Matrix.org is Introducing Premium Accounts
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Not trying to be a dick but the Executive Director can take a fucking pay cut.
I found a reddit thread from 4 months ago where he said his salary was $170k/year. I'm not saying he is making obscene money, but if that's nearly 15% of all operating costs he can shave that down to $80k-$100k and still live comfortably if he's willing to accept a more austere standard of living.
I'm not saying he doesn't deserve to be paid well, but he's getting a damn sight better pay than moderators and community managers who seem to make up 50% of the budget for multiple people: the trust and safety team as well as the other employees at the foundation.
Yeah, it's all grifts for morons by scumbags.
Some idiots were really trying to peddle the lie that infosec.exchange costs $5000/month to host while of course providing no verifiable evidence, just "trust them bro." It's sad watching suckers lap it up without a second thought.
A fool and his money are soon parted.
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170k for running a company? Shit. I wouldn't do that. You can make just as much being a halfway competent developer, and it's way less stress.
It must not be that stressful if you have $170k leftover to pay yourself.
Most people work more stressful jobs for considerably less. We should stop giving CEOs a pass.
This shouldn't need to be said, but most people are useful idiots so here we are.
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We have been communicating on the lack of funds in the Foundation for a while now, the latest being here. And whilst we’ve been working hard to gather new members and are happy to see the number of logos increasing (thank you all for seeing the need for Matrix to stay independent and safe, and the value in supporting it!), none of the big players in the ecosystem have actually committed to one of the higher membership tiers, so we need to find other ways towards sustainability.
Sounds like that business plan isn't working out like you hoped...
And/Or not enough users care to use your product.
️$170k/year for 1 person is no joke.
This is just a grift to take advantage of morons.
Don't be one of them.
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deleted by creator
It's a load of bullshit and we shouldn't trust them.
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At some point donations become unsustainable. Like literally their options are to start charging or close up shop.
The smarter thing to do would be to rotate instances on sign-up to decentralize the Matrix-verse but it's probably too late now.
Ads win out in the end, more lucrative for the business model, and thats usually when enshittification occurs.
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Matrix became the new Discord
It would take hundreds of millions of dollars to make Matrix as shit as Discord is.
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170k for running a company? Shit. I wouldn't do that. You can make just as much being a halfway competent developer, and it's way less stress.
I guess you live in the USA? No one makes this amount of money
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Depends on what that title actually means. Viewing it as a pie chart skews it so you don't realize that $170k in USD is pretty mediocre for a Director of Engineering role. If the project dies without this person, and that's what they need in salary to make it worth it to keep them there, then that's what they get paid.
It's not like they're even making an obscene amount of money ffs. That's a middling engineering salary, and this person is running the whole show. You should see what other "director" jobs at much shittier companies get paid. I think twice this amount would be a weak guess. If this person was a prick, they'd be milking that goat and taking all the free money.
This is an open source project backed by a non-profit foundation, granted, but this person is taking a massive pay cut just by working this job. Think about how that might impact their life to make that choice while trying to have a family.
$170k salary still won't you a fucking house in this country unless you live in the middle of nowhere, and this person is almost certainly in a major tech hub city, so that money means diddly when trying to pay the bills. It's barely above the poverty line in Silicon Valley after taxes for reference.
Everyone in here complaining because they make half this and think it's a lot of money because they live in Bumfuck, Idaho has no idea what it costs to live in the larger tech hubs around the world.
You don’t have to buy a house every year
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Depends on what that title actually means. Viewing it as a pie chart skews it so you don't realize that $170k in USD is pretty mediocre for a Director of Engineering role. If the project dies without this person, and that's what they need in salary to make it worth it to keep them there, then that's what they get paid.
It's not like they're even making an obscene amount of money ffs. That's a middling engineering salary, and this person is running the whole show. You should see what other "director" jobs at much shittier companies get paid. I think twice this amount would be a weak guess. If this person was a prick, they'd be milking that goat and taking all the free money.
This is an open source project backed by a non-profit foundation, granted, but this person is taking a massive pay cut just by working this job. Think about how that might impact their life to make that choice while trying to have a family.
$170k salary still won't you a fucking house in this country unless you live in the middle of nowhere, and this person is almost certainly in a major tech hub city, so that money means diddly when trying to pay the bills. It's barely above the poverty line in Silicon Valley after taxes for reference.
Everyone in here complaining because they make half this and think it's a lot of money because they live in Bumfuck, Idaho has no idea what it costs to live in the larger tech hubs around the world.
Exactly. I’m nowhere close to the top of the tech ladder, but I make more than that and still have to rent and will be renting for several more years. To buy an average house in this city, it would be like 7k/month without a 20% down payment. And household debt needs to be 30% of your total income so I would need to make $250k to even get approved for a loan for an average house in the city.
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You don’t have to buy a house every year
No, but you do have to make enough to convince the bank to loan you the money to buy it. Houses in major cities cost WAY more than $170k.
