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New CEO of Yahoo given a $26 million pay package. Details to be found by searching "Paid way too much" on Google
(
money.cnn.com
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RexTalionis
2012-01-09 08:44:50 AM
I'm giving him about 10 months before he is forced out, and he'll take his entire pay package along with a generous severance, prompting an article on Fark about how outrageous that is.
BillCo
2012-01-09 08:50:05 AM
Good for him. Intelligent and talented people deserve whatever they can make. Now if some of the leeches on the public dole would just show a little initiative, we could eliminate welfare.
vpb
2012-01-09 09:38:41 AM
BillCo
:
Good for him. Intelligent and talented people deserve whatever they can make. Now if some of the leeches on the public dole would just show a little initiative, we could eliminate welfare.
If we all became con-men who would we con?
LandStander
2012-01-09 09:41:42 AM
Heh, first google hit for me on "paid way too much" is about Will Ferrell.
TNel
2012-01-09 12:24:25 PM
So when is a bonus = or > your salary? Then if it's a sure bet that he's getting 1 mil for a "bonus" then that isn't a bonus that's part of his salary.
Foundling
2012-01-09 12:25:24 PM
If he does a great job, Yahoo might become the preferred way for people to Google.
dragonchild
2012-01-09 12:53:30 PM
vpb
:
If we all became con-men who would we con?
Honest, trusting people. Because, you know, they're all useless and a drain on society.
GRCooper
2012-01-09 12:59:31 PM
If he does a great job, Yahoo might become the preferred way for people to Google.
Yeah, because tech companies historically take the lead by investing in CEO's, not new technology
Lego_Addict
2012-01-09 01:07:25 PM
GRCooper
:
If he does a great job, Yahoo might become the preferred way for people to Google.
Yeah, because tech companies historically take the lead by investing in CEO's, not new technology
I don't think he was serious.
GRCooper
2012-01-09 01:09:55 PM
I don't think he was serious
I'm precaffeinated ...
TyrantII
2012-01-09 01:54:44 PM
Fix CEO pay and your a long way to fixing the economy
This is starting to get robber baron sorts of ridiculous.
sonorangal
2012-01-09 02:32:58 PM
United Healthcare's CEO goes Meh..about 1/4 of mine.
mekkab
2012-01-09 02:36:16 PM
Good job, funny man.
o5iiawah
2012-01-09 03:49:21 PM
TyrantII
:
Fix CEO pay and your a long way to fixing the economy
This is starting to get robber baron sorts of ridiculous.
The standard of living for the average middle class worker in the US skyrocketed during the era of the robber barons. Many of those greedy job creators even had the temerity to open funds and charities that exist to this day. You might want to direct your butthurt to a different group.
beta_plus
2012-01-09 04:13:13 PM
If only there was someway to not use the services of yahoo to show one's disgust with this CEO pay package. If only...
Jacobin
2012-01-09 04:30:44 PM
o5iiawah
:
TyrantII: Fix CEO pay and your a long way to fixing the economy
This is starting to get robber baron sorts of ridiculous.
The standard of living for the average middle class worker in the US skyrocketed during the era of the robber barons. Many of those greedy job creators even had the temerity to open funds and charities that exist to this day. You might want to direct your butthurt to a different group.
Al Capone gave a lot to the church, too, so I see where you are headed with this
RTFarticle
2012-01-09 04:30:59 PM
TyrantII
:
Fix CEO pay and your a long way to fixing the economy
This is
starting
to get robber baron sorts of ridiculous.
New Yahoo's CEO Pay Far Lower Than Predecessors
(new window)
Not even close. Their last CEO made $47M and the one before that (Jerry Yang doesn't count) made a whopping
$483M
. This problem started long ago and, while still ridiculous, is actually getting better.
brantgoose
2012-01-09 04:35:42 PM
Yep.
There it is, second hit right behind
"Will Ferrell" paid way too much ....
Lego_Addict
2012-01-09 05:27:34 PM
GRCooper
:
I don't think he was serious
I'm precaffeinated ...
I know the feeling!
Anyway, your right. Unless Yahoo comes up with a game changer, Yahoo is going no where.
HellRaisingHoosier
2012-01-09 08:07:48 PM
o5iiawah
:
TyrantII: Fix CEO pay and your a long way to fixing the economy
This is starting to get robber baron sorts of ridiculous.
The standard of living for the average middle class worker in the US skyrocketed during the era of the robber barons. Many of those greedy job creators even had the temerity to open funds and charities that exist to this day. You might want to direct your butthurt to a different group.
