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10-Q Watch: Yahoo’s Acquisitions; Yang Salary

By Rafat Ali - Wed 08 Aug 2007 04:19 PM PST

Yahoo (Nasdaq: YHOO) filed its 10-Q for Q2 today with SEC, and some interesting data on acquisitions, and then executive compensation:

-- During first six months of 2007, it acquired three companies which were accounted for as asset acquisitions (We know of MyBlogLog...Rivals.com and Right Media are not included in this...others I am not sure of) . The total purchase price for these acquisitions was $54 million and consisted of $17 million in cash consideration, $36 million in equity consideration and $1 million of direct transaction costs. The total cash consideration of $17 million less cash acquired of $3 million resulted in net cash outlay of $14 million...In connection with these acquisitions, the company also issued stock-based awards valued at $19 million that will be recognized as expense over the next three years.

-- Ousted CEO Terry Semel was eligible for an annual bonus of 1 million shares yearly from 2006 to 2008. Last year, his salary was $1, but he earned about $70 million through this compensation. This year during Q2, Since Semel resigned, $16 million of stock-based compensation expense recorded through March 31, 2007 (related to forfeitures of equity awards previously granted to Semel) was reversed.

-- Jerry Yang’s annual base salary is also $1. Susan Decker, Yahoo’s president, has $0.5 million base salary. For each of 2007 through 2009, she will be eligible to receive an annual target cash bonus of $1 million.

Posted in: Companies, Yahoo, VC+M&A



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5 Responses:
  • From Carlos Meier Tue 14 Aug 2007 02:45 AM

    $1 million annual salary and additional bonus of $70 in shares is enormous even for Yahoo. I do not see the benefit for the company spending so much money for a CEO salary. What did yahoo gain for the last 2 years? Certainly no market share…

  • From Cole Randall Wed 14 Nov 2007 09:13 PM

    If you read the article, you’d see that the CEO’s salary is 1 USD. Not 1,000,000 USDs.

  • From galen Thu 21 Feb 2008 06:21 AM

    carlos just read with blinded eyes i guess lol

  • From genet Fri 07 Mar 2008 08:52 PM

    Yang is not worth more than one dollar, this is the proper compensation for poor preformance. Decker is over paid relative to preformance. Hugh stock value losses with out the Microsoft bid.

  • From genetisafool Sat 03 May 2008 11:40 PM

    “Yang is not worth more than one dollar, this is the proper compensation for poor preformance. Decker is over paid relative to preformance. Hugh stock value losses with out the Microsoft bid.”

    What a retarded comment.  Maybe you should take a look at AMD, and how they’re doing right now.  Hector is getting paid a lot more than 1 USD.

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