(2006-09-26) Yahoo Forced Xmas Vacation

Wow, Yahoo is forcing everyone to take off the last week of the year as part of their vacation. But Last year, Yahoo Inc.'s top five executives raked in $135 million (mostly in restricted stock and Stock Options), down from $155 million the year before, according to calculations from Equilar, a San Mateo research firm that specializes in executive compensation. In fact, of the more than 1,000 executives in the survey, four of the seven highest-paid executives worked at Yahoo. ... Yahoo CEO Terry Semel was the highest-paid executive in 2005, just as he was in 2004. Semel earned $56.8 million last year in total compensation (including restricted stock and the estimated value of his options), down from $131.2 million in 2004.

Update: they relented and just said people need to take a week of vacation sometime before the end of the year.