Truth on the Market

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Yahoo! CEO Joins $1 Club

Posted by Bill Sjostrom on June 3, 2006

In an SEC filing yesterday (see here), Yahoo! disclosed that the salary of Terry Semel, its CEO, will now be $1 per year (it had been $600,000). Hence, Semel joins Schmidt, Brin and Page of Google (see here) with a $1 salary. The big difference between Semel and the Google guys though is that in connection with his salary cut Semel was issued a seven-year stock option to purchase 6 million shares of Yahoo! at $31.59 (the closing price on the date of grant). Conversely, the Google guys got nothing.

This entry was posted on June 3, 2006 at 7:53 am and is filed under executive compensation, google. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Yahoo! CEO Joins $1 Club”

  1. LeaderNotes said

    June 3, 2006 at 6:57 pm

    Yahoo CEO Pay Takes a Dive…

    Is Yahoo Chairman and CEO Terry Semel screaming Yahoo? Yahoo Inc. “YHOO” announced yesterday that its board of directors has reduced Semel’s annual salary from $600,000 to $1. Yes, rub your eyes and do a double take - it says $1,……

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