New Yahoo CEO to receive $19M in cash and stock options

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New Yahoo CEO to receive $19M in cash and stock options

Sunnyvale (CA) – New CEO hiree Carol Bartz will reportedly receive an annual salary of $1 million (doubling the $500K she made at Autodesk), along with cash bonuses totaling $4 million subject to Yahoo’s performance, with a minimum payment of $2.5 million in 2009 in cash and $7.5 million in Yahoo stock.

Yahoo will award her another stock grant which has been initially valued at $8 million as part of her annual incentives package. Bartz will also received 5 million stock options at the end of this month, which is the largest single source of income potential.

All told, the package is valued at $19 million per year. Bartz, 60, will have to come up with a plan to drive Yahoo’s stock north to really cash in. However, as we used to say when I worked as welder, “It’s not bad. You could live on it until something else opens up.”

See the original AP Digital article republished on Yahoo! Finance.