Yahoo! Inc. 2005 Executive Officer Compensation Summary
This document outlines the 2005 annual base salaries for Yahoo! Inc.'s Chief Executive Officer and four other top executive officers, as approved by the Compensation Committee of the Board of Directors. In addition to their base salaries, these executives are eligible for annual bonuses based on individual and company performance. The document also notes that equity compensation grants are reported separately to the SEC. Only one executive, Michael J. Callahan, received a base salary increase for 2005.
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Exhibit 10.32
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, 2005) of Yahoo!'s executive officers for 2005. The following table shows the annual base salary for 2005 of our Chief Executive Officer and four most highly compensated other executive officers (based on their total annual salary and bonus compensation during 2004), also referred to as the Named Executive Officers.
| Name and Principal Position | Salary* | ||
|---|---|---|---|
| Terry S. Semel Chairman and Chief Executive Officer | $ | 600,000 | |
| Susan L. Decker Executive Vice President, Finance and Administration and Chief Financial Officer | $ | 500,000 | |
| Daniel L. Rosensweig Chief Operating Officer | $ | 500,000 | |
| Farzad Nazem Chief Technical Officer and Executive Vice President, Engineering and Site Operations | $ | 450,000 | |
| Michael J. Callahan Senior Vice President, General Counsel and Secretary | $ | 300,000 | |
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.
- *
- With the exception of Mr. Callahan's base salary, which increased from $275,000 to $300,000, the base salaries for the Named Executive Officers did not increase from previously effective base salaries.
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- Exhibit 10.32
