That’s going to be his yearly salary now…Yahoo CEO Terry Semel is following the footsteps of Apple CEO Steve Jobs, Google CEO Eric Schmidt, and co-founders Sergey Brin and Larry Page. Of course, they still make gazillions through stock sales etc.
For Semel, for the next three years, he will be eligible to receive an annual bonus of up to 1 million shares and the option to purchase 6 million shares at an exercise price of $31.59 each as a retention incentive.
He made $56.8 million last year, making him the highest-paid executive in the San Francisco Bay Area in 2004 and 2005, according to a survey released last week by the San Francisco Chronicle.
Other Yahoo execs get richer as well…full SEC filing with details here.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post