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

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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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.