Yahoo chief executive receives $13 million bonus
13 April 2004
Yahoo chief executive Terry Semel has been awarded stock options for 900,000 shares as part of his 2003 pay package.
If exercised, the stock options would net the internet boss more than $13 million (£7 million), the company said in a government filing.
Mr Semel received no cash bonus for the year, but has also been granted a 33 per cent increase in his base salary to $600,000.
Yahoo filed its annual proxy with the Securities & Exchange Commission on Friday, revealing that Mr Semel's options, which were granted in March as part of a larger option package for 2.9 million shares, allow him to buy stock at $41.70 a share. Since then, shares have risen by 33 per cent. The remaining options are exercisable in March 2008, or earlier if company targets are met.
Yahoo's chief financial officer Susan Decker also received $1.2 million in cash, including an 18 per cent increase in her base salary to $500,000 and a 35 per cent increase in her cash bonus, plus restricted stock awards worth $1.8 million.
In the last year, Yahoo's shares have more than doubled after the company improved its search technology and enhanced its "paid-search" advertising business.
Apply for your free web assessment - get a complete health check and optimisation action plan from Weboptimiser, the experts.
Related news
|
|
Leading brand search engine marketing since 1996
Founded in 1996 as an SEO company, Weboptimiser is today one of the Internet marketing sector's best-known and most respected search engine optimisation (SEO) and pay per click (PPC) search engine marketing companies.
With a unique portfolio of brand-friendly services, including usability, contextual advertising and web analytics, a pioneering methodology that covers all 4 stages of interaction between a web site and its visitors, we make our clients sites faster, smarter, busier and more profitable.
