Monday, June 5, 2006

TERRY SEMEL EMBARRASSED SO HE CHANGES HIS SALARY TO $1

This news cracks me up. The San Francisco Chronicle printed this article, "TOP 100 BAY AREA EXECUTIVES BY COMPENSATION," a couple weeks ago with Terry Semel listed as the highest-paid executive, so he changes his annual salary to $1. Of course he receives stock bonuses :)

Some of the others on this list:

1 Terry S. Semel Chairman & CEO Yahoo Inc $56,848,880

2 Arthur D. Levinson, Ph.D. Chairman & CEO Genentech Inc $39,980,537

3 Mark V. Hurd CEO & President Hewlett Packard Co $34,896,918

4 Lawrence J. Ellison CEO Oracle Corp $25,333,700

5 Daniel Rosensweig COO Yahoo Inc $24,405,160

6 Susan L. Decker CFO Yahoo Inc $24,255,160

7 Farzad Nazem Chief Technical Officer Yahoo Inc $24,005,160

8 Paul S. Pressler President & CEO Gap Inc $23,193,653

9 Carleton S. Fiorina Former Chairman & CEO Hewlett Packard $22,274,270

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