63
Mozilla 2023 Annual Report: CEO pay skyrockets, while Firefox Marketshare nosedives
(lunduke.locals.com)
this post was submitted on 28 Dec 2023
63 points (62.4% liked)
Firefox
17902 readers
72 users here now
A place to discuss the news and latest developments on the open-source browser Firefox
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
You should also take the post with a grain of salt, In addition to his shitty politics, Lunduke doesn't have the best reputation for truthfulness in his tech reporting.
He's fudged numbers before, and often makes clickbait titles that just are not supported by his blog posts or videos.
The shitty politics were not the only reason I started ignoring his dumb ass.
Yeah, noted.
I did go and read the report myself. The blog combines lot of stuff and makes its own narrative, but it's not wildly inaccurate as far as I can see and I can't say it changed my overall level of disappointment.
The strategy letters from the Chair and the President are full of AI mumbo-jumbo and they've expanded the board from six to ten people, taking on four new members who are supposed to be able to guide them towards this new, fantastic AI-filled future. Quite large percentage of the board is now meant to be there for "building better future with AI".
Their income is still largely (81%) tied to one customer and the rest are scraps from VPN and Pocket subscriptions. Basically the whole corp sits well and truly in Google's pocket.
The Foundation President gets $300k year, the Corp CEO gets $600k year, but somehow also qualified for $6.3M bonus totaling $6.9M. That's a nice raise from $5.4M last year. Sure, the CEO compensation packages are globally totally fucked up and I guess it's easy to point to "competitive roles elsewhere" and motivate the need for year on year extra millions, but they have been firing people due to shrinking revenues, so not sure what her performance bonuses are tied to.
As to them abandoning Firefox. That's perhaps a claim taken too far. Gotta do some creative between the lines reading. They say they're building this fantastic, bright AI future on the base of their core products (so Firefox and Thunderbird). I think they'll stick around and I think it makes sense for Google to keep it going in some marginal market-share capacity order to avoid anti-trust watchdogs.