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: Amazon surprises with $214 mln quarterly profit

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

Google delivers another earnings letdown, stock sinks

2 hours ago

Google has gotten into the habit of missing analysts' earnings targets, frustrating investors who believe the online search leader would be more profitable it wasn't pouring so much money into far-flung projects ...

Smartphone Snapshot: Samsung getting squeezed

3 hours ago

The runaway success of Apple's newest iPhone has fueled a dramatic shift in the global market: the California tech giant is now neck-and-neck with South Korea's Samsung for the title of world's leading seller ...

Mashable gets $17 mn funding led by Time Warner

6 hours ago

Mashable, a news website focused on technology and entertainment, said Thursday it raised $17 million in capital led by Time Warner Investments, to help fuel expansion plans.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.