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mozilla made it, 3.3 million in donations!
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this post was submitted on 04 Jan 2024
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Well done guys. Quarter of CEO's salary is safed for the next year!
Again, the CEO is not paid by the mozilla donations. She's paid fully by Mozilla Corp which does not get donations. Please don't spread misinformation.
Answer this: If the corp had 7M to spare, would it go to the same initiatives as the donations? And if not, why?
because that money is for the ceo?
They wouldn't. The Corporation is a separate entity, I believe for tax reasons, allowing them to hold more money. I don't think that it's allowed to use it as a loophole to avoid regulations that apply to foundations, while still using that money to fund Foundation projects.
Not true. Corp provides funding to foundation. Foundation owns and started Corp. Foundation uses Corp for development. That 7m could be improving product. Acting like Corp and Foundation are truly independent is a falsehood. Would you say the same about OpenAI?
Worth a read: https://en.m.wikipedia.org/wiki/Mozilla_Corporation
AFAIK the only way money flows from the Corporation to the Foundation is by the Co paying royalties to the Foundation for the use of the Firefox trademark. Obviously exactly how that number is determined is a little fuzzy, but I don't think it (legally) can be just any number - it has to be justified somewhat. In any case, the Corporation is not short of money, so if the Foundation wanted more money to flow from it to the Foundation, a shortage of money due to CEO pay is not the reason.
(You are definitely right in the sense that Co money could be used to fund more Co projects. Those are not the same initiatives that would be funded by donations to the Foundation though, as money doesn't flow from it to the Co. Think Common Voice, MozFest, lobbying, Privacy Not Included...)
The short of it is: No organization that asks for donations should have a CEO making 7M. The facts:
I'm a Mozilla fan, but I'm not a fan of income inequality, and Mozilla is contributing to it.
Refs:
I mean, depending on what you mean by "purposely", I just think there's no good way in general to determine the exact worth of the use of a trademark.
Since the Corporation was founded on August 3, 2005 - this might've been the reason? Before the Corporation existed, the Foundation had to receive the money from the search engine providers directly (and the "tax reserve fund" sounds like creative accounting to hold on to that money, potentially leading to the audit), whereas later, the Corporation could hold on to it and pay taxes over it like a regular corporation does.
I'm with you here, and I'm not saying that the ratio CEO pay:employee pay is a good one. All I'm saying is that the money used to fund the CEO pay could not have been used to fund Foundation projects like Common Voice, as far as I'm aware.
Done, thx