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: Ex-Apple chief plans mobile phone for India

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

Chinese tech giant Alibaba set to make a splash with US IPO

13 hours ago

The largest tech IPO of the year will come from a company that many Americans have never heard of. Alibaba Group - a Chinese e-commerce behemoth - has decided to go public in the U.S. after months of speculation that it would ...

Ex-Apple chief plans mobile phone for India

Apr 19, 2014

Former Apple chief executive John Sculley, whose marketing skills helped bring the personal computer to desktops worldwide, says he plans to launch a mobile phone in India to exploit its still largely untapped ...

Airbnb rental site raises $450 mn

Apr 19, 2014

Online lodging listings website Airbnb inked a $450 million funding deal with investors led by TPG, a source close to the matter said Friday.

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?

More news stories

Finnish inventor rethinks design of the axe

(Phys.org) —Finnish inventor Heikki Kärnä is the man behind the Vipukirves Leveraxe, which is a precision tool for splitting firewood. He designed the tool to make the job easier and more efficient, with ...

Making graphene in your kitchen

Graphene has been touted as a wonder material—the world's thinnest substance, but super-strong. Now scientists say it is so easy to make you could produce some in your kitchen.

Poll: Big Bang a big question for most Americans

Few Americans question that smoking causes cancer. But they have more skepticism than confidence in global warming, the age of the Earth and evolution and have the most trouble believing a Big Bang created the universe 13.8 ...