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

By - Source: Tom's Hardware US | B 29 comments

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.

(AP & BBC)

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  • 26 Hide
    aoenate , April 30, 2010 10:56 PM
    sliemHm... one CEO makes a salary of 50 veteran-level IT professionals' combined. Really?


    I think it's quite a bit more than that, veteran-level it professionals don't make 1M a year...
  • 20 Hide
    IFLATLINEI , April 30, 2010 10:36 PM
    I see Yahoo still isnt learning from their mistakes. nice job you yahoo's
  • 20 Hide
    schmich , April 30, 2010 11:08 PM
    CEO bonuses are ridiculous.
Other Comments
  • 9 Hide
    BloodyIron , April 30, 2010 10:28 PM
    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.
  • 20 Hide
    IFLATLINEI , April 30, 2010 10:36 PM
    I see Yahoo still isnt learning from their mistakes. nice job you yahoo's
  • 10 Hide
    sliem , April 30, 2010 10:36 PM
    Hm... one CEO makes a salary of 50 veteran-level IT professionals' combined. Really?
  • 5 Hide
    figgus , April 30, 2010 10:53 PM
    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.
  • 26 Hide
    aoenate , April 30, 2010 10:56 PM
    sliemHm... one CEO makes a salary of 50 veteran-level IT professionals' combined. Really?


    I think it's quite a bit more than that, veteran-level it professionals don't make 1M a year...
  • 14 Hide
    NuclearShadow , April 30, 2010 11:02 PM
    I must ask the serious question do we really need yahoo anymore?
    What service do they even provide that we cannot get elsewhere?
  • 20 Hide
    schmich , April 30, 2010 11:08 PM
    CEO bonuses are ridiculous.
  • -2 Hide
    surrept420 , April 30, 2010 11:53 PM
    Yapoopoo
  • 4 Hide
    buwish , May 1, 2010 1:22 AM
    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.
  • 1 Hide
    JD13 , May 1, 2010 1:36 AM
    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.
  • 1 Hide
    Emperus , May 1, 2010 1:52 AM
    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..
  • 4 Hide
    rajangel , May 1, 2010 2:52 AM
    well. now that she has 47.2 in her pockets. she is gonna secretly sell it. then she will quit.
  • 1 Hide
    micky_lund , May 1, 2010 4:03 AM
    rajangelwell. 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
  • 0 Hide
    Kelavarus , May 1, 2010 1:15 PM
    __-_-_-__americans voted for this system.


    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?
  • 0 Hide
    bogcotton , May 1, 2010 3:39 PM
    KelavarusWell, 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.
  • 0 Hide
    ksampanna , May 1, 2010 4:06 PM
    In other news, 60% of all the children born in Africa are severely malnutritioned by the age of 5 due to lack of food.
  • 0 Hide
    derwin75 , May 1, 2010 6:03 PM
    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.
  • 0 Hide
    derwin75 , May 1, 2010 7:07 PM
    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.
  • 3 Hide
    bogcotton , May 1, 2010 8:45 PM
    Jack131. You most likely have minimum wage or slightly above, and 2. You don't have the talent to ever create a company and go into the millions, so of course you can run your mouth like this... not like you'll ever be in the situation where you'd be paid this much.


    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.



  • 2 Hide
    spoofedpacket , May 2, 2010 3:21 AM
    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.
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