1. Yahoo Ties New CEO's Pay to Stock.
- Author
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VASCELLARO, JESSICA E. and LUBLIN, JOANN S.
- Subjects
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EXECUTIVE compensation , *STOCK prices , *STOCK options , *EMPLOYEE bonuses - Abstract
The article reports on the announcement by Yahoo Inc. on January 15, 2009 that it is paying its new chief executive officer (CEO), Carol Bartz, an annual salary of $1 million, linking her overall pay package to her ability to revive the firm's share price. A regulatory filing from the firm which is based in Sunnyvale, California indicated that the CEO will be given five million stock options. The Internet company adds that Bartz's package includes a maximum annual bonus of $4 million and a 2009 equity grant worth $8 million.
- Published
- 2009