this post was submitted on 29 Dec 2024
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How much money do they actually spend on the development of Firefox? That's a figure I haven't been able to find. However, in 2023, they had $1.5 billion in assets.
The only justification for a high-paying CEO is if they need to coordinate some large scale fundraising effort - schmoozing with other rich fucks to gain further donations, and plotting elaborate strategies to get more donations.
They have $1.5 billion in assets. How much more do they really need? Need someone to manage Mozilla's assets? Make me the CEO. I'll do it for you. In fact, I'll do it for free. That will be my contribution to the Firefox project. I'll stick that $1.5 billion in simple bond and index funds and withdraw at a very conservative 2% rate. And that will provide $30 million a year to spend on developers to improve Firefox and other projects. And we can just keep doing that forever. I'll purposefully withdraw funds at a rate lower than the market averages, so the real value of the endowment grows over time. And that will allow us to slowly expand the scope of operations and start new projects. And while I won't spend any time or effort to schmooze and jet set across the country to kiss the ass of some billionaire, if one wants to throw some money in the pot, we'll have a donation button on the website.
What a self serving wank fest