All that but I have yet to get what the foundation spends 155 MILLION dollars on - each year. Even with your arguments that number seems to be wildly inflated.
Also, the Wikimedia Foundation explicitly asks for funding for Wikipedia. As far as I know, no one asked the Wikimedia Foundation to perform anything past that. This seems to be comparable to Mozilla‘s situation, who try to grow past Firefox with ideas nobody asks for but they lose sight of what their main product.
50% of money goes towards staffing. WF just overhired and pays ludicrous exec salaries, so now they must pay the price.
Last time I checked, just a couple of years ago, Wikimedia's CEO makes ~$350k / year which seems extremely reasonable compared to most CEOs in the USA. It was ~2.5x my salary when I worked at the foundation. Typical CEO salary multipliers (as compared to typical staff salary) are far far greater in the USA.
From my experience, and I worked there for 7 years, Wikimedia pays below average for the industry, though the benefit package is absolutely top-notch.
Also, the Wikimedia Foundation explicitly asks for funding for Wikipedia. As far as I know, no one asked the Wikimedia Foundation to perform anything past that. This seems to be comparable to Mozilla‘s situation, who try to grow past Firefox with ideas nobody asks for but they lose sight of what their main product.
50% of money goes towards staffing. WF just overhired and pays ludicrous exec salaries, so now they must pay the price.