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| Yahoo finance chief Ken Goldman in line for $18m cash package | Yahoo finance chief Ken Goldman in line for $18m cash package |
| (7 days later) | |
| Yahoo's new finance boss will receive up to $18m in salary, bonuses, restricted stock and stock options over the next four years, according to a regulatory filing. | Yahoo's new finance boss will receive up to $18m in salary, bonuses, restricted stock and stock options over the next four years, according to a regulatory filing. |
| Ken Goldman, a veteran technology executive, was appointed chief financial officer of the ailing internet firm on Tuesday as new boss Marissa Mayer seeks to turn around Yahoo's fortunes. Her compensation package could total more than $70m in salary, bonuses, restricted stock and stock options over five years. | Ken Goldman, a veteran technology executive, was appointed chief financial officer of the ailing internet firm on Tuesday as new boss Marissa Mayer seeks to turn around Yahoo's fortunes. Her compensation package could total more than $70m in salary, bonuses, restricted stock and stock options over five years. |
| Goldman, 63, will receive $1.1m in salary and bonus, and restricted stock units and performance-based stock options worth as much as $12m that over the next four years. | Goldman, 63, will receive $1.1m in salary and bonus, and restricted stock units and performance-based stock options worth as much as $12m that over the next four years. |
| Yahoo said he will also get 76,000 restricted stock units to make up for compensation lost when he left his previous job at Fortinet, a cyber security software firm. | Yahoo said he will also get 76,000 restricted stock units to make up for compensation lost when he left his previous job at Fortinet, a cyber security software firm. |
| Tim Morse, Goldman's predecessor, served as interim CEO while Yahoo dealt with the fallout from the ousting of Scott Thompson. He was seen as a cost cutter while analysts said Goldman's appointment was part of Mayer's strategy to start growing the company again. Mayer, once one of Google's most high-profile executives, took over as CEO in July. | Tim Morse, Goldman's predecessor, served as interim CEO while Yahoo dealt with the fallout from the ousting of Scott Thompson. He was seen as a cost cutter while analysts said Goldman's appointment was part of Mayer's strategy to start growing the company again. Mayer, once one of Google's most high-profile executives, took over as CEO in July. |
| Mayer briefed staff at Yahoo Tuesday about her plans for the company. The private talk had been billed as "an act of radical transparency" but, according to reports, she did not signal any major new moves. Mayer told staff that the company would concentrate on becoming part of its users' everyday lives, shifting further into mobile and growing its core businesses. | Mayer briefed staff at Yahoo Tuesday about her plans for the company. The private talk had been billed as "an act of radical transparency" but, according to reports, she did not signal any major new moves. Mayer told staff that the company would concentrate on becoming part of its users' everyday lives, shifting further into mobile and growing its core businesses. |
| Mayer is Yahoo's third full-time CEO since the company fired Carol Bartz in September 2011. Microsoft made a $44.6bn bid for Yahoo in February 2008. The bid was firmly rejected by co-founder and then boss Jerry Yang. Since then its fortunes have declined rapidly as the company has lost out in advertising to Google and Facebook and been hit by a series of boardroom turmoils. Yahoo is currently valued at $18.5bn. | Mayer is Yahoo's third full-time CEO since the company fired Carol Bartz in September 2011. Microsoft made a $44.6bn bid for Yahoo in February 2008. The bid was firmly rejected by co-founder and then boss Jerry Yang. Since then its fortunes have declined rapidly as the company has lost out in advertising to Google and Facebook and been hit by a series of boardroom turmoils. Yahoo is currently valued at $18.5bn. |
| Brian Wieser, an analyst at Pivotal Research Group, told Bloomberg: "We still need to see some actual actions." He said Mayer would need to change the "core dynamics" of the industry to restore its advertising business by making deals with other big players like AOL and Microsoft. | Brian Wieser, an analyst at Pivotal Research Group, told Bloomberg: "We still need to see some actual actions." He said Mayer would need to change the "core dynamics" of the industry to restore its advertising business by making deals with other big players like AOL and Microsoft. |
| Comments | Comments |
| 5 comments, displaying first | 5 comments, displaying first |
| 26 September 2012 11:37PM | 26 September 2012 11:37PM |
| I can tell you one of Mayers strategies will be to ignore people like Brian Wieser, like Google always done, an it has not cause them any harm. | I can tell you one of Mayers strategies will be to ignore people like Brian Wieser, like Google always done, an it has not cause them any harm. |
