Legal fees were $493,315 for the fiscal year ending in 2023. Web hosting expenses were $3,120,819. They spent more on travel and conferences than both these combined ($4,180,219). Also, they pay their CEO more than all legal expenses.
I would really like to see Wikipedia become fully self-suffient, so it can’t be threatened by a hostile takeover. They could do that through investment income without ever touching their principal, especially if they started reasonably managing expenses years ago.
That’s legal fees meaning court filing and other fees (seems low). You also have professional legal services, which includes specialized lawyers, in-house attorneys, and the General Council, which consists of board-level executives with legal credentials.
Legal fees were $493,315 for the fiscal year ending in 2023. Web hosting expenses were $3,120,819. They spent more on travel and conferences than both these combined ($4,180,219). Also, they pay their CEO more than all legal expenses.
I would really like to see Wikipedia become fully self-suffient, so it can’t be threatened by a hostile takeover. They could do that through investment income without ever touching their principal, especially if they started reasonably managing expenses years ago.
That’s legal fees meaning court filing and other fees (seems low). You also have professional legal services, which includes specialized lawyers, in-house attorneys, and the General Council, which consists of board-level executives with legal credentials.