Yahoo! CEO pay package worth over 47 million dollars

This undated handout from yahoo! received in 2009 shows Yahoo! executivre Carol Bartz
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

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

(c) 2010 AFP

Citation: Yahoo! CEO pay package worth over 47 million dollars (2010, April 30) retrieved 16 April 2021 from https://phys.org/news/2010-04-yahoo-ceo-package-worth-million.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
0 shares

Feedback to editors

User comments