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.
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.
From that, I’d conclude that CEO capability and effectiveness really matters and paying up for a good one is worth it.
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.