Carol Bartz's Comp: $1M Salary, $4M Bonus, $18M Grant, 5M Options
Yahoo (YHOO) will pay its new CEO Carol Bartz an annual base salary of $1 million. Carol's also eligible for an annual 400% bonus.
She's also getting stock options for 5,000,000 shares and an equity grant of $18 million of stock, which, given Yahoo's low share price could be Carol's real prize. The option vesting is clearly structured to reward her for increasing the stock price as soon as possible.
From the SEC filing:
The Agreement provides that Bartz will receive an annual base salary of $1,000,000, subject to annual review for increases, and will be eligible to receive an annual bonus with a target amount of 200% of base salary and a maximum amount of two times the target amount. The actual amount of the annual bonus will be determined by the Compensation Committee of the Board (the “Compensation Committee”) based upon both the Company’s and Bartz’s performance for the relevant year.
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