New Yahoo CEO to Get Millions - NBC Bay Area

New Yahoo CEO to Get Millions

Options could see her making millions more



    New Yahoo CEO to Get Millions
    Former Autodesk Incorporation Chairman and CEO Carol Bartz will become the new CEO of Yahoo.

    Yahoo is paying a $1 million salary to new CEO Carol Bartz and awarding her at least $18 million more in cash and stock during her first year in the job. Bartz also will receive 5 million stock options that could yield a huge windfall if Yahoo's slumping shares rebound.

    The details of Bartz's compensation package were outlined in a regulatory filing Thursday. Yahoo hired Bartz, 60, as its new CEO this week.

    The biggest chunk of Bartz's pay this year will consist of $2.5 million in cash and $7.5 million in restricted stock to cover benefits and stock options she is surrendering at her former employer, Autodesk. She also is scheduled to receive an $8 million stock grant next month.