Yahoo Inc., owner of the second most popular U.S. search engine, said Chief Executive Officer Carol Bartz received compensation valued at $47.2 million last year as she began efforts to turn around the company.
Bartz, who started in January 2009, received a salary of $969,872, along with stock awards of $13 million and stock- options worth $29.2 million, according to a regulatory filing. She got a $1.5 million bonus as part of the executive incentive plan. Bartz, 61, also received $2.62 million in other compensation, mostly tied to a “make whole” agreement for compensation lost at her former employer, Autodesk Inc.
Co-founder Jerry Yang, who was CEO before Bartz, received his typical $1 salary. Chief Financial Officer Tim Morse, who joined last year, received a compensation package of $6.17 million.
Yahoo, based in Sunnyvale, California, rose 22 cents to $16.97 at 4 p.m. New York time on the Nasdaq Stock Market. The shares have climbed 1.1 percent this year.
To contact the reporter on this story: Brian Womack in San Francisco at Bwomack1@bloomberg.net;