Carol Bartz last year left her position as CEO of Autodesk to join Yahoo! and it looks like it was a very lucrative move.
The Associated Press yesterday reported that Yahoo's CEO received a $47.2 million compensation package for her first year on the job. This figure is mostly made up of stock incentives that are supposed to motivate Bartz to turn things around at Yahoo!. The AP calculated the size of Carol's compensation package based on a regulatory filing made yesterday. It includes salary, bonus, incentives, perks and the estimated value of stock awards.
So with such a huge incentive, what are Carol's plans for the portal? Well, according to an interview given to the BBC, Ms. Bartz says she wants bolster the firm's mobile offerings. However, Bartz clarified that it would not follow in Google's footsteps and offer a mobile OS. Instead, she wants to focus on personalized, "hyperlocal information" for users. "It's about what is going on in your local area," she said.
The BBC reports that Yahoo! recently posted quarterly profits that were triple what they were this time last year.