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January 16, 2009
Stock Price Low Yet New Yahoo CEO Could Make $19 Million Plus?
Apparently the new Yahoo CEO Carol Bartz could make well over $19 million dollars this year, according to Reuters. This despite the fact that some of her comments the other day caused a further dip in their stock price, the New York Times reported.
Bartz receives a $1 million dollar base salary, and has bonuses of up to 200% of that. But she will also receive $10 million in cash and restricted stock to cover benefits and stock options she gave up at Autodesk.
The New York Times stated: "After reports that Ms. Bartz wasn't sold on the idea of selling Yahoo's search business to Microsoft, investors sent Yahoo shares plunging 6.5 percent on Thursday."
Seems the Microsoft deal just will not die. Regardless, Bartz joins Yahoo when their stock has fallen from a 52 week high of $30.05 to a under $10 - the stock is now trading at around $11.50.
Disclosure and commentary on her financial package could further impact Yahoo's short term value.
Posted by Frank Watson on January 16, 2009 12:40 PM
