Feeds

Yahoo! shareholders shun protest vote

Semel keeps $71.7 million comp package

The next step in data security

Yahoo! shareholders today re-elected the company’s directors and rejected calls to restructure compensation for senior executives.

Three advisory firms had called on shareholders to vote at Yahoo!’s annual meeting in Santa Clara, California against several board members as a way of protesting the $71.7 million compensation afforded CEO Terry Semel. According to the Associated Press, Semel’s compensation is the highest among CEOs at the Standard & Poor’s 500 companies that filed proxy information this year.

The advisory firms had recommended that bonuses and options for senior execs be tied to company performance, including stock price and search engine market share. The company’s stock price has dropped 10 per cent in the past year, and according to the latest figures from Hitwise.com, Yahoo! accounts for only 21 per cent of Web searches, well behind Google’s 65 per cent.

Sixty-six per cent of shareholders rejected the proposal, voting in favor of the board. Investors also defeated efforts to create a board committee on human rights and establish a new policy that would prevent the company from censoring its sites in China.

In recent months, Yahoo! has been sued in U.S. District Court over the imprisonment of two different Chinese journalists. Both were imprisoned after the company released information about their Internet activity to the Chinese government.®

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Why Oracle CEO Larry Ellison had to go ... Except he hasn't
Silicon Valley's veteran seadog in piratical Putin impression
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.