Yahoo Boss's Salary $1, Takes Home $25.7m Bonus

07 March 2007

SUNNYVALE, California: First the bad news at Chateau Semel: Yahoo chairman/ceo Terry Semel earned a meager $1.00 salary in 2006. And the better news? Wells Fargo has just unloaded a corporate bonus of $25.7 million (€19.63m; £13.36m) on the chateau's drawbridge.

In the wake of last year's 40% dive in the company's stock price, the eyebrows of Semel's investors' might well arch skyward at his self-generosity.

Especially as Semel is reportedly struggling to convince investors that Yahoo remains relevant in an online advertising world dominated by Google.

Semel received 800,000 fully vested stock options priced at $32.12 a share for his performance in 2006.

Data sourced from Financial Times; additional content by WARC staff