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.
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Jane McEntegart is a writer, editor, and marketing communications professional with 17 years of experience in the technology industry. She has written about a wide range of technology topics, including smartphones, tablets, and game consoles. Her articles have been published in Tom's Guide, Tom's Hardware, MobileSyrup, and Edge Up.
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BloodyIron 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.Reply -
figgus 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.Reply -
aoenate sliemHm... one CEO makes a salary of 50 veteran-level IT professionals' combined. Really?Reply
I think it's quite a bit more than that, veteran-level it professionals don't make 1M a year... -
NuclearShadow I must ask the serious question do we really need yahoo anymore?Reply
What service do they even provide that we cannot get elsewhere? -
buwish 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.Reply -
JD13 All the CEO CFO COOs are not worth garbage!Reply
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.