Yahoo CEO Carol Bartz received $47.2 million compensation package in 2009

.

Yahoo CEO Carol Bartz received $47.2 million compensation package in 2009

According to a Thursday regulatory filing by the Sunnyvale, California-based Yahoo, the company’s CEO Carol Bartz was given a base salary of $969,872 in 2009 – her first year at the helm of the struggling Internet giant -; along with additional compensation accruing from stock and option awards tied to the company’s multiyear performance targets.

Yahoo also revealed that, in addition to her salary, Bartz received $1.5 million in non-equity incentives, and $2.6 million in other compensation. While appointing Bartz last year, Yahoo – which saw a 38 percent rise in its shares in 2009 - had said that Bartz’s overall pay package would be ‘tightly’ linked to her ability to revive the struggling company’s share price.

Going by the sources at the Associated Press (AP), Bartz’s total compensation package last year was worth a whopping $47.2 million; most of which comprises stock incentives to inspire her bring about a turnaround at the underperforming Internet company. As such, the AP calculations include salary, perks, bonus, incentives, and the estimated value of stock awards.

Technically speaking, as per accounting rules, the Yahoo CEO’s compensation – including stock awards worth nearly $13 million and options awards worth over $29 million - represents the cumulative annual grant date fair value of awards; thereby indicating that there is no certainty whether the financial benefits of the awards will be actually realized.


Latest News

Official manufacturing Index of China Moves Up
Walmart Wage Hike to Create a Ripple in the Other Industries
NXP Semiconductors to buy Smaller Peer Freescale Semiconductor
Minimum Wage for Tipped Workers Raised in New York
Office Depot and Home Depot Reports Better Than Expected Earnings Results
Attorney General Eric Schneiderman investigating the Selection Process of Casino
Barack Obama Calls for Stricter Standards for Brokers Advising on Saving Plans
Chefs of SoDel Concepts Restaurants Turn Girl Scout Cookies into Innovative Dess
Valeant Pharmaceuticals International Inc. to Acquire Salix Pharmaceuticals Ltd
Investors will be All Ears to Janet Yellen as she Testifies before the US Senate
Proposed Merger of Sysco and US Foods faces Strong Opposition
Procter & Gamble to Discontinue About Hundred of Its Brands by Summer