Facebook’s Senior VP of Marketing
is now
Mozilla’s Chief Financial Officer

Facebook’s VP of Ads
is now
Mozilla’s Senior VP of Product
(The apparent most senior position)

  • lime!@feddit.nu
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    21 hours ago

    it’s two separate entities, a corporation and a nonprofit.

    i don’t know why it’s like that.

    • iknewitwhenisawit@fedinsfw.app
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      21 hours ago

      In the USA there are restrictions on what types of activities a not-for-profit company can do. For example, you can’t pay a not-for-profit to do work for you. So a common approach is to make a for-profit company owned by the not-for-profit. It will pay staff and any bills associated with work for hire or from selling stuff, and donate any money left over to the not-for-profit. Since companies are taxed based on profits, and donations are tax deductible, it lets companies get around the restrictions.

      It sounds dodgy as fuck, but I worked for an open source company structured like this and it is apparently common. The COO even had a letter from the state in a file stating that it was okay. ¯\_(ツ)_/¯