Thursday, April 15, 2004

Yahoo and the concentration of wealth

Title: Yahoo chief executive gets hefty stock-option bonus
Source: CNN/Money
Date: April 12, 2004

From the article:
    Yahoo Inc. Chief Executive Terry Semel received a stock option bonus for 900,000 shares as part of his 2003 pay package, which if exercised would net him a profit of more than $13 million.
He received 2 million more options at the same time, and they would be worth approximately $30 million today but are not immediately exercisable. Also:
    The company's Chief Financial Officer Susan Decker received $1.2 million in cash, including an 18 percent increase in her base salary to $500,000 and a 35 percent increase in her cash bonus. She also received 1.8 million shares in restricted stock awards.
The article does not state any conditions on these 1.8 million shares, nor that they are options. They are presumably worth tens of millions of dollars.

See also this post.


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