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Terry Semel Gets Yang’d As CEO – Yahoo!!!
Looks like someone was paying attention to the fact that Terry Semel was getting paid to let Yahoo! fall asleep at the wheel, let Google gain massive market share, and erase Yahoo! shareholder value:
Last year, $107.5 million in stock grants was given to Semel in lieu of a $1 salary, a year in which Yahoo stock dropped about 35%. That means he was paid $107.5 million for erasing over $15 billion in shareholder value!
Terry Semel, Yahoo’s CEO, is being replaced by Yahoo co-founder Jerry Yang. Shares should rise an immediate $5. Yahoo!!!
Remember the days when Semel had a chance to buy Google?
About the author
Bryan Eisenberg is the co-author of New York Times and Wall Street Journal bestselling books Call to Action, Waiting For Your Cat to Bark and Always Be Testing. Bryan is available as a professional speaker. You can friend him on Facebook or follow him on Twitter (@TheGrok).
More articles from Bryan Eisenberg
- Nobody wants to read your sh**!September 21st, 2009
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June 18th, 2007
10:06 pm
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