Google Blogoscoped

Forum

Yahoo! joins Google in tiny CEO pay

David Hetfield [PersonRank 10]

Saturday, June 3, 2006
18 years ago2,415 views

<<In a move sure to take cost savings to a newly symbolic level, Yahoo! said today that Terry Semel's salary would be reduced to $1 each year throughout 2008, just like the top management at Google.>>

<<In return, Semel received 6 million stock options at an exercise price of $31.59 per share, as well as the opportunity to receive up to 1 million additional stock options each year. Semel has made $429 million in stock rewards, in addition to his $600,000 salary – so please don't start sending him your leftover cans of garbanzo beans.>>

http://ge.bloggingstocks.com/2006/06/02/yahoo-joins-google-in-tiny-ceo-pay/

nice going..
why does everyone copy from Google?! :/

Sam Davyson [PersonRank 10]

18 years ago #

I am not sure that Google were the first company to do this. I know that Apple did it for a long time with Steve Jobs.

From Wikipedia:

<< Jobs worked at Apple for several years with an annual salary of $1, and this earned him a listing in Guinness World Records as the "Lowest Paid Chief Executive Officer". At the 2000 keynote speech of Macworld Expo in San Francisco, the company dropped the "interim" from his title. His current salary at Apple officially remains $1 per year, although he has traditionally been the recipient of a number of lucrative "executive gifts" from the board, including a $90 million jet in 1999, and just under 30 million shares of restricted stock in 2000-2002. As such, Jobs is well compensated for his efforts at Apple despite the nominal one-dollar salary. >>

Source link: http://deepquote.net/j1w1v2y2fxcx

David Hetfield [PersonRank 10]

18 years ago #

really?
lol..

wait..
what about Bill Gates?! how come he doesnt earn 1$ per year?!

Corsin Camichel [PersonRank 10]

18 years ago #

He doesn't want to cheat the IRS

David Hetfield [PersonRank 10]

18 years ago #

lolllll :)

Forum home

Advertisement

 
Blog  |  Forum     more >> Archive | Feed | Google's blogs | About
Advertisement

 

This site unofficially covers Google™ and more with some rights reserved. Join our forum!