newly appointed Yahoo CEO Carol Bartz. Then I read: Bartz, 60, could supplement her salary with a cash bonus up to $4 million, depending on Yahoo’s financial performance. She also is guaranteed a 2009 payment of $2.5 million in cash and $7.5 million in Yahoo stock…None of Bartz’s stock options will vest unless she can increase Yahoo’s stock price by at least 50 percent above the exercise price of her options.
All told, Bartz could earn a whopping $19 million, if she can come in and right the ship. This tells me two things.
- The Yahoo board is smart enough to offer a package that only really rewards if Bartz excels as CEO.
- Bartz is ultra confident that she can get Yahoo on track and its stock price back closer to $20.
Bartz may not be a big name–at least "not round these parts"–but clearly the signs are good that Yahoo’s not out for the count!
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