Yahoo shareholders protest CEO's $107 million pay

[RamboLiberal]

Source: San Francisco Chronicle

Investors attacked Yahoo Inc. over executive pay, human rights in China and lagging stock performance at the company's annual meeting Tuesday, highlighting the many headaches faced by Terry Semel, the Web portal's chief executive, as he tries to close the gap with rival Google Inc. and fend off suggestions that he should resign.

Normally, gatherings such as Tuesday's are sedate, routine affairs, where shareholders vote in lockstep with management.

But Yahoo's meeting was dominated by dissent and a shareholder rebellion over Semel's compensation, which last year was an estimated $107.5 million, more than the top executive made at virtually all other companies, according to Institutional Shareholder Services, a proxy advisory service.

Some investors and advisory services complained that the package was excessive and not tied to Yahoo's performance, which has failed to keep up with Internet high-flier Google.



Read more: http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/06/13/YAHOO.TMP

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Good for them! We need more shareholder revolts against piggie CEOs! Also good for them for noting web censorship in China!

[Amonester]

1. $294,520.55 a day!! 7 days a week!

Just who in their right minds ever need that much?? :crazy:

:grr: