Should Mitchell Baker give most of 1 billion back to Mozilla?

Posted Aug 12, 2020 15:13 UTC (Wed) by Wol (subscriber, #4433)
In reply to: Should Mitchell Baker give most of 1 billion back to Mozilla? by scientes
Parent article: Baker: Changing World, Changing Mozilla

The problem basically is that CxOs don't want to be paid less than average. And they have the power to award themselves payrises.

The result is that executive salaries soar as the workers get less and less. As a multiple of average salary, the typical CxOs salary has probably risen 10 or 20-fold since the start of the century. Are they really worth that much?

Cheers,
Wol

Should Mitchell Baker give most of 1 billion back to Mozilla?

Posted Aug 12, 2020 17:49 UTC (Wed) by bracher (subscriber, #4039) [Link] (4 responses)

CEOs don't have the power to award themselves payrises, executive compensation would at a minimum require board approval.

Should Mitchell Baker give most of 1 billion back to Mozilla?

Posted Aug 12, 2020 18:49 UTC (Wed) by Wol (subscriber, #4433) [Link] (2 responses)

Given that many of them sit on each others' boards, I think it's a case of "you scratch my back, I'll scratch yours".

Cheers,
Wol

Should Mitchell Baker give most of 1 billion back to Mozilla?

Posted Aug 15, 2020 15:49 UTC (Sat) by scientes (guest, #83068) [Link] (1 responses)

> "you scratch my back, I'll scratch yours".

Sounds like the U.S. economy.

Should Mitchell Baker give most of 1 billion back to Mozilla?

Posted Aug 15, 2020 16:48 UTC (Sat) by mpr22 (subscriber, #60784) [Link]

Sounds like all economies above subsistence level, frankly.

Should Mitchell Baker give most of 1 billion back to Mozilla?

Posted Aug 12, 2020 23:07 UTC (Wed) by himi (subscriber, #340) [Link]

Remuneration boards are notorious for granting ridiculously large executive salaries and benefits packages - in large part because they're typically made up of people who benefit from that trend continuing. If it was regular workers from these companies voting on the remuneration that would be different, but it's almost exclusively other executives.