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That's all untrue or misrepresentation. There aren't that many executives and while money does get misused, that's not where it's going - instead some of it is going to grants and other programs that aren't very important to the mission. However, quite a lot of donations go to very important projects, such as lawyers to keep editors in repressive countries out of jail, programmers to keep the website going, etc etc.
"2%" is a misrepresentation because programmer and operations salaries are a lot more than that and they're equally important to keeping the lights on. If I own and operate a server for a website, then clearly my salary is part of what it takes to run the website even if it's not included in "hosting".
"Renumeration" is a red herring as paying contributors is obviously a non-starter.
I literally just copy and pasted from the wiki page the person above me linked to.
Wiki has a weird cult around it.
I remember right before the reddit migration there were a surge of wiki related memes about paying Wikipedia instead of doing this or that and it felt super weird.
I always wondered if it was paid shilling or if it was organic users who just loved Wikipedia so much they felt the need to make a bunch of memes about giving them money