Yahoo! Inc.'s new CEO, Carol Bartz, will walk away rich no matter how she performs at the struggling Internet company.
According to the
AP:
For starters, Bartz will receive a salary of $1 million, double the
$500,000 she had been getting as executive chairman of her previous
employer, software maker Autodesk Inc.
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 to make up for
benefits and stock awards she relinquished at Autodesk to take the new
job.
Yahoo will award her with another stock grant initially
valued at $8 million as part of annual incentives given to all the
Sunnyvale-based company's brass.