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

I think it's quite a bit more than that, veteran-level it professionals don't make 1M a year...
I think it's quite a bit more than that, veteran-level it professionals don't make 1M a year...
What service do they even provide that we cannot get elsewhere?
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.
wouldn't suprise me. good ole' Sol Trijillo for telstra in australia did that
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 $2M for savings and living costs, and SET UP A FOUNDATION. Help people, you will feel better.
I'm not on minimum wage, I'm a student, and I'm going to study Physics at a well thought of university (University College London). There are plenty of people earning a lot after doing this.
Despite the fact I don't earn anything really, I still volunteer and help people out. I am not running my mouth.
Some people feel okay not spending their money, I don't. In economics, savings are a leakage, the only people they make money for is bankers.
I didn't even say I would give it all away. I suggested spending half of it. (Remember this is for one year).
You obviously think taking on the mentality of the dog eat dog, I worked for this, therefore I deserve more money than I can spend, I'm in (insert developed country here), they are in (insert poor country here), makes you seem more masculine, and like you are part of the wealthy group.
That's fine.
But honestly, the power you feel to be the driving force in shaping someone's entire life is immense. Surely you can understand how important you would feel after giving a homeless person a job, or helping a poor family start up a little business, compared to getting a peice of paper in the mail once a month with a load of zeros in it.
I know this sounds 'liberal' and slightly socialist, but it isn't it's just objectively looking at what makes you feel the best and going with it.
If you feel the best logging into one of your bank accounts online and watching the interest pile up, that's fine; because I'm in the minority, and we will never advance the world to a more friendly place.
I guess my 'problem' is looking at the world through a Physicists eyes, looking at the bigger picture rather than focussing entirely on the monetary dream, on being the baddest motherf*#@$* with his suit and cigar.
Rate me down, even if you haven't read it.