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106

Mastodon CEO steps down with €1M payout and a deep sigh (www.theregister.com)

submitted 2 days ago by Powderhorn@beehaw.org to c/technology@beehaw.org

18 comments fedilink hide all child comments

Eugen Rochko, CEO and founder of decentralized social network Mastodon, is stepping down after nearly a decade at the helm and walking away with a sizable exit payment.

"Mastodon grew beyond any of my expectations," he said. "The past two years especially have been overwhelming, and my mental and physical health have taken a dip."

Rochko's move has, by his own admission, been a while coming. In April 2024, the establishment of a US nonprofit was announced with a governing board of directors that included Twitter co-founder Biz Stone. Rochko also announced that his ownership of the trademark and other assets were headed to the nonprofit.

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[–] StitchInTime@piefed.social 72 points 2 days ago (9 children)

I know nothing about the European software market, but translating this in American, $100,000/year for a principal developer and lead of a project of this scale is like paying him 33%-50% of a US salary for those 10 years.

I’m a firm believer that people - including open source contributors - should be compensated for their time when an avenue exists that doesn’t compromise the integrity of the project. Mastodon an amazing platform and I wish him, and the project, nothing but the best.

[–] lime@feddit.nu 31 points 2 days ago (8 children)

us software salaries are insanely high compared to the rest of the world, because the cost of living in SV is insanely high.

with a €60k a year salary i'm in the 90th percentile of earners in my country and it took me about two years to have enough to finance my own three-bedroom apartment on one income.

[–] IncogCyberSpaceUser@piefed.social 3 points 2 days ago* (last edited 2 days ago) (1 children)

That's great, good for you!
Can I ask what country?

[–] lime@feddit.nu 4 points 1 day ago

as evidenced by the instance i'm on, sweden.

which of course also means that i did the normal stupid we do here and gave the amount before taxes. the take-home from that is more like €40k.

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