Question, by Elizabeth Lucas
Please explain how your salary of $2.5 million couldn't be put to better use as part of Emerging Technology's budget?
MitchellBaker (Moz CEO)
I’m going to divide this question into 3:
Should Mozilla have anyone other than engineers, or ET engineers?
If so, should Mozilla have “executives”; and
If so, how should Mozilla pay those execs?
Question 1 clearly I believe the answer is yes, and that broad-based leadership which includes but extends beyond engineering expertise is required. Building great technology is key, and I’m proud of Mozilla’s capacities here. More is required however, to start with technology and have the kind of impact on human lives that we want.
Question 2: again, my answer is yes. I struggled for years to understand the term "exec" and what it means beyond leadership. I've come to believe this is an important role, and there is something about the scope and set of responsibilities that is important to success.
Question 3: Executive compensation is a general topic -- are execs, esp CEOs paid too much? I'm of the camp that thinks the different between exec comp and other comp is high. So then i think, OK what should mozilla do about it? My answer is that we try to mitigate this, but we won't solve this general social problem on our own.
Here's what I mean by mitigate: we ask our executives to accept a discount from the market-based pay they could get elsewhere. But we don't ask for an 75-80% discount. I use that number because a few years ago when the then-ceo had our compensation structure examined, I learned that my pay was about an 80% discount to market. Meaning that competitive roles elsewhere were paying about 5 times as much. That's too big a discount to ask people and their families to commit to.