| An why would Yahoo be interested in signing further deals with Microsoft when Microsoft is unable to fulfill their current deals. | An why would Yahoo be interested in signing further deals with Microsoft when Microsoft is unable to fulfill their current deals. |
| An all of the other CEOs presented big vision plans for Yahoo and they were all sack or resign. | An all of the other CEOs presented big vision plans for Yahoo and they were all sack or resign. |
| Mayers does not need a big vision, she need get back to basics, restor moral at the company (free food, new phones), she need to up quality control on products, cut down on management. Rebuild Yahoo brain power, an focus on getting Yahoo to be innovative again. An even if she did have a big vision why tell the world about it. | Mayers does not need a big vision, she need get back to basics, restor moral at the company (free food, new phones), she need to up quality control on products, cut down on management. Rebuild Yahoo brain power, an focus on getting Yahoo to be innovative again. An even if she did have a big vision why tell the world about it. |
| I was surprise she gave so much of the Alibaba cash over to share holders, I was expecting her to keep much more of it for acquahire and acquisition of new technology an products. | I was surprise she gave so much of the Alibaba cash over to share holders, I was expecting her to keep much more of it for acquahire and acquisition of new technology an products. |
| Link to this comment: | Link to this comment: |
| 27 September 2012 1:53AM | 27 September 2012 1:53AM |
| Dear Marissa Mayer, | Dear Marissa Mayer, |
| If you're reading this, I'd like you to consider this my application for CFO of Yahoo. I have no experience in being a CFO, but I am very capable and a quick learner. I can start immediately. | If you're reading this, I'd like you to consider this my application for CFO of Yahoo. I have no experience in being a CFO, but I am very capable and a quick learner. I can start immediately. |
| I know you just hired Ken Goldman, and he's probably going to be ten times better at the job than I would be. But here's the beautiful part - I am willing to do it for ten times LESS than Mr Goldman! That's right - for a mere $1.8 million I will be your CFO. I just saved you over $16 million. Let's do this! | I know you just hired Ken Goldman, and he's probably going to be ten times better at the job than I would be. But here's the beautiful part - I am willing to do it for ten times LESS than Mr Goldman! That's right - for a mere $1.8 million I will be your CFO. I just saved you over $16 million. Let's do this! |
| Link to this comment: | Link to this comment: |
| 27 September 2012 6:00AM | 27 September 2012 6:00AM |
| On behalf of the millions making less than $30,000 a year, fuck you, Ken Goldman. We're sick of hearing this stuff. | On behalf of the millions making less than $30,000 a year, fuck you, Ken Goldman. We're sick of hearing this stuff. |
| Link to this comment: | Link to this comment: |
| 27 September 2012 6:03AM | 27 September 2012 6:03AM |
| Blah blah blah work hard. Blah blah blah blah important position. Blah blah blah, blah blah blah responsibility. Blah blah blah overseeing critical blah blah. | Blah blah blah work hard. Blah blah blah blah important position. Blah blah blah, blah blah blah responsibility. Blah blah blah overseeing critical blah blah. |
| There's no longer any reason anyone should be raking in so much money while the vast majority of us struggle to make enough to buy proper groceries. Just plain sick of it. Sick of hearing about it, sick of seeing them, sick of a society that tolerates this sort of obscene wealth. No more. | There's no longer any reason anyone should be raking in so much money while the vast majority of us struggle to make enough to buy proper groceries. Just plain sick of it. Sick of hearing about it, sick of seeing them, sick of a society that tolerates this sort of obscene wealth. No more. |
| Link to this comment: | Link to this comment: |
| 27 September 2012 6:28AM | 27 September 2012 6:28AM |
| Sweet! | Sweet! |
| You are hired. | You are hired. |
| Link to this comment: | Link to this comment: |
| Comments on this page are now closed. | Comments on this page are now closed. |
| Yahoo profits down but shares pick up as figures beat estimates | |
| 18 Oct 2011 | |
| Interet giant announces 26% fall in earnings in first set of results since firing chief executive Carol Bartz | |
| 15 Aug 2008 | |
| Yahoo: Icahn's allies join firm's board | |
| 20 Jul 2012 | |
| Yahoo chief Marissa Mayer in line for $100m package | |
| 9 Sep 2011 | |
| AOL and Yahoo reported to be in merger talks | |
| 10 Dec 2009 | |
| France and Germany back UK bonus tax | |
| Yahoo confirms layoff of 2,000 employees in bid to renew company | Yahoo confirms layoff of 2,000 employees in bid to renew company |
