by Jason Wilk on January 16, 2009
- Breakdown of Yahoo’s new CEO compensation. A little ridiculous considering her experience running a search/advertising company (which is none)
1. Compensation. Your starting annual base salary will be at the rate of one million dollars ($1,000,000) per annum, less applicable taxes and withholdings, paid in accordance with the Company’s normal payroll practices and subject to annual review for increase (“Base Salary”). You will also be eligible to receive an annual target bonus of two hundred percent (200%) of your annual Base Salary (“Target Bonus”) to be determined by the Compensation Committee of the Board (the “Compensation Committee”) in its discretion based on your performance and the Company’s performance for the relevant year. The bonus program will have a maximum bonus of two (2) times the annual Target Bonus.
2. Inducement Stock Option Grant. As a part of the Company team, we strongly believe that ownership of the Company by our employees is an important factor to our success. Therefore, as part of your compensation, the Compensation Committee will grant you at its next scheduled meeting at which equity grants are to be made (currently scheduled for January 30, 2009) (the “Grant Meeting”) an option to purchase five million (5,000,000) shares of the Company’s common stock (the “Inducement Option”). The per share exercise price for the Inducement Option will be the fair market value of a share of the Company’s common stock on the date of grant as determined by the Compensation Committee… The Inducement Option shall be exercisable for seven (7) years from the date of grant, subject to earlier termination as provided herein, in the Plan and the applicable notice of stock option grant and stock option agreement.
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by Jason Wilk on January 13, 2009
- According to BoomTown and several sources familiar with Yahoo (YHOO), Carol Bartz (Now Confirmed) is hot on the radar to replace Co-founder Jerry Yang. Bartz is a longtime and high-profile Silicon Valley executive who presided over huge success at design technology giant, Autodesk (ADSK), until stepping down in April of 2006 to sit as a chairman. During her time there, net revenues increased from $285 million to more than $534 million.
- Other notches on her Resume include 10 years as vice president at Sun Microsystems(JAVA). She has also held product line and sales management positions at other high-tech companies; she is also an expert in computer science.
- Here’s how the dots connect. Bartz currently sits on the boards of Intel (INTC), Cisco Systems (CSCO), NetApp (NTAP), and the Foundation for the National Medals of Science and Technology. Jerry Yang is also on the board of Cisco, and Yahoo President Sue Decker is on Intel’s.
- Yahoo Chairman Roy Bostock promised investors a new leader would be in place soon and that they are on finally decisions to go with an internal or external for the head position. Who’s in the running? John Chapple, former Nextel CEO, Maggie Wilderotter, a former Microsoft exec, Jonathan Miller, former AOL CEO.
- One of my 7 predications of 2009 was that a new Yahoo CEO would get an offer back from Microsoft closer to the original $33 deal. I wouldn’t mind seeing Bartz in charge of this goal: she is a seasoned CEO of successfully running public companies, understands computer technology from the ground up, and has dealt with mergers and acquisitions before.
- In any event, the new Yahoo CEO will have a big task at large, restoring company morale after Jerry.
by Jason Wilk on December 10, 2008
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yahoos,
today, most of our layoffs in the US are happening, and they’ve been underway in other regions around the world.
this is a tough time for all of us and i wanted to take a moment to reach out to you.
saying goodbye to colleagues and friends is never easy. they all are dedicated members of our yahoo! family, who worked beside us and shared our passion.
but as you all know, we must take actions to better perform in today’s turbulent global economy. while we’ve found efficiencies in many parts of our business, laying off employees is unfortunately unavoidable. our difficult decision to let colleagues go reflects the changes we’re having to make to better align costs with revenues – something businesses in virtually every sector are also having to do.
for those who are affected by these layoffs, i am extremely grateful for your contributions to yahoo!. we realize the impact this will have on you. that’s why, consistent with our past practices, we’re making every effort to support you with severance packages and other services.
the reductions we’re making are very hard, but they are also very necessary — as we focus on the long-term health of our business. to those who are leaving us, i extend my heartfelt thanks on behalf of yahoos everywhere — you will be missed.
thanks,
jerry
- He didn’t even have time to punctuate the article? Come on Jerry, a lot of these firings (or all) have to do with you screwing up the company. The least you could have done was write a formal letter and put some capitalization. Or are you just waiting for your exit to write a nice letter?
by John Jorgensen on December 10, 2008
- The Dark Knight Blu-ray release is the first Blu-ray disc that supports special online features, otherwise known as BD-Live.
- Blu-ray 2.0 player required. Hint: PS3 would be a good choice.
- Launch the BD-Live feature on the disc and you’re prompted to create an account with Warner Brothers. The first part of the registration takes place on the disc, with the second portion requiring you to click a link that WB sends to your email.
- The actual BD-Live features are available online via your computer. The main feature? User recorded commentary.
- Warner Brothers allows you to stream the movie via the ‘net while recording your own video/audio commentary as it plays via webcam/mic. You can browse through the library of everyone else’s recorded commentary (kind of cool and random yet mainly pointless), in addition to a “Featured Commentary” list of hand-picked recordings by Warner Brothers. On the list: Paul Levitz, creator of DC Comics, and Jerry Robinson, the alleged creator of the Joker.
- Other BD-Live features include some extra videos talking about the film’s soundtrack and a few animated comics. Nothing that couldn’t be found on a normal DVD. Oh, and you can send an ‘e-vite’ inviting your friends to watch the film “with” you on their own separate computers. Sweeeet.
- User-recorded commentary is the only real offering here. Cool? Yeah. A little underwhelming? Yep. The only tracks anyone wants to hear are those by the pros. Put em on the DVD.
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