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I’m not saying he is making obscene money
Then I am: he is making obscene money. Converted that's like 125k GBP, you can buy a house for cash every 3 years in the UK from that much money O.o (Ok, every 6 years if you spend half of it one living costs.) It's almost 7 times the minimum wage here.
you can buy a house for cash every 3 years in the UK from that much money
yeah every 3 years is too much!
… well, tax so
every 5 years then!
… oh right rent he’d pay in the interim
fine every 7 years!
… ahhhh food costs money too!
okay okay every 8 years!
… i guess people do tend to pay bills
every 9 years!
… it’s not reasonable to be a shut in for those 6 years and being social costs money
every 10 years!
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Depends on what that title actually means. Viewing it as a pie chart skews it so you don't realize that $170k in USD is pretty mediocre for a Director of Engineering role. If the project dies without this person, and that's what they need in salary to make it worth it to keep them there, then that's what they get paid.
It's not like they're even making an obscene amount of money ffs. That's a middling engineering salary, and this person is running the whole show. You should see what other "director" jobs at much shittier companies get paid. I think twice this amount would be a weak guess. If this person was a prick, they'd be milking that goat and taking all the free money.
This is an open source project backed by a non-profit foundation, granted, but this person is taking a massive pay cut just by working this job. Think about how that might impact their life to make that choice while trying to have a family.
$170k salary still won't you a fucking house in this country unless you live in the middle of nowhere, and this person is almost certainly in a major tech hub city, so that money means diddly when trying to pay the bills. It's barely above the poverty line in Silicon Valley after taxes for reference.
Everyone in here complaining because they make half this and think it's a lot of money because they live in Bumfuck, Idaho has no idea what it costs to live in the larger tech hubs around the world.
That's probably because I live in another country which works very differently, so what I'll say is not a judgement about the veracity of your comment, but I find incredible that $14'000 a month could be in any capacity considered a mediocre salary… the French president earns that in euros!
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I guess you live in the USA? No one makes this amount of money
A Senior Developer in any major city makes that amount of money.
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No, but you do have to make enough to convince the bank to loan you the money to buy it. Houses in major cities cost WAY more than $170k.
if it's a matter of years and not centuries then in fairly alright. In many countries nowadays, new borns will never have ownership of a house or flat.
Even in europe, $50k yearly would be considered a good pay, and house in major cities would also cost way more than $170k
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It must not be that stressful if you have $170k leftover to pay yourself.
Most people work more stressful jobs for considerably less. We should stop giving CEOs a pass.
This shouldn't need to be said, but most people are useful idiots so here we are.
You're missing the point. There are easier jobs in the same industry for the same pay.
We're not comparing tech CEO to roofers. We're comparing them to other people in tech.
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A Senior Developer in any major city makes that amount of money.
Funnily enough, it shows the localised amount.
For me in France it shows 50k€ to 69k€, so $58k to $80k at current exchange rates
It just confirms that this is USA only haha
Btw glassdoor sucks. Forces you to have an account and register work shit
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Not trying to be a dick but the Executive Director can take a fucking pay cut.
I found a reddit thread from 4 months ago where he said his salary was $170k/year. I'm not saying he is making obscene money, but if that's nearly 15% of all operating costs he can shave that down to $80k-$100k and still live comfortably if he's willing to accept a more austere standard of living.
I'm not saying he doesn't deserve to be paid well, but he's getting a damn sight better pay than moderators and community managers who seem to make up 50% of the budget for multiple people: the trust and safety team as well as the other employees at the foundation.
To be fair, that's the lowest executive salary I've seen in a looong time.
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A Senior Developer in any major city makes that amount of money.
Just looked on that link for the UK. The average is listed as £63k, which is $85k.
So you're not exactly disproving the point that that type of high salary is a US thing.
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Funnily enough, it shows the localised amount.
For me in France it shows 50k€ to 69k€, so $58k to $80k at current exchange rates
It just confirms that this is USA only haha
Btw glassdoor sucks. Forces you to have an account and register work shit
Listed salaries are almost always what the employee pays, not what it costs the company. In the US, this includes the payroll tax, and cost of "benefits," like healthcare and unemployment insurance, and is referred to as the burdened rate. This is separate from the income tax the employee has to pay to the government, mind you.
The burdened rate for most employees at the companies I've worked for in the US is like 20-50% higher than the salary paid. Not sure exactly how it works in France, but I do know there's a pretty complex payroll tax companies have to pay. I think it's something like 40% at the salary you quoted.
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I’m not saying he is making obscene money
Then I am: he is making obscene money. Converted that's like 125k GBP, you can buy a house for cash every 3 years in the UK from that much money O.o (Ok, every 6 years if you spend half of it one living costs.) It's almost 7 times the minimum wage here.
Employees have to pay for basically everything in the US, so salaries have to be a lot higher here. School, childcare, healthcare, retirement, you name it. Also, all those things are more expensive here because they're provided by companies that need to make a profit. It sucks.
