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, 3 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

Check out how to teach Siri about nicknames and relationships of the important people in your life in order to make your life easier.
Has your iPhone suddenly turned black & white? Check out this tutorial to know possible reasons & how to fix iPhone screen with few taps.
Check out this tutorial to download FREE movies and TV Shows streaming Showbox app and install it on your Android smartphone or tablet.
Parental Controls allows you to put restrictions on apps or content that can or can not be used by anyone else on your Apple iPhone or iPad.
If you want to print from iPhone without using any computer, check this out to connect and print wirelessly right from the Apple device.
Using Siri, anyone can bypass the Passcode even if iPhone or iPad is locked. Check out this to know how you can disable Siri on lock screen.
Floatify will let you quick reply to the messages or emails through notification bar using your Android Lollipop or Marshmallow.
If you do not know to do face swap, check out this tutorial to learn how the new Snapchat face swapping feature actually works.
Facebook has released the Live video streaming feature and we will show you how to go live using the Facebook app for Android or Apple.
Apple has added some new features along with the releasing of iOS 9.3. Now you can secure your iPhone Notes app with password protection.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook