Re:Yahoo In More Turmoil: Is CEO Mayer Running Out Of Options?
by asmithmd1 on Friday April 18, 2014 @01:35AM
(#7608061)
Actually the article is wrong about De Castro's pay - he was only paid $50m for his 15 months with the company.
The CEO + CFO pay took away from the owners of the company (the shareholders, remember them?) a full 10% of the company's earnings. What did they do to earn this incredibly rich pay? Top line revenue dropped over 6% and operating earnings were flat.
I understand outsized pay for extraordinary performance - but paying 1%er FU money for caretaker performance seems like a recipe for a stockholder lawsuit.
The CEO + CFO pay took away from the owners of the company (the shareholders, remember them?) a full 10% of the company's earnings. What did they do to earn this incredibly rich pay? Top line revenue dropped over 6% and operating earnings were flat.
I understand outsized pay for extraordinary performance - but paying 1%er FU money for caretaker performance seems like a recipe for a stockholder lawsuit.