Oldest argument
EVER
! Really.
I'm hoping someone already redirected you to a Wiki link about Al Capone.
Just because someone occasionally adds to a system, doesn't mean they are good for the system. We need balance. And a few benefits here and there from CEO's are not balancing out their extreme drain on the system.
AliceBToklasLives
2012-01-09 09:41:03 PM
LarryDan43
2012-01-09 10:13:00 PM
More links on page 1? Besides fantasy sports, is yahoo used for anything?
MrEricSir
2012-01-09 11:00:09 PM
$26 million would buy a lot of programmers, QA engineers, and product managers who could fix existing products and make new ones.
Or you could blow it all on one guy.
I wonder which is a better strategy in the long run? Hmm...
12349876
2012-01-09 11:04:59 PM
LarryDan43
:
More links on page 1? Besides fantasy sports, is yahoo used for anything?
old people email
Atomic Spunk
2012-01-10 12:38:57 AM
MrEricSir
:
$26 million would buy a lot of programmers, QA engineers, and product managers who could fix existing products and make new ones.
Or you could blow it all on one guy.
I wonder which is a better strategy in the long run? Hmm...
It depends on who that one guy is and what he's able to do.
CujoQuarrel
2012-01-10 12:45:20 AM
So some people I don't know are paying somebody else I don't know a large sum of money that's not coming from me.
Tell me again why I should care?
MrEricSir
2012-01-10 12:58:19 AM
Atomic Spunk
:
It depends on who that one guy is and what he's able to do.
At this point, even if he could shiat gold bricks it wouldn't save Yahoo. (Might cause some anal rashes, though.)
Gunther
2012-01-10 01:14:55 AM
o5iiawah
:
The standard of living for the average middle class worker in the US skyrocketed during the era of the robber barons.
Man, is there like a mass email for GOP talking points? I've started seeing this one crop up on multiple sites just in the last week or so.
It's BS, of course; the standard of living increased during that period due to technological advancement and (in the south) the slow, painful recovery from the Civil War. But gosh, it sounds good, and it means you can ignore the 1% taking an ever-larger slice of the pie!
Father_Jack
2012-01-10 04:19:01 AM
Gunther
:
o5iiawah: The standard of living for the average middle class worker in the US skyrocketed during the era of the robber barons.
Man, is there like a mass email for GOP talking points? I've started seeing this one crop up on multiple sites just in the last week or so.
It's BS, of course; the standard of living increased during that period due to technological advancement and (in the south) the slow, painful recovery from the Civil War. But gosh, it sounds good, and it means you can ignore the 1% taking an ever-larger slice of the pie!
nicely put.
and yeah, there IS a whole seeming chain of fwded conspiracy theory and right wing propaganda current of mail fwds out there. ive had to remind my family over and over to take me off their mailing list when they want to send me the latest news about obamas gay lover coming out about their satanic rituals where they made man love under pictures of stalin on a matress made of aborted fetuses.
indeed, there was an article on fark about it not too long ago. thre's something about the angry right wing mind set that just loves to FWD.
Father_Jack
2012-01-10 04:25:43 AM
MrEricSir
:
Atomic Spunk: It depends on who that one guy is and what he's able to do.
At this point, even if he could shiat gold bricks it wouldn't save Yahoo. (Might cause some anal rashes, though.)
Y! failed as a game changing contender back around 2005. if you guys search for "yahoo peanut butter memo" thats about the time when the people who could see things clearly began to realize y! had lost its way and was losing its ability to innovate and drive things thru quickly, and was having their lunch eaten by google.
i worked there for a while around this time. Y! was an incredibly difficult company to get things done in. they had a lot of talent then and maybe still do; some of their properties are still immensely valuable and profitable: Y! mail, sports, finance, news... these are still very big portals. and very lucrative. Y! wont have a dramatic fall like, say, myspace did or zynga will, theyll just slowly contract over the next few years, closing portals that arent making money, disbanding teams and shrinking headcount "to improve profitability and innovation!" and will focus on their core aforementioned portals. Then theyll either spin them off to other companies and just gradually wither or theyll be bought by some cash flush company like MSFT who wants these assets but cant grow them on their own.
Y! wont go away, even tho it should from a darwinistic point of view just because it had too much money for too long. it takes a long time to dismember a company sitting on as much cash as they accumulated over the last 10 years. theyll be like AOL and just slowly decline and be gobbled up piece by piece.
