Yelp CEO takes $ 1 salary

Add Stoppelman, CEO of the company site Yelp opinion, the list of leaders who are willing to work for $ 1.

Stoppelman has a base salary of $ 1 for 2013, according to information in the document 8-K filed today with Yelp Securities and Exchange Commission. The Itsy-bitsy salary is Stoppelman like Steve Jobs and Mark Zuckerberg, who also preferred to work for only a dollar.

Both Stoppelman and Chief Operating Officer Geoff Donaker reduced base salary of $ 1 for 2013. Stoppelman 2012 salary was $ 300,000, according to public records. Yelp CEO made ​​$ 220,000 in 2009, 2010 and 2011.

Of course, Stoppelman is not working for free. Far from it. Actual payment management for 2013 consists of 665,000 options which vest at different rates.
One twenty-fourth of Stoppelman 90,000 options were granted will vest each month for the next two years, which equates to a vesting schedule relatively generous. When all 90,000 of those shares were acquired by two years, they will be worth about $ 2 million, the share price should remain stable Yelp.

Yelp value, however, is a huge variable that stock prices have bounced between $ 14 and $ 32 a share for its initial public company 11 months ago. Just this week, the company critical bored investors when it reported a net loss of $ 5.3 million for the fourth quarter. Course of action taken Yelp instant success, but recovered to close today at $ 21.85 per share.
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