Yahoo CEO Jerry Yang's $1 salary in 2007

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Yahoo CEO Jerry Yang received a base salary of just $1 during 2007, according to an April 29 regulatory filing with the US Securities and Exchange Commission:

"Mr. Yang is a founder and one of the Company’s largest stockholders based on beneficial ownership of the Company’s common stock during 2007. Given the value of Mr. Yang’s existing equity stake in the Company and the fact that a substantial portion of Mr. Yang’s net worth is dependent upon the value of the Company’s common stock, the Compensation Committee and Mr. Yang agreed that it would be appropriate to pay him a base salary of $1 for his services to the Company during 2007. Mr. Yang did not receive an annual bonus or long-term equity incentive grant from the Company during 2007."

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