Make an addition to the annals of the Royal "We." As Jerry Yang ascends (not for long we'd suppose) the throne, stepping discreetly over the big-walleted body of Terry Semel (right), we couldn't resist this quote in the Journal story: 
Mr. Semel said in an interview that he wasn't pushed out in any way by the board, and that his departure resulted from continuing discussions with directors. "No surprise on our end," Mr. Semel (left below) said. "We thought it was the right time to do it."

Normally, we'd think such hubris is reserved for, say a coach or manager on ESPN. But Semel's entitled. His compensation was bound to create a big, old warm sense of "us." After all, how could one person be worth this kind of money, quote WSJ:
"Since becoming Yahoo CEO, Mr. Semel has (right) reaped huge stock-options packages, even though the use of stock options has lost favor in Silicon Valley. According to a study by compensation firm Equilar Inc., Mr. Semel has realized a total of nearly $452 million in salary, bonus and stock-option exercises since 2001, including $231 million in fiscal 2004, $174 million in fiscal 2005 and $19 million in fiscal 2006".

Comments