Mozilla: Difference between revisions
executive pay controversy section added with citations and a pretty table |
added investment income section. Tag: 2017 source edit |
||
Line 46: | Line 46: | ||
The disparity between Mozilla’s executive pay & its financial performance is shocking—Google, a company with '''infinitely''' more market success, compensates its CEO at a fraction of its revenue, while Mozilla, a failing browser in terms of market share, provides a much higher percentage of its limited revenue to executive salaries to individuals that contribute no code. | The disparity between Mozilla’s executive pay & its financial performance is shocking—Google, a company with '''infinitely''' more market success, compensates its CEO at a fraction of its revenue, while Mozilla, a failing browser in terms of market share, provides a much higher percentage of its limited revenue to executive salaries to individuals that contribute no code. | ||
===Investment Income=== | |||
Mozilla Foundation's revenue comes from investments moreso than donations. In 2023, Mozilla reported '''$37,574,982''' in investment income, accounting for '''over 58%''' of the non-profit’s total revenue for the year.<ref>[https://wiki.rossmanngroup.com/wiki/File:501c3_2023_990_Mozilla_Foundation_-_Full_Filing_-_Nonprofit_Explorer_-_ProPublica.pdf Mozilla Foundation 2023 Form 990]</ref> | |||
The investment income comes from three primary sources: | |||
* '''Publicly traded securities & other investments''': Mozilla maintains a portfolio of investments that generate annual returns. | |||
* '''Program-related investments & royalties''': The Foundation earned '''$18,639,553''' in royalties from licensing its intellectual property to support open-source projects.<ref>[https://wiki.rossmanngroup.com/wiki/File:501c3_2023_990_Mozilla_Foundation_-_Full_Filing_-_Nonprofit_Explorer_-_ProPublica.pdf Mozilla Foundation 2023 Form 990]</ref> | |||
* '''Dividends and interest''': Mozilla also earns investment income from dividend-paying stocks and interest-bearing assets. | |||
Mozilla's reliance on investment income rather than direct contributions has raised questions about how responsive Mozilla Foundation is to the viability & market share of Mozilla software & its mission, given its ability to survive & continue paying high executive compensation regardless of whether work towards the core mission is being performed in a competent fashion. | |||
==Incidents== | ==Incidents== |