Bloomberg reports that Yahoo CEO Terry Semel will soon be earning a base salary of $1 per year. The rest of his income will come from a bonus and retention plan with options for nine million shares. Last year, Semel earned $600,000 as a base salary. The change to taking only $1 has him joining the "low" base salary ranks of Google's two cofounder Larry Page and Sergey Brin and CEO Eric Schmidt.
Meet Your Favorite Search Engine Watch Contributors
Many of SEW's leading expert contributors will be at ClickZ Live, the new online and digital marketing event kicking off in New York (March 31-April 3). Hear from the likes of: Thom Craver, Josh Braaten, Lisa Barone, Simon Heseltine, Josh McCoy, Lisa Raehsler, Greg Jarboe, Dan Cristo, Joseph Kerschbaum, John Gagnon, Eric Enge and more!