Yahoo CEO receives 800,000 stock options
From Bloomberg News
Yahoo Inc. said it gave Chief Executive Terry Semel a bonus of 800,000 stock options for 2006.
The options are fully vested and have an exercise price of $32.12, Sunnyvale, Calif.-based Yahoo said in a regulatory filing. The grant was 80% of the 1 million options Semel could have received under a three-year pay package established in May.
Yahoo shares fell 35% last year after the company delayed a new Internet-search advertising program and sales growth slowed to the lowest rate in five years. Semel’s grant for 2006 was about 60% of the 1.3 million options he received in 2005. Semel got $1 in salary last year, a rate that will remain the same through 2008.
