Hefty Payout in the Works for Fired Yahoo CEO

Sep 8, 2011  •  Post A Comment

Fired Yahoo! Chief Executive Carol Bartz, who held her job for less than three years, could receive a payout worth around $10 million, reports Bloomberg.

According to an April filing by Yahoo, she would have received $10.4 million if she had been fired at the end of last year, the story notes. She’s also still eligible for vesting stock options if Yahoo’s shares reach certain milestones, the piece adds.

Yahoo dismissed Bartz after the company struggled with rivals such as Google and posted disappointing sales, the story says. Based on her salary and bonus from last year, she is eligible for $3 million as well as a pro-rated bonus based on her months on the job this year, the story says.


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