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Yahoo CEO Terry Semel to be paid $1 salary

Posted on 3rd June, 2006

Yahoo Chief Executive Terry Semel, was the highest-paid executive in the San Francisco Bay Area in 2004 and 2005. Semel’s salary and bonus were $600,000 last year, and total compensation, including restricted stock and the estimated value of options, was $56.8 million, down from $131.2 million the year before.

Following the move by other tech executives, including Apple Computer CEO Steve Jobs, Google Chief Executive Eric Schmidt, and co-founders Sergey Brin and Larry Page, Terry Semel has agreed to receive an annual salary of $1 through 2008.

I don’t mind getting paid $1 annually when I can made millions selling and buying company’s stock. 🙂

Read more: Yahoo CEO to be paid $1 salary

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Victor
 

An engineer by training, Victor has been working full-time online as an Internet marketer, a programmer and an app developer since 2001. He has been blogging at Sabahan.com since 2006 sharing his experience and teaching people how to make money online. Click here to join his private Facebook Group for bloggers.

  • TheAngel says:

    hahaha,
    I guess noone mine as well…

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