page contents

«

»

Print this Post

Yelp Inc. CEO Stoppelman’s 2013 salary is $1



Jeremy Stoppelman

Yelp boss Stoppelman’s salary this year is $1.








Steven E.F. Brown
Web Editor- San Francisco Business Times

Email
 | Twitter

Yelp Inc. will pay its CEO, Jeremy Stoppelman, and its chief operating officer, Geoff Donaker, $1 each in salary for 2013.

Both men will receive hefty stock option grants, but the change is dramatic, as just two years ago each got a salary of more than $200,000.

The San Francisco restaurant review company (NYSE: YELP) hasn’t filed a proxy card yet, but the data it gave when it filed to become a public company last year show Stoppelman’s salary was $220,000 in 2009 , 2010 and 2011. Donaker’s salary was $235,000 in all three years.

Yelp’s chief financial officer, Rob Krolik, will be paid a salary of $325,000 in 2013, as will General Counsel Laurence Wilson.

Joseph Nachman, who was paid a salary of $300,000 back in 2011, is now paid in British pounds (265,718 of them), as he moved a year ago to London to help run Yelp’s operations there. (He was “seconded” to Yelp UK Ltd., using a term reminiscent of army operations. I’ve been seconded to the Arab Bureau, said T.E. Lawrence in his eponymous film.)

As part of that deal, Nachman got $35,000 in moving expenses as he left the expensive Bay Area for even dearer London. If he keeps working for Yelp for the two year term, he’ll get $9,000 to move back. He also gets four roundtrip plane tickets a year for personal use.

Earlier this week, Yelp posted a loss of $19.1 million for 2012.

Steven E.F. Brown is web editor at the San Francisco Business Times.


(632)

About the author

Mystic Maggie

All of the Mystic Maggie Posts are RSS Reader Feeds from around the web. All copyright remains with the original publisher. No copyright is claimed or intended. Where supplied, links back to the original article are included.

Permanent link to this article: http://yelp-sucks.com/yelp-inc-ceo-stoppelmans-2013-salary-is-1.html

//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js

Powered by WordPress Lab
Powered by Yahoo! Answers