Getting Fired and Lawsuits: Great Moments In Motivation

Posted: June 19, 2007 in Uncategorized
Wow, that was fast. 
 
From "Absolutely" — Semel’s immediate answer to a shareholder question whether he still had fire in his belly — to his, "I pushed the board to do this sooner rather than later" type comments in yesterday’s press meeting…
 
… dare I say it must have been a looong weekend in YHOO-land?
 
What could cause such a turn-around?
 
 
Yep.  I think the company directors finally understood what a mess of liability they were playing with…
 
… what with the latest dollar figure of Semel’s selling spree pegged at $0.623 billion during his brief stint as CEO, ranking his comp package "926% above the median paid to CEOs at peer companies"…
 
… what with years of blatantly poor stock performance relative to competitors…
 
… someone — in a lawsuit — was bound to ask the question:  "Who did this?"
 
Embarrassing.
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