AP: Yahoo! CEO Will Get $47M in Comp. for 2009

It's these kind of earnings that make me not want to put up with crummy earnings and just want to blow the system away.

Hm... one CEO makes a salary of 50 veteran-level IT professionals' combined. Really?

I see Yahoo still isnt learning from their mistakes. nice job you yahoo's

I think the US government should pass a gigantic Yahoo reform bill, it is just wrong that this greedy CEO is making so much money while millions of Americans are dying from lack of a good search engine.

I think it's quite a bit more than that, veteran-level it professionals don't make 1M a year...

I must ask the serious question do we really need yahoo anymore?
What service do they even provide that we cannot get elsewhere?

CEO bonuses are ridiculous.

Yapoopoo

CEO compensation is ungodly bloated throughout the private sector, especially the companies that are part of the fortune 500 and such. As stated above, absolutely ridiculous.

All the CEO CFO COOs are not worth garbage!
They're one of the main reasons the US is hurting: Greedy little sellouts! They take all the credit & deflect all of the blame & still get a bonus when their company is in the toilet. They rather put millions into offshore accounts then pay their employees.

Excellent point there by NuclearShadow.. They can't even maintain a neat webpage for their own sake.. Its so much bloated, I used to rate it as the worst web designs along with hp's.. Although recently they've made it far better.. If the profit figures have grown at that triple rate, yahoo must be doing really good.. Although where is all this good translating too, i am missing the view as of now..

well. now that she has 47.2 in her pockets. she is gonna secretly sell it. then she will quit.

wouldn't suprise me. good ole' Sol Trijillo for telstra in australia did that

http://www.yahoo.com was the first thing I've ever typed in a browser more than 15 years ago. I haven't checked that web page for years now for obvious reasons.

Yeah... (do you remember) yahoo.com, excite.com astalavista.com and google.com only for 8 years now.

Well, really, as much as people are complaining here, how many do you think if the situations were reversed would actually not accept such a compensation package?

about 2%.

I wouldn't be able to live with myself keeping that much money in an account just laying around, out of the economy, not doing any good.

She probably looks at other CEOs and goes, why cant I have $100M !?

Seriously, with that kind of money, buy your mansion, buy your car, set away $2M for savings and living costs, and SET UP A FOUNDATION. Help people, you will feel better.

In other news, 60% of all the children born in Africa are severely malnutritioned by the age of 5 due to lack of food.

I am one of a few people who earned close to a million dollars and believe me, I worked very hard to get to where I am today. So please do not complain about money, Just focus on working on success which will bring the most reward than sit around and doing nothing for less.

To Jack13....I agree with your comment Jack13. Message to ksampanna, we are not in Africa okay, we are in united states so let just focus on that.

I'm not on minimum wage, I'm a student, and I'm going to study Physics at a well thought of university (University College London). There are plenty of people earning a lot after doing this.

Despite the fact I don't earn anything really, I still volunteer and help people out. I am not running my mouth.

Some people feel okay not spending their money, I don't. In economics, savings are a leakage, the only people they make money for is bankers.

I didn't even say I would give it all away. I suggested spending half of it. (Remember this is for one year).

You obviously think taking on the mentality of the dog eat dog, I worked for this, therefore I deserve more money than I can spend, I'm in (insert developed country here), they are in (insert poor country here), makes you seem more masculine, and like you are part of the wealthy group.
That's fine.

But honestly, the power you feel to be the driving force in shaping someone's entire life is immense. Surely you can understand how important you would feel after giving a homeless person a job, or helping a poor family start up a little business, compared to getting a peice of paper in the mail once a month with a load of zeros in it.
I know this sounds 'liberal' and slightly socialist, but it isn't it's just objectively looking at what makes you feel the best and going with it.
If you feel the best logging into one of your bank accounts online and watching the interest pile up, that's fine; because I'm in the minority, and we will never advance the world to a more friendly place.

I guess my 'problem' is looking at the world through a Physicists eyes, looking at the bigger picture rather than focussing entirely on the monetary dream, on being the baddest motherf*#@$* with his suit and cigar.

Rate me down, even if you haven't read it.

I don't see any problem at all with people earning whatever they can negotiate. It definitely beats a government (aka someone else) determining what I can earn.

Even though such payment sounds obscene, it's the necessary price of capitalism. The alternative would be a centrally planned economy where you do whatever the government tells you to do, or else. To complain about the rich is the same as complaining about not having women -- who's stopping you from getting it all in a free world?

Yahoo deserves to go down. She's like the Sarah Palin of the CEOs

"The Associated Press yesterday reported that Yahoo's CEO received a $47.2 million compensation package for her first year on the job."

HOW WILL SHE FEED THE KIDS?

Does she do 47 million worth of work? I mean I can build a robot that will sign paper work, better yet make the signature a stamp.

CEO's have people who do all the work for them, and take all the credit and cash. I bet that the person who will be behind all the "good ideas" for yahoo makes less then 50 thousand a year.

How would you like to be that guy? Hand your idea off to her so she can make a big bonus off it, while you struggle to pay the mortgage.

Except for one problem, she'll make a lot more if she can raise the value of the stock first. No doubt if they're paying here these wages she's already rich. I'm guessing with the stocks there's some sort of lucrative contract that states she must raise the value of stocks x amount before she is fully vested.

I haven't studied american economics, but I doubt the executives wager is the sole reason american industry is hurting.
European executives are equally overpaid in the private sector, so it's hardly a big drawback for a business (as all have the same drawback, it's equalized).

In any event, I find it fair that someone who has the responsibility is awarded with a higher paycheck than those just following orders. I may not think they're doing their job well enough to get that big a bonus, but sometimes individuals can be worth such an investment.
Schumacher was for ferrari, and jobs was for apple. Who knows if she is for yahoo? Yahoo's search is still better than bing, and their messenger is working more reiably than msn, so perhaps they're doing something right. I just prefer google anyway (and am content with msn since icq went downhill after the aol purchase)

And they are wondering why the company has issues...
If I could do that CEO gig for 1 year I'd retire.
You could invest that money and just live off the intrest for the rest of your life.
If you invested and got 10% intrest each year, you'd get just under 5 million dollars a year! Even if the intrest was more modest you could still live off that money.

You're not expecting the former head of autodesk to be content with an income of 1-2 million do you? (a more rational interest given the current circumstances)

If Yahoo's CEO makes $50 Mil, then I guess Google's CEO must make like $50 Billion. Because I haven't been using Yahoo's service for a long long time. I really don't know what Yahoo has to offer?