Yahoo! Inc. 2006 Executive Officer Compensation Summary
Yahoo! Inc.'s Compensation Committee approved the 2006 annual base salaries for its Chief Executive Officer and four other top executive officers. The document lists each executive's position and salary, noting that Mr. Callahan received a salary increase while others' salaries remained the same as in 2005. Mr. Semel's 2006 salary had not yet been determined and remained at his 2005 rate. In addition to base salaries, these executives are eligible for annual bonuses based on individual and company performance. Equity compensation is reported separately to the SEC.
Exhibit 10.22
Summary of Compensation Payable to Named Executive Officers
The Compensation Committee of the Board of Directors of Yahoo! Inc. approved the annual base salaries (effective January 1, 2006) of Yahoo!’s executive officers for 2006. The following table shows the annual base salary for 2006 of our Chief Executive Officer and four most highly compensated other executive officers (based on their total annual salary and bonus compensation during 2005), also referred to as the Named Executive Officers.
| Name and Principal Position |
| Salary* |
| |
| Terry S. Semel |
|
| ** | |
| Chairman and Chief Executive Officer |
|
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| |
|
|
|
|
| |
| Susan Decker |
| $ | 500,000 |
|
| Executive Vice President, Finance and Administration, and Chief Financial Officer |
|
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| |
|
|
|
|
| |
| Daniel L. Rosensweig |
| $ | 500,000 |
|
| Chief Operating Officer |
|
|
| |
|
|
|
|
| |
| Farzad Nazem |
| $ | 450,000 |
|
| Chief Technical Officer and Executive Vice President, Engineering and Site Operations |
|
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| |
|
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|
|
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| Michael J. Callahan |
| $ | 325,000 |
|
| Senior Vice President, General Counsel and Secretary |
|
|
| |
In addition to receiving base salary, Yahoo!’s Named Executive Officers are eligible to receive an annual bonus based on individual performance and Yahoo!’s overall achievement of its financial plan.
Equity compensation plan grants to Yahoo!’s Named Executive Officers are reported on Form 4 filings with the Securities and Exchange Commission.
* Mr. Callahan’s base salary increased from $300,000 to $325,000. The base salaries for Ms. Decker, and for Messrs. Rosensweig and Nazem, did not increase from the level in effect for 2005.
** Mr. Semel’s 2006 rate of base salary has not yet been determined by the Compensation Committee. He is currently paid at his 2005 rate of base salary, $600,000.
