Semel gets paid $230mm for doing this: finance.yahoo.com
Basically, keeping reasonably ahead of Nadaq over 4 years.
Semel accepted the post during an advertising downturn and then cashed in after the advertising economy improved. This is not an example of the stock being wildly ahead of Nasdaq on its own merit, but being reasonably ahead of Nasdaq due to an economic advertising recovery, more about market timing. As well as the continued momentum from prior initiatiaves.
His media background has value, but not $230mm. Meanwhile, heard thru grapevine, a year ago their developers had sent HR an email about why their raises were so loooow. (Great moral builder, that ceo comp will be for the rest of the company.)
"Even though the technology economy continued to struggle last year, Silicon Valley's top bosses collected pay as if they were still in the glory days of the Internet boom.
The valley's top executives saw their pay rise 57 percent last year
Topping the 2004 list was Yahoo's turnaround kid, Chief Executive Terry Semel, whose $230.6 million in compensation vaulted him into the record books with the third-biggest annual pay package in valley history."
[ Yahoo's BODs should have capped Semel's compensation such that a doubling of Nasdaq doesn't mean Semel gets $230mm for an improved economy raising all boats. Instead, he should have gotten enormous gains only on those that exceeded Nasdaq, with a reasonable minimum. ]
mercurynews.com
mercurynews.com
Electronic Arts
#11 Lawrence Probst Chmn, CEO 1,454,479 22,785,397 24,239,876
[ EA is apparently the company where union activity was started due to poor management/employee relationships. Meanwhile, Probst is the #11th highest paid executive in Silicon Valley. Will that visibility help employee relations? EA BODs are asleep at the wheel - hope their poison doesn't spread to the rest of the Valley. ]
mercurynews.com
PS Cadence paid Fister $10mm in cash. Would you invest in a company where the ceo is paid all in cash? Slippery |