| 4 Apr 2012 | |
| Chief executive of beleaguered internet giant says Yahoo needs to return to its 'core purpose' with a trimmed down workforce | |
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| Appointment of veteran executive Goldman seen as part of CEO Marissa Mayer's strategy to start growing the firm again | Appointment of veteran executive Goldman seen as part of CEO Marissa Mayer's strategy to start growing the firm again |
| Yahoo's new finance boss will receive up to $18m in salary, bonuses, restricted stock and stock options over the next four years, according to a regulatory filing. | Yahoo's new finance boss will receive up to $18m in salary, bonuses, restricted stock and stock options over the next four years, according to a regulatory filing. |
| Ken Goldman, a veteran technology executive, was appointed chief financial officer of the ailing internet firm on Tuesday as new boss Marissa Mayer seeks to turn around Yahoo's fortunes. Her compensation package could total more than $70m in salary, bonuses, restricted stock and stock options over five years. | Ken Goldman, a veteran technology executive, was appointed chief financial officer of the ailing internet firm on Tuesday as new boss Marissa Mayer seeks to turn around Yahoo's fortunes. Her compensation package could total more than $70m in salary, bonuses, restricted stock and stock options over five years. |
| Goldman, 63, will receive $1.1m in salary and bonus, and restricted stock units and performance-based stock options worth as much as $12m that over the next four years. | Goldman, 63, will receive $1.1m in salary and bonus, and restricted stock units and performance-based stock options worth as much as $12m that over the next four years. |
| Yahoo said he will also get 76,000 restricted stock units to make up for compensation lost when he left his previous job at Fortinet, a cyber security software firm. | Yahoo said he will also get 76,000 restricted stock units to make up for compensation lost when he left his previous job at Fortinet, a cyber security software firm. |
| Tim Morse, Goldman's predecessor, served as interim CEO while Yahoo dealt with the fallout from the ousting of Scott Thompson. He was seen as a cost cutter while analysts said Goldman's appointment was part of Mayer's strategy to start growing the company again. Mayer, once one of Google's most high-profile executives, took over as CEO in July. | Tim Morse, Goldman's predecessor, served as interim CEO while Yahoo dealt with the fallout from the ousting of Scott Thompson. He was seen as a cost cutter while analysts said Goldman's appointment was part of Mayer's strategy to start growing the company again. Mayer, once one of Google's most high-profile executives, took over as CEO in July. |
| Mayer briefed staff at Yahoo Tuesday about her plans for the company. The private talk had been billed as "an act of radical transparency" but, according to reports, she did not signal any major new moves. Mayer told staff that the company would concentrate on becoming part of its users' everyday lives, shifting further into mobile and growing its core businesses. | Mayer briefed staff at Yahoo Tuesday about her plans for the company. The private talk had been billed as "an act of radical transparency" but, according to reports, she did not signal any major new moves. Mayer told staff that the company would concentrate on becoming part of its users' everyday lives, shifting further into mobile and growing its core businesses. |
| Mayer is Yahoo's third full-time CEO since the company fired Carol Bartz in September 2011. Microsoft made a $44.6bn bid for Yahoo in February 2008. The bid was firmly rejected by co-founder and then boss Jerry Yang. Since then its fortunes have declined rapidly as the company has lost out in advertising to Google and Facebook and been hit by a series of boardroom turmoils. Yahoo is currently valued at $18.5bn. | Mayer is Yahoo's third full-time CEO since the company fired Carol Bartz in September 2011. Microsoft made a $44.6bn bid for Yahoo in February 2008. The bid was firmly rejected by co-founder and then boss Jerry Yang. Since then its fortunes have declined rapidly as the company has lost out in advertising to Google and Facebook and been hit by a series of boardroom turmoils. Yahoo is currently valued at $18.5bn. |
| Brian Wieser, an analyst at Pivotal Research Group, told Bloomberg: "We still need to see some actual actions." He said Mayer would need to change the "core dynamics" of the industry to restore its advertising business by making deals with other big players like AOL and Microsoft. | Brian Wieser, an analyst at Pivotal Research Group, told Bloomberg: "We still need to see some actual actions." He said Mayer would need to change the "core dynamics" of the industry to restore its advertising business by making deals with other big players like AOL and Microsoft. |