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I haven't followed that particular drama, are they asking him to step down solely because of his anti-gay activism? Or are there other reasons as well?

Assuming it's the former and as long as he's not pushing his agenda through Mozilla (discriminating against gay employees or whatnot) I'm not sure it's a good reason to "fire" a CEO.

Does making a one time donation to a political organisation really constitute "anti gay activism"?

When the political organization in question exists solely to promote anti-gay laws, then yes. Yes it does.

As far as I can tell, this is about the $1000 donation in 2008.

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