Monday, November 12, 2007

Will Success, or All That Money From Google, Spoil Firefox? - New York Times

Timely Mozilla reality check; see the article for more details 

According to Mozilla’s 2006 financial records, which were recently released, the foundation had $74 million in assets, the bulk invested in mutual funds and the like, and last year it collected $66 million in revenue. Eighty-five percent of that revenue came from a single source — Google, which has a royalty contract with Firefox.

Despite that ample revenue, the Mozilla Foundation gave away less than $100,000 in grants (according to the audited statement), or $285,000 (according to Mozilla itself), in 2006. In the same year, it paid the corporation’s chief executive, Mitchell Baker, more than $500,000 in salary and benefits. (She is also chairwoman of the foundation.)

Will Success, or All That Money From Google, Spoil Firefox? - New York Times

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