LayoffBlog.com

January 15, 2009

New Yahoo CEO Bartz to receive $1 million salary, 2M bonus, 5M shares

According to MarketWatch: “Newly-appointed Yahoo Inc. Chief Executive Carol Bartz has signed a four-year agreement with the company that will pay her an annual base salary of $1 million, according to a regulatory filing Thursday.

Bartz, who was appointed Tuesday to helm the embattled Internet company, will be able to see the salary raised based on annual reviews. She will also be eligible to receive an annual bonus with a target amount of 200% of her base salary, or $2 million.

Bartz, 60, will also receive stock options for 5,000,000 shares of Yahoo’s stock, with an exercise price expected to be dated Jan. 30.”

  • Former Yahoo CEO Terry Semel, who stepped down in June 2007, was given a base salary of $600,000 in 2006 but reduced it to $1 partly through that year as the Yahoo board tried to better link his pay to performance. That left him with an overall salary of $250,000 in 2006, according to WSJ

Update 1 (1-15-2009): Carol Bartz’s profile is still available at Autodesk website, including her color poster (1500 x 1858, TIFF image)

Update 2 (1-15-2009): Bartz has spoken with Microsoft CEO Steve Ballmer since assuming the top job at Yahoo, though she described the conversation as “informal” and did not go into detail, according to MarketWatch report

Update 3 (1-15-2009): According to WSJ: “Yahoo said her package includes a maximum annual bonus of $4 million and a 2009 equity grant valued at about $8 million, expected to be made in February. She also gets $10 million in cash and restricted shares to “make up” for equity grants and benefits that she had at Autodesk Inc., a software concern where she had previously been CEO.”

7 Comments »

  1. “Bartz has spoken with Microsoft CEO Steve Ballmer since assuming the top job at Yahoo” — Huh, that was quick. I think she was hired to sell the company to Microsoft. And to sell it fast.

    Comment by DF — January 15, 2009 @ 7:52 pm | Reply

  2. Good Luck Yahoo, I will try to find you in a few years on google while doing a search for ancient history.

    Comment by brokerbert — January 15, 2009 @ 9:20 pm | Reply

  3. #2: Magellan, Lycos, AltaVista.. In a few years we will be googling for ‘yahoo’..

    Comment by DF — January 15, 2009 @ 11:21 pm | Reply

  4. Bartz is from Autodesk .

    Autodesk has announced it will cut 10 per cent of its workforce and has lowered its fourth-quarter earnings forecast.

    Comment by ricky — January 15, 2009 @ 11:53 pm | Reply

  5. That is almost 10 times of regular Yahoo employees

    Comment by Yahoo Salary — January 16, 2009 @ 7:39 am | Reply

  6. Icahn’s hit man has arrived on board..

    Comment by DF — January 16, 2009 @ 1:11 pm | Reply

  7. […] New Yahoo’s CEO: facts, etc [updated 1-15-2009] […]

    Pingback by Today’s Hot Layoff Topics « LayoffBlog.com — January 16, 2009 @ 1:22 pm | Reply


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