Yahoo CEO Unscathed
This week’s Yahoo shareholder meeting meant that CEO Terry Semel would be facing some tough critics–disgruntled shareholders.
However, despite efforts to tie his compensation & bonuses to Yahoo’s performance, Semel’s paycheck remains untouched.
However, there was some success, since the group of shareholders with the most publicity behind this cause represented 0.2% of the shareholders, and a full 34% voted in favor of a PFP model of sorts.
Additionally, the human rights proposal was also voted down. Maybe it will take the lawsuit being brought by, among others, reporters jailed in China by personal information Yahoo provided to the Chinese government, to make an impact there.