Yahoo holders urged to use votes to protest Semel’s pay from the Mercury News reports that two independent proxy advisory firms are asking to shareholders to vote against the reelection of three of the board members who are responsible for approving Yahoo’s CEO, Terry Semel, $71 million compensation package.

“Mr. Semel’s stock options grant is particularly troubling in light of the company’s recent poor stock performance and corporate performance,” ISS stated.

Yahoo realized a 60 percent decrease in net income; with a slow in revenue growth and 35 percent drop in the stock price in 2006.

Yahoo’s annual share meeting is this Tuesday, more about the meeting over here.

Related Topics: Yahoo: Business Issues | Yahoo: Employees

About The Author: Barry Schwartz is Search Engine Land's News Editor and owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics. Barry's personal blog is named Cartoon Barry and he can be followed on Twitter here. For more background information on Barry, see his full bio over here. See more articles by Barry Schwartz