Endowments are usually managed by comittee, so yes. However, if it becomes a mor... | Hacker News

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		bawolff on Sept 23, 2020 \| parent \| context \| favorite \| on: Firefox usage is down despite Mozilla's top exec p... Endowments are usually managed by comittee, so yes. However, if it becomes a more volunteer based organization, you tend to pay people in conferences and other infrastructure. Which is a very different type of thing. You still probably need someone to manage that, but its very different from being a CEO

fierarul on Sept 23, 2020 [–]

So you replace 1 CEO with a committee of 6 people and save how much money?

bronson on Sept 23, 2020 | [–]

If you pay each committee member $400_000/year, you’ll save $100_000/year. Sounds like a good move to me.

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