Our Market Share's Getting Smaller. … And Terry's Pay Package is Getting Laaaaarrrrrger.

Yahoo’s compensation committee certainly has an interesting formula for executive-salary calculations–one based on an inverse relationship between job performance and financial reward. How else to explain CEO Terry Semel’s pay package for 2006–$71 million, despite a 60% decline in Yahoo’s net income and 35% drop in stock price. $71 million. And for what? A year [...]

Our Market Share’s Getting Smaller. … And Terry’s Pay Package is Getting Laaaaarrrrrger.

Yahoo’s compensation committee certainly has an interesting formula for executive-salary calculations–one based on an inverse relationship between job performance and financial reward. How else to explain CEO Terry Semel’s pay package for 2006–$71 million, despite a 60% decline in Yahoo’s net income and 35% drop in stock price. $71 million. And for what? A year [...]