John Paczkowski

Recent Posts by John Paczkowski

Yahoo Shareholders Reject Plan to Tie Executive Compensation to Company's Crappy Performance

filthy_rich_ceo_drive-copy.jpgWell, what do you know: Yahoo’s annual shareholder meeting didn’t conclude with CEO Terry Semel’s head piked on the exclamation point of the Yahoo sign outside company headquarters. Nor did it end with the blackballing of the directors responsible for Semel’s grotesquely large pay package.

Despite complaints over Yahoo’s lousy performance and a widely publicized campaign to oust Semel and the majority of the company’s directors, the company’s shareholders rejected a plan to tie compensation for senior executives to the company’s performance and approved the company’s slate of directors.

That said, the meeting couldn’t have been an easy one for Semel or the board. Yahoo’s directors were approved by a roughly 66% vote. An endorsement, yes, but not a ringing one.


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December 30, 2013 at 6:49 am PT

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December 29, 2013 at 2:12 pm PT

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December 29, 2013 at 5:58 am PT

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December 28, 2013 at 12:05 pm PT

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work