BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Yahoo! joins Google in tiny CEO pay]]>http://www.bloggingstocks.com/2006/06/02/yahoo-joins-google-in-tiny-ceo-pay/http://www.bloggingstocks.com/2006/06/02/yahoo-joins-google-in-tiny-ceo-pay/http://www.bloggingstocks.com/2006/06/02/yahoo-joins-google-in-tiny-ceo-pay/#commentsFiled under: , ,

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.

[Aside: as someone who's often been responsible for payroll, I've always wondered how these checks were processed; is it paid all at once or split up into bi-monthly amounts of four cents each? And do they withhold FICA?]

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.

Yahoo! joins Google in tiny CEO pay originally appeared on BloggingStocks on Fri, 02 Jun 2006 20:19:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>$1$1 salary$1Salary1 dollar1Dollarceoceo compensationCeoCompensationcompensationone dollarone dollar salaryOneDollarOneDollarSalarysalarysemelstock optionsStockOptionsterry semelTerrySemelyahooyahoo ceoYahooCeoyhooFri, 02 Jun 2006 20:19:00 EST<![CDATA[Google co-founders, CEO keep $1 salary for 2006]]>http://www.bloggingstocks.com/2006/04/01/google-co-founders-ceo-keep-1-salary-for-2006/http://www.bloggingstocks.com/2006/04/01/google-co-founders-ceo-keep-1-salary-for-2006/http://www.bloggingstocks.com/2006/04/01/google-co-founders-ceo-keep-1-salary-for-2006/#commentsFiled under: , , ,

Google continues to demonstrate its particular brand of goofy-yet-financially sound thinking, as the company indicated in a proxy filing yesterday. CEO Eric Schmidt and co-founders Sergey Brin and Larry Page will collect $1 in salary for 2006, just as they did for 2005. According to the filing, "Their primary compensation continues to come from returns on their ownership stakes in Google. As significant stockholders, their personal wealth is tied directly to sustained stock price appreciation and performance, which provides direct alignment with stockholder interests."

(On a multiples basis, however, they might have the highest bonuses anywhere; Brin was paid $1,723 in bonus, with Schmidt and Page collecting a tidy $1,630, over 1600 times their annual salaries!)

Google also announced that the company intends to forgo dividends to its shareholders "in the foreseeable future."

Google co-founders, CEO keep $1 salary for 2006 originally appeared on BloggingStocks on Sat, 01 Apr 2006 16:22:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>$1$1 salary$1Salaryceo payceo salaryCeoPayCeoSalaryeric schmidtEricSchmidtgooggooglegoogle ceogoogle co-foundersgoogle foundergoogle foundersGoogleCeoGoogleCo-foundersGoogleFounderGoogleFounderslarry and sergeylarry pageLarryAndSergeyLarryPagepaysergeysergey and larrysergey brinSergeyAndLarrySergeyBrinSat, 01 Apr 2006 16:22:00 EST