BUSINESS BRIEFING / INTERNET
Times Wire Reports
Yahoo Inc.’s new chief executive, Carol Bartz, will receive a salary of $1 million and equity grants valued at more than $18 million.
Bartz, who took over this week and joined Yahoo’s board, will get 5 million stock options, the Sunnyvale, Calif., company said in a regulatory filing. She is also eligible for an annual bonus of as much as $4 million.
Bartz, the former executive chairwoman at Autodesk Inc., replaced Yahoo co-founder Jerry Yang, who stepped down after being heavily criticized for bungling merger talks with Microsoft Corp.
