Microhoo talks on again--or not

Jerry Yang?s Salary Is Only $1: But Icahn (and Ballmer) Still Want His Head.

Icahn may want to get rid of Yang, but he is not going to find a less expensive CEO. According to Yahoo?s proxy filing, Jerry Yang?s salary in 2007 was only $1, and he received no other compensation (he does own 3.9 percent of the company, though). President Sue Decker?s salary alone was $658,000.

Although, it is not going to cost much to get rid of Yang either. His severance agreement in case of a change of ownership calls for him to get only $2. Sue Decker would get $1.6 million, plus an automatic acceleration of unvested equity and options worth another $6.7 million. If you add up the severance of the top five officers, including the value of accelerated options, it would come to almost $25 million.

http://www.techcrunch.com/2008/06/04/jerry-yangs-salary-is-only-1-but-icahn-still-wants-his-head/

So who is the bad guy here? Has anyone even questioned whether Microshaft has the right to threaten and attack a competitor simply because they have enough ill-gotten gains to either buy or destroy them? (get back with the answer next month, as it will take at least that long to figure it out, given the usual speed of logic hereabouts)

Are there any US citizens left who aren't greedy hypocritical wannabee billionaires envious of the ones who already are?; Posted by: Ole Man Posted on: 06/24/08 You are currently: a Guest | Members login | Terms of Use

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