Yahoo's new chief executive, Carol Bartz, will be paid an annual base salary of $1m, according to an 8-K filing with the Securities and Exchange Commission. Bartz's four-year contract, dated Jan. 13, also makes her eligible for an annual target bonus of 200% of base pay, or $2m, which will be based on her performance and ultimately determined by the board. If her performance is deemed particularly strong, she stands to get a maximum of two times the target amount, meaning she could get $4m in bonuses. Her predecessor, Jerry Yang, had been paid a base salary of $1 a year, while Sue Decker, Yahoo's soon-to-be ex president, got bumped up to $850,000 from $500,000, as Yahoo (NSDQ: YHOO) board, which has been expanded to 12 to accommodate her.
• Tech Trader Daily: Eric Savitz took out his calculator and made a few rosy assumptions. In all, he suggests that Bartz stands to make a grand total of $40.75m. How? Suppose the stock goes from $12 to $18. So assume she'll get the $4m bonus on top of her $1m salary. Then add to that vested options worth about $10m, the $8m equity grant and the $10m compensatory grant. Don't forget the 50% rise in both the value of the equity grant and 75% of the equity grant, which would translate into $7.75m more.
From paidContent:
• Newspaper Roundup: Boston Globe; EW Scripps; Lee Enterprises; C-S Monitor
• Star-Tribune files for bankruptcy; Minneapolis newspaper seeks lower labour costs
• Gaming Roundup: YouTube/PS3/Wii; vgas; 1UP editor defects to Ignition
• Online marketing-intelligence firm InsideView raises $6.5m
• Control Yourself Gets Seed Round For Identi.ca Microblogging Service
• AT&T inks content deals with BET and MTV across TV, wireless and in-car entertainment
