The new Chief Executive Officer of Yahoo, Carol Bartz, will receive a compensation package of about $19 million in 2009, in addition to a bonus and stock options, according to a regulatory filing on Thursday.
Yahoo will pay Bartz an annual base salary of $1 million, as well as a $10 million equity-and-cash payment.
She will also receive an annual equity grant, which in 2009 will be around $8 million.
Bartz will also receive stock options for 5 million Yahoo shares, with a strike price to be determined on Jan. 30. She is not allowed to exercise the options until the end of a four-year agreement, and they will only begin to vest when the share price is increased by 50 percent for a minimum of 20 consecutive trading days, the company said.
The new CEO also is eligible for a yearly bonus of around $2 million to as much as $4 million. The annual bonus will be determined by the board’s compensation committee based on the company and Bartz’s performance.
Nice Job.
Hopefully the company and stock will do well so she can collect on her options
MHB,
I hope she is worth every penny,
and MORE !!
We need YAHOO!
Ed – Michigan