Yahoo's CEO Terry Semel's Salary Adjusted To One Dollar

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.