Re:Mozilla’s Fix-the-Internet Incubator
by dependenttypes on Tuesday May 26, 2020 @11:35AM
(#23312436)
And despite being a non-profit company they have been putting millions of dollars in the pockets of their executives. There have been quite a few threads here on HN about that.
[ Parent
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Only tiny part of Mozilla is non-profit. It’s called Mozilla Foundation.
The rest, called Mozilla Corporation (I.e. the maker of Firefox) is very for-profit, including all the usual things like profit-driven layoffs and insane bonuses for executives, etc.
Re:Mozilla’s Fix-the-Internet Incubator
by dependenttypes on Tuesday May 26, 2020 @11:46AM
(#23312598)
I was under the impression that the Mozilla Corporation was owned by the Mozilla Foundation. Would that not mean that the profit from the corporation would go to the foundation? Or is this a legal trick to allow them to profit from the foundation?
They need to keep them financially and legally separated, but Corporation is still allowed to make some money transfes to Foundation (but not the other way around).
I’m actually surprised they are now allowed to have the same CEO for Corporation and Foundation. They might be inviting an IRS audit this way.
> I’m actually surprised they are now allowed to have the same CEO for Corporation and Foundation.
You're spreading misinformation. AFAIK Mitchell Baker is still the chair of the Foundation, but the Foundation's equivalent of a CEO is Executive Director Mark Surman.