Comments on: Yahoo CEO Bartz to receive $1 million salary

Yahoo's newly named CEO, Carol Bartz, will receive a base salary of $1 million a year, along with a stock grant of 5 million shares. Total package is valued at $19 million.

[ThatGuy2-1]

wow ... just, wow

[gsekse]

Ooooh, well let's see the magic!

Show me the walking on water!

I bet Yahoo is in serious trouble in 4 years and this expensive figurehead will not save it in the least.

But, she will walk away with millions before all the