Mozilla are basically in the same place Nominet were. A non-profit with enough spare cash that the executives got grandiose ideas and used it as their personal playground. Happens a lot, and you see the executive disconnect of "I run an organisation with hundreds of millions of dollars coming in, so I personally must be worth a $$$ salary". Lol no.
There is a significant difference though - Nominet is built around a viable business. They have a monopoly on the .uk TLD and a steady income stream from operating the registry. That they pissed away a chunk of cash arsing around with self-driving cars doesn't change that.
Mozilla have been almost entirely dependent on a firehose of money from Google. This has long been considered dangerous, and it may come to pass that this shuts off when various anti-trust bodies stop Google paying for default search status.
I agree with Liam's assessment that Mozilla should focus on shepherding FF as the reference browser (and associated projects/ecosystem - Rust/Servo, supporting KaiOS, Thunderbird, etc), along with being a standards attack hound. But it does seem that they need to develop stable, independent and diversified income stream. They could of course be sitting on a tidy pile generating passive income had their previous firehose been better stewarded. Alas, that's by the by now.
The need for income could be mitigated if they had worked to offload some development effort to third parties - for instance, if Servo had been in a better place, MS might have rebased Edge onto Gecko instead of Chromium. It's reasonable to presume that MS would then have contributed some engineering effort back upstream, because they would be competing with Chrome for browser installs on Windows and want Edge to be as good as possible, which means making Gecko as good as possible.
Same goes for GNOME, and Kai who are leaning on Mozilla outputs as a dependency.
Perhaps what is needed is a movement for those who have benefitted from Netscape and then Mozilla's development of web standards and browser tehcnology to contribute back a long-term endowment.
Zuckerberg, Bezos, Page, Brin, Ballmer and Gates are all worth >$100Bn.
If each of them dropped $200m into a trust, that'd be a $1.2Bn endowment to provide long-term stability and security. A quick look on the Forbes real-time billionaires list shows all of them have seen their wealth increase by $500m-$4Bn in the past 24hours based simply on market fluctuations. I doubt they'd miss such a miserly sum.
I expect Dorsey could pitch some in as well, but as he's only worth $4Bn, we'll let him off with a smaller $50m contribution.
This would basically double the $1Bn the Foundation currently has in investments (2024 report).
They report spending ~$250m/yr on software development and another $125m on Management/General. The payroll is ~$200m/yr. Total spend is $600m/yr.
So a $2Bn trust would not cover all that.
It would however take the heat off annual receivables from search and largely underwrite core Firefox work. Throw off anything AI related (I note the IT budget went up $10m from 2022-2023. Maybe that was a renewal cycle, but I wonder if it was AI-related hardware or cloud spend?).
Seriously. If you can't turn out a bloody good product on $200m/yr, then sack the leadership.