Yahoo's Semel 'tremendously overpaid,' says expert
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Blog: Shareholder advisory firms urge shareholders to protest Yahoo CEO's $71 million salary package by voting against re-election of three board members.
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By MICHAEL LIEDTKE SAN FRANCISCO - Just before Google Inc. went public nearly three years ago, Yahoo Inc. Chairman Terry Semel assured a roomful of securities analysts and money managers that his company would remain the Internet's brightest star.
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YAHOO chief Terry Semel has been put on notice by shareholders that he must improve his performance if he wants to keep the lucrative job.
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Authoria CEO Tod Loofbourrow writes that with the U.S. in the middle of a talent crisis, too many companies are being tempted to overpay.
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US chief executives are unethical and overpaid, according to most Americans surveyed in a Bloomberg/Los Angeles Times poll.
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Monster Worldwide Inc. , owner of the most-used online job-listing service, said it overstated earnings by $271.9 million in the past nine years because of improperly recorded stock option grants.
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Yahoo Inc.  on Monday  tapped co-founder Jerry Yang to replace Chief Executive Terry  Semel, bowing to investor pressure as the Internet media  company has failed to keep up with rival Google Inc. .
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Semel leaves after six years.  SAN FRANCISCO  -- Yahoo Inc. Chairman Terry Semel ended his six-year tenure as CEO Monday and will hand over the reins to co- founder Jerry Yang in the Internet icon's latest attempt to regain investor confidence.   Semel, 64, will remain chairman.
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Comment is free: Deborah Hargreaves: Reward for performance is one thing. But today's executive pay is farcically overblown.
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Walt Disney Co.'s multimillion-dollar contract with Michael Ovitz was unreasonably generous and one of the most lucrative ever, a compensation expert testified on Monday for shareholders suing the board to recover as much as &#36;200 million.
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But the market expected it! Yahoo! today reported a slight drop in quarterly profits from last year, but a figure in line with previously lowered expectations. The company's second quarter results are the first dose of earnings to arrive since co-founder Jerry Yang replaced Terry Semel as CEO.â¦
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New Yahoo exec's name ring a bell? Maybe you've been watching Seinfeld reruns. [Missing Links]
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Following investor pressure for a management shake-up, Yahoo Inc. chairman and chief executive Terry Semel is stepping aside and will be replaced as CEO by cofounder Jerry Yang, Yahoo said yesterday.
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Yahooâs board decided that Microsoftâs $44.6 billion hostile bid undervalues Yahoo, people involved in the discussions said.
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Wall Street's applause for Yahoo's (YHOO) choice of a new chief executive didn't last long. While the shares got a boost immediately after the company said Jerry Yang would replace Terry Semel as the company's top Yahoo, the stock gave up part of those gains the following day, June 19.
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Yahoo has introduced two new severance plans that will protect its employees if&#160;Microsoft&#39;s unsolicited takeover bid&#160;is successful, it said in filings with the U.S. Securities and Exchange Commission (SEC) on Tuesday.The new plans filed make all full-time employees eligible for severance pay equal to base salary for four months to 24 months, depending on the employee&#39;s job level. Health and dental coverage is also included.The maximum protection of 24 months&#39; salary will be offered to CEO Jerry Yang, Chief Financial Officer Blake Jorgensen, and certain other executives still employed by the company and named in the SEC proxy filing for Yahoo&#39;s 2007 annual general meeting. That list includes former CFO Susan Decker, now president of the company, and Executive Vice President, General Counsel and Secretary Michael Callahan. Others listed in the proxy filing have already left the company, including former Chairman Terry Semel, former Chief Operating Officer Daniel Rosensweig and former Chief Technology Officer Farzad Nazem.The benefits take effect if an employee&#39;s contract is terminated without cause by Microsoft -- or another acquirer -- or if the employee leaves with good reason within two years of a change of ownership.The severance plans are designed to help retain employees, help maintain a stable work environment and provide certain economic benefits to the employees in the event their employment is terminated, according to Yahoo.Yahoo&#39;s filing came the same day that news reports suggested Microsoft is preparing a campaign to win shareholder support for changes to Yahoo&#39;s board.&#160;
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Following investor pressure for a  management shake-up, Yahoo Inc.  Chairman and Chief  Executive Terry Semel is stepping aside and will be replaced as  CEO by co-founder Jerry Yang, Yahoo said on Monday, sending  shares up 3.5 percent in extended trade.