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Yang gets $1 for services to Yahoo
You got what you paid for
Thu Apr 30 2009, 12:14
YAHOO PAID former CEO Jerry Yang only $1 for all the work he did last year.
Yang was probably expecting to get a bit more in compensation and bonuses, however Yahoo's share price plummeted following his campaign to shut out Microsoft at all costs.
An AP story says Yang had settled for a token salary for years because he has gotten rich off of Yahoo's stock since cofounding the web portal in 1994.
Thanks to his own anti-Volish efforts, Yang's 3.9 percent stake in Yahoo was worth about $600 million less at the end of 2008. µ
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Ultee' Yin, My Eighth Wive, just recieve executive YaHoo! compensation from US. Its' Mere 250 Billion$, compared to Others, Just Drop, Yet....Has Anyone Seen $Yin$ Lately,that Darn Yang hasn't Been Around? Both Jerry & Now GeoCities, oh, Boo Hoo! Hoo! drashek
This is almost as lame as Steve Jobs talking about how he only gets paid "$1" as salary yet reaps in tons from stocks, etc.
Oh wait, I guess not quite as lame since at least Jobs' stocks are worth something.
I'm sure that whilst he only got officially "paid" $1, he got many directors benefits or something along those lines...