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Yahoo! paid ex-chief US$16m in final year
Source: Agencies |
April 29, 2012, Sunday
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Online Edition
FORMER Yahoo! chief executive Carol Bartz received a US$16.4 million compensation package during her last year on the job in 2011, the company said in a regulatory filing.
Bartz, a former chief executive 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 US$735,000, she received a US$3 million severance payment, according to the filing made Friday.
She also got US$9.4 million in shares and US$2.6 million in stock options, for a US$12 million total, said the document.
In 2009, when she was ushered in to lead the struggling Internet pioneer, Bartz received US$47.2 million, a salary that fell to US$11 million the following year.
Bartz, a former chief executive 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 US$735,000, she received a US$3 million severance payment, according to the filing made Friday.
She also got US$9.4 million in shares and US$2.6 million in stock options, for a US$12 million total, said the document.
In 2009, when she was ushered in to lead the struggling Internet pioneer, Bartz received US$47.2 million, a salary that fell to US$11 million the following year.
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