SiliconBeat

Pat House resigned Wednesday as a director on the board of Shutterfly to devote herself to a unnamed private software company she co-founded and where she will serve as chief executive. Her departure leaves holes in the boards compensation committee, which she chaired, as well its audit committee, on which she served. Read the rest of this entry »

Putting a cherry on top of the 62 percent raise they gave Chief Executive Jeffrey Housenbold this year, Shutterfly’s board approved paying him a discretionary bonus (meaning they didn’t have to pay it and it wasn’t owed him by way of meeting pre-arranged performance goals) of $283,600 for his work last year. Three other top executives “still with the company” also got bonuses, ranging from $46,000 to $57,000.

The last time we posted about compensation for Housenbold, we received more than a dozen comments, many of them from ex-SFLYers who were, shall we say, a bit Read the rest of this entry »

Shutterfly, the Redwood City Internet-based digital photo sharing site, boosted the salary of its chief executive, Jeffrey Housenbold, by nearly two-thirds next year to $485,000 from the $300,000 salary he got in 2008, according to a filing the company made Monday with the SEC. That comes on the heels of a 9 percent salary increase he got last year. He’ll also get 10 percent of his new salary as a guaranteed minimum bonus to his cash compensation.

The company also served up a helping of Read the rest of this entry »

Last week, Stanford Au, the senior vice president of technology at Shutterfly, notified the company that he is quitting the Redwood City photography Web site effective Sept. 5, according to a regulatory filing Wednesday afternoon. Shutterfly shares fell 16 cents, or 1.6 percent, in after-hours trading.

The company offered Au a severance payment Read the rest of this entry »