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.
In 2023, it was €5.000/month (source).
That‘s about as much as a full stack software developer makes in Germany working a 40h week (source).
Seeing that he was a CEO, definitely worked more than 40 hours per week and was the driving force behind Mastodon, I, as someone who supports them financially, am totally okay with him getting a big payout now.