Earlier quoted context omitted.
>politically neutral What does politically neutral mean?
Both sides think you're biased. That's how the BBC does it.
The BBC is not neutral. They are the mouthpiece of the UK government.
Severance payments at Wikimedia Foundation
111–120 of 417 posts
Re: Severance payments at Wikimedia Foundation
#112Re: Severance payments at Wikimedia Foundation
#113Just take a look at this graph. The salaries have been bloating whilst hosting expenses are flat and plummeting as a proportion of all expenses. https://en.wikipedia.org/wiki/Wikimedia_Foundation#/media/Fi... https://en.wikipedia.org/wiki/Wikimedia_Foundation#/media/Fi... Net assets are sitting at ~$240M about 10x what they were a decade ago. Yet they roll out a sob-story banner on every page insinuating that they mi…
>politically neutral What does politically neutral mean?
[flagged]
Re: Severance payments at Wikimedia Foundation
#114Earlier quoted context omitted.
It's critical to compensate non-profit employees near the market rate otherwise you end up with sub-par performers, martyrs, having the vision co-opted by the wealthy who can afford to be underpaid, or the young who leave disillusioned. The Gates foundation pioneered this approach and imho it's the right way to operate in the sector.
Getting people market rate is fair, but that’s 1. for regular employees. 2. Assuming market rate is fair and not minimum wage There is no reason executive pay needs to follow market rate dynamics at a non profit. Otherwise you’ll have underpaid and free labor while executives milk the cow at 100x median pay rates and generous golden parachutes.
Just imagine in Bobby Kotick were on the board of a non-profit!
Re: Severance payments at Wikimedia Foundation
#115Ignoring for now the severance package, the salary seems pretty low for a CEO of such a large foundation. $400-500K is about the salary range of a senior-staff engineer at FAANG and their responsibility is way lower. One of the issues with non-profits is that people expects the employees/management to be there for the cause and to be happy with lower salaries. This seems to incentives IMO one of the following: - only…
A senior staff engineer at FAANG makes decisions on the implementation of features which have effects on 8+ digits of revenue. It's mostly downside risk: if you don't do it right, then the lack of availability costs a lot.
Re: Severance payments at Wikimedia Foundation
#116Earlier quoted context omitted.
I would be happy. I'm not an executive so I don't get executive pay. The executive salaries at Wikimedia seem low compared to what you can earn at a similarly sized business.
The thing is, what exactly does something like Wikipedia need executives for? What strategic shifts does it need to adapt to? What new product lines does it need to move the entire org around to create? What hard decisions does it need to make to shut stuff down? It's not really a business.
You're giving a business definition of a few responsibilities for an executive and then saying it's a poor fit. Now try giving an NGO definition of an executive to see if it's a better fit and if they have any significant responsibilities.
Non-profits shut down all the time. If you're concerned about a lasting impact you'll pay for a talented executive team.
Re: Severance payments at Wikimedia Foundation
#117Earlier quoted context omitted.
Both sides think you're biased. That's how the BBC does it.
How do you do this in a country with more than 2 political parties such as the United States [1]. [1]: https://en.wikipedia.org/wiki/List_of_political_parties_in_t...
Move to Canada, Germany, Australia or wherever.
Re: Severance payments at Wikimedia Foundation
#118Re: Severance payments at Wikimedia Foundation
#119It looks like the CEO of Wikimedia gets paid roughly as much as a Staff/Senior Staff-level FAANG engineer. That looks about right. And they got 6 months severance. Also comparable. I don't get why people are upset. Somehow everyone working for a nonprofit should bring home less money to their families. In truth what that assumption would mean is that nonprofits get less skilled people.
People are upset because it was working fine 10 years ago when execs were paid a fraction of the amount. They're upset because wikipedia asks for donations every year even though they've collected enough money to run wikipedia off interest from treasury bonds.
Re: Severance payments at Wikimedia Foundation
#120Earlier quoted context omitted.
I have the complete opposite read of the situation to you. I have no beef with people getting treated well by any kind of organisation.
For nearly half of households, the severance for the CEO represents over 10 years of income. Households, not people. A great many of those people would have never received severance pay of any amount. Of those who do, they would be fortunate to receive months of severance pay based upon earnings that are a fraction of what a CEO earns. Is it any surprised that some people would be upset? Factor in that the Wikipedia…
> For nearly half of households, the severance for the CEO represents over 10 years of income
90% of households actually. Most people aren't USAians.