Our Market Share’s Getting Smaller. … And Terry’s Pay Package is Getting Laaaaarrrrrger.
Yahoo’s compensation committee certainly has an interesting formula for executive-salary calculations–one based on an inverse relationship between job performance and financial reward. How else to explain CEO Terry Semel’s pay package for 2006–$71 million, despite a 60% decline in Yahoo’s net income and 35% drop in stock price. $71 million. And for what? A year [...]
What’s This ‘Ed Whitacre Exit Package Recovery Fee’ Doing Under Miscellaneous Charges?
Looks like Verizon Communications Chief Executive Ivan Seidenberg’s brief turn as the emblem of America’s out-of-control CEO pay machine has ended. When AT&T CEO Edward “The-Internet-can’t-be-free” Whitacre retires later this spring, he will receive an exit package nearly eight times that of Seidenberg’s $20 million gilded parachute.
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About John
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Ethics Statement
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
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- Godzilla’s Food, Exercise, and Dream Diary
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size.
11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183. - Scenes From An Alternate Universe Where The Beatles Accepted Lorne Michaels’ Generous Offer
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
- The Golden Age of Video
Best video mashup ever.
- I’m not dead yet
A Facebook Memorial
- Pulp Fiction Audio Mix
Wow.
- A world without the Internet
Worth it for the Rickrolling photo alone.
- Google Wave Cinema: Pulp Fiction
Excellent.
- Dead Fly Art
Flughumor!
- Happy Birthday Monty Python …
… you vacuous, toffee-nosed, malodorous perverts
- ‘You are being shagged by a rare parrot’
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
