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Yahoo Share Holders Asks To Vote Against CEO’s Salary
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.