Yahoo! paid ex-chief $16 mn in final year

Reported by AFP
Sunday, April 29, 2012
Australia's richest and poorest postcodesOne pocket of Sydney's eastern suburbs earn close to nine times more than those who live in the country's poorest area.

Former Yahoo! chief executive Carol Bartz received a $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 $735,000, she received a $3 million severance payment, according to the filing made Friday.

She also got $9.4 million in shares and $2.6 million in stock options, for a $12 million total, said the document.

In 2009, when she was ushered in to lead the struggling Internet pioneer, Bartz received $47.2 million, a salary that fell to $11 million the following year.

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03/07/2015 20:37Sydney, Australia. 3 July,2015
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