website statistics

We got another member in Silicon Valley’s $1 CEO club. The new member is Jeremy Stoppelman, CEO of business reviews site Yelp. Stoppelman has joined two other popular members of the club, namely Steve Jobs and Mark Zuckerberg.
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading...

We got another member in Silicon Valley’s $1 CEO club. The new member is Jeremy Stoppelman, CEO of business reviews site Yelp. Stoppelman has joined two other popular members of the club, namely Steve Jobs and Mark Zuckerberg.


yelp logo

According to Yelp’s 8-K document, filed with Securities and Exchange Commission on February 8, revealed the information. The document states that both CEO Stoppelman and COO Geoff Donaker have reduced their base salaries to $1 for 2013.

But, people familiar with this kind of practice know very well that Stoppelman will actually take a handsome amount by the end of this year in return of working for a buck. His actual package includes 665,000 options that will vest at different rates.

Among the total options, one twenty-fourth of the 90,000 options will vest each month to Stoppelman’s account. At the current rate, the market value of these 90,000 shares is $2 million. The amount is definitely not cheap enough, and don’t forget about the rest 575,000 shares.

Yelp COO Donaker will also get 90,000 options in similar terms to Stoppelman’s. He will get another 425,000 options.

Thanks to: CNET

Buy Cheapest Related Product From Amazon.com


Jailbreak Tool Evasi0n Updated To Version 1.2, Brings Cydia Update & Other Bug Fix

Twitter Rolls Out A Cool LOLcat Language Option
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On February 9, 2013(3 years, 4 months ago.)

You May Also Like:

What Do You Think?

Leave a Reply




Loading Facebook Comments ...

FTC Disclosure: Some of the links of this website are "affiliate links." This means if you click on the link and purchase the item, we will receive an affiliate commission.


Recent Search

Recent Tutorials

If you could not wait to installed the iOS 10 beta version on you iPhone and now struggling for the errors, then this tutorial is for you.
Siri might not understand the question you asked. But you can use Siri by editing the text that you asked & it will give an updated answer.
Perhaps, you are new Apple user and you might have no idea how to change name of your iPhone. Check out this tutorial to change the name.
Check out this tutorial to lock Android phone using PIN code, Password or Pattern. Following the easy steps, you can secure your smartphone.
If you could not figure out yet, how to save and send GIF from your iPhone, then this tutorial is just for you.
Google released 'Ambient Display' feature with Android 5.x Lollipop. Check the tutorial to know how to turn off Android’s Ambient Display .
Have you recently got your 3D Touch iPhone 6s and struggling to delete apps? Go through the tutorial to learn how to delete or move the apps.
Just read this tutorial by yourself and from now on, we will show you, how you can make your iOS device read text loudly for you.
If you're still struggling to take selfie on iPhone then check it out to know how to take photos from far using iPhone's headset as a remote.
Even if your iPhone is locked, people can reply from the lock screen. Check out, how to turn off the quick reply message from locked screen.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook