Yahoo! paid ex-chief $16 mn in final year

Apr 29, 2012

Former Yahoo! chief executive Carol Bartz received a $16.4 million compensation package during her last year on the job in 2011, the company said in a regulatory filing.

Bartz, a former of business software company Autodesk, was hired to engineer a turnaround at Yahoo! but was abruptly fired in September with more than a year remaining on her contract.

In addition to a base salary of about $735,000, she received a $3 million severance payment, according to the filing made Friday.

She also got $9.4 million in shares and $2.6 million in stock options, for a $12 million total, said the document.

In 2009, when she was ushered in to lead the struggling Internet pioneer, Bartz received $47.2 million, a salary that fell to $11 million the following year.

Explore further: Alibaba surges in Wall Street debut (Update)

add to favorites email to friend print save as pdf

Related Stories

Fewer stock awards reduces Yahoo CEO's pay 75 pct.

Apr 30, 2011

(AP) -- Yahoo Inc. cut CEO Carol Bartz's compensation by 75 percent to $11.9 million last year as the Internet company struggled to revive its revenue growth, regulatory documents filed Friday show.

Bartz blasts Yahoo! board

Sep 08, 2011

Fired Yahoo! chief executive Carol Bartz has responded to her dismissal with a characteristically salty blast at the board of directors of the Internet company.

Recommended for you

Alibaba makes Wall Street debut

Sep 19, 2014

Alibaba made its long-awaited Wall Street debut Friday on the heels of a record stock offering that opens the door to global expansion for the Chinese online retail giant.

Alibaba IPO to boost employee fortunes to $8 bn

Sep 19, 2014

Employees of Chinese e-commerce giant Alibaba will see their fortunes swell to nearly $8 billion as the company prepares a massive US stock offering that could be valued at $25 billion.

Alibaba mega IPO caps founder Jack Ma success tale

Sep 19, 2014

When Jack Ma founded Alibaba 15 years ago he insisted the e-commerce venture should see itself as competing against Silicon Valley, not other Chinese companies. That bold ambition from a time when China was ...

User comments : 0