DrPainMD
2012-01-10 06:13:12 AM
Gunther
:
o5iiawah: The standard of living for the average middle class worker in the US skyrocketed during the era of the robber barons.
Man, is there like a mass email for GOP talking points? I've started seeing this one crop up on multiple sites just in the last week or so.
Talking point? The greatest rise in the average person's standard of living that this country's ever seen is a talking point?
It's BS, of course; the standard of living increased during that period due to technological advancement and (in the south) the slow, painful recovery from the Civil War. But gosh, it sounds good, and it means you can ignore the 1% taking an ever-larger slice of the pie!
You think that all that technological advancement came about all by itself? I suppose that the price of fuel fell 90% without any help from Rockefeller; the drop in steel prices happened independently of Carnegie; and the drop in rail transportation (and its wider availability) had nothing to do with Crocker, Flagler, or any of the other rail tycoons. All these things just sort of happened.
threadjackistan
2012-01-10 07:35:20 AM
DrPainMD
:
Gunther: o5iiawah: The standard of living for the average middle class worker in the US skyrocketed during the era of the robber barons.
Man, is there like a mass email for GOP talking points? I've started seeing this one crop up on multiple sites just in the last week or so.
Talking point? The greatest rise in the average person's standard of living that this country's ever seen is a talking point?
It's BS, of course; the standard of living increased during that period due to technological advancement and (in the south) the slow, painful recovery from the Civil War. But gosh, it sounds good, and it means you can ignore the 1% taking an ever-larger slice of the pie!
You think that all that technological advancement came about all by itself? I suppose that the price of fuel fell 90% without any help from Rockefeller; the drop in steel prices happened independently of Carnegie; and the drop in rail transportation (and its wider availability) had nothing to do with Crocker, Flagler, or any of the other rail tycoons. All these things just sort of happened.
Gee, didnt realize that they were the underpaid scientists and engineers that made it possible.
/Thomas Edison will go down as one of history's greatest monsters.
//You know, for taking innovation's rewards away from those who achieved it and giving it to those who funded it.
Gunther
2012-01-10 08:08:37 AM
DrPainMD
:
Talking point? The greatest rise in the average person's standard of living that this country's ever seen is a talking point?
When you credit it entirely to men like Rockefeller and Carnegie? Yes, I goddamn do. Standard Oil's monopoly of the fuel market slowed technological advancement by removing competition, and it was Henry Bessemer's processes for making mild steel that lead to the price drop, not Carnegie's ruthless business sense.
Debeo Summa Credo
2012-01-10 08:52:59 AM
CujoQuarrel
:
So some people I don't know are paying somebody else I don't know a large sum of money that's not coming from me.
Tell me again why I should care?
Because 99%, that's why! You should always hate and vilify the 1% if you are not in the 1%. Didn't you learn anything from OWS?
Shrugging Atlas
2012-01-10 10:12:21 AM
What on earth can this guy possibly do with Yahoo to justify a $26 million pay package?
T-Bone42
2012-01-12 11:03:56 AM
Father_Jack
:
MrEricSir: Atomic Spunk: It depends on who that one guy is and what he's able to do.
At this point, even if he could shiat gold bricks it wouldn't save Yahoo. (Might cause some anal rashes, though.)
Y! failed as a game changing contender back around 2005. if you guys search for "yahoo peanut butter memo" thats about the time when the people who could see things clearly began to realize y! had lost its way and was losing its ability to innovate and drive things thru quickly, and was having their lunch eaten by google.
i worked there for a while around this time. Y! was an incredibly difficult company to get things done in. they had a lot of talent then and maybe still do; some of their properties are still immensely valuable and profitable: Y! mail, sports, finance, news... these are still very big portals. and very lucrative. Y! wont have a dramatic fall like, say, myspace did or zynga will, theyll just slowly contract over the next few years, closing portals that arent making money, disbanding teams and shrinking headcount "to improve profitability and innovation!" and will focus on their core aforementioned portals. Then theyll either spin them off to other companies and just gradually wither or theyll be bought by some cash flush company like MSFT who wants these assets but cant grow them on their own.
Y! wont go away, even tho it should from a darwinistic point of view just because it had too much money for too long. it takes a long time to dismember a company sitting on as much cash as they accumulated over the last 10 years. theyll be like AOL and just slowly decline and be gobbled up piece by piece.
I worked for Y! when the peanut butter memo came out, too. It made some good points. I always want to see them go back to something relevant. I really am curious to see what, if any,new direction this guy will take the company. I was never impressed with Semel or Bartz; maybe this guy can do something.
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