Yahoo! CEO pay package worth over 47 million dollars

Apr 30, 2010
This undated handout from yahoo! received in 2009 shows Yahoo! executivre Carol Bartz. Bartz, who took the reins of the Internet firm last year, received compensation worth more than 47 million dollars in 2009, the company reported.

Yahoo! chief executive Carol Bartz, who took the reins of the Internet firm last year, received compensation worth more than 47 million dollars in 2009, the company reported.

Yahoo! co-founder , meanwhile, was paid a token one dollar salary last year, the company said in a filing late Thursday with the (SEC).

Yang was replaced by Bartz as Yahoo!'s CEO in January 2009 but remains with the company in the post of "Chief Yahoo!"

Yang ranks 773rd on Forbes's latest list of the world's billionaires with a net worth of 1.3 billion dollars and has made it a practice of receiving a token salary of one dollar from the company he co-founded.

According to the SEC filing, Bartz was paid a base salary of 969,872 dollars in 2009 and received a performance-related bonus worth 1.5 million dollars.

She also received stock and worth 42.1 million dollars and "other" compensation totaling 2.61 million dollars for a total package worth 47.22 million dollars.

Much of Bartz's ultimate compensation is tied to the performance of Yahoo! stock.

Bartz joined Yahoo! from software firm Autodesk and was given a four-year contract.

Explore further: Dish restores Turner channels to lineup

add to favorites email to friend print save as pdf

Related Stories

Yahoo's Yang gets $1 in rocky final year as CEO

Apr 30, 2009

(AP) -- Yahoo Inc. limited co-founder Jerry Yang's 2008 compensation package to his customary $1 salary during his final year as chief executive, a tumultuous reign that unraveled after he rebuffed Microsoft Corp.'s $47.5 ...

Icahn pares Yahoo stake with sale of 12.7M shares

Aug 31, 2009

(AP) -- Financier Carl Icahn, one of Yahoo Inc.'s largest stockholders, has sold 12.7 million shares to whittle his holdings in the slumping Internet company down a percentage point to a 4.5 percent stake.

Yahoo! shuts down GeoCities

Oct 26, 2009

Yahoo! on Monday closed GeoCities, a free Web hosting service that it purchased for over three billion dollars at the height of the dot-com boom.

EMC CEO gets $9M pay package in 2009, down 23 pct

Mar 19, 2010

(AP) -- The pay package last year for EMC Corp. CEO Joe Tucci was 23 percent lower than in 2008, a reflection of lower equity awards and cuts to the data-storage company's executive salaries.

Yahoo CEO promises shareholders to get 'mojo back'

Jun 25, 2009

(AP) -- Yahoo Chief Executive Carol Bartz echoed the turnaround promises of her predecessors as she presided over the first shareholder meeting since her hiring, yet she left little doubt the slumping Internet company's ...

Google execs collect bonuses

Mar 03, 2009

Bonus may be a dirty word on Wall Street right now, but end-of-year cash is still being handed out in Silicon Valley.

Recommended for you

Dish restores Turner channels to lineup

Nov 21, 2014

Turner Broadcasting channels such as Cartoon Network and CNN are back on the Dish network after being dropped from the satellite TV provider's lineup during contract talks.

'Call of Duty' blasts past $10 bn in sales

Nov 20, 2014

Blockbuster military shooter video game "Call of Duty" has blasted past $10 billion in lifetime sales, propelled by demand for the latest installment in the 11-year-old franchise.

Square's point-of-sale service goes global

Nov 20, 2014

Financial services startup Square is taking aim at cash registers across the globe, making its point-of-sale software available internationally in English, Spanish, French and Japanese.

User comments : 2

Adjust slider to filter visible comments by rank

Display comments: newest first

Yelmurc
not rated yet May 01, 2010
Who needs that much money? Seriously.
marjon
1 / 5 (1) May 01, 2010
Who needs that much money? Seriously.

How else does one compete for the best talent?
Andrew Carnegie donated billions to charities and foundations that exist and thrive today.
Gates and Buffet can't give their money away fast enough.
Do you want to deny all those who benefit from such charity?

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.