you are making it out to be. The most important aspect of the job is socializing, not managing the company like you might assume. It's putting on a good show and making potential clients like you. It's every bit just being a good salesperson.
There's a reason, for example, my CEO currently lives in California even though his company is halfway across the country and has no offices in CA.
Now, that isn't to say the Job of a founder CEO isn't a lot more difficult, it is. However, once a company is established the CEO job is a cakewalk. There's a reason companies like FedEx had a CEO literally in his 80s that gave up the reigns right before he died.
If you have the ability to schmooze, sit through meetings, and read power-points. Congratulations, you have what it takes to be a CEO.
In that case, for every CEO there's literally a dozen other people at that company alone who could do their job. Why do we keep repeating that good CEOs are in short supply?
Moreover study after study has shown little correlation between CEO pay and quality of decision-making. Case in point: https://en.wikipedia.org/wiki/Marissa_Mayer#Yahoo!_(2012%E2%...
And finally, rich people eventually look for other ways to feel valued. Status is a big one. Having the top job at the company is a big perk in and of itself. If they don't feel privileged to be the CEO, why the hell even take the job?
Obviously Apple wouldn’t be Apple without Jobs, Tesla without Musk, and Amazon without Bezos.
Moving on from founders, we saw the cardinal difference between Balmer and Nadella for Microsoft.
So there’s some merit to their role. One could argue that from a shareholders perspective it’s the only role that matters. Every other role is an opaque “implementation detail”.
Right, that explains why Tim Apple got 100 million dollars in 2022, he was just that good at channelling the spirit of Jobs.
Yes indeed. There is no CEO in existence worth 30 of the employees that work under them. It's certainly true that good and bad CEOs exist, and that a good CEO can be a force multiplier that deserves higher compensation. But 30x (and often more!!) is an insane overinflated view of CEOs' worth to the company. The only reason they get away with it is that they are hired by the board of directors, which is.. other CEOs. So a good old boys' club is keeping salaries high completely divorced from any actual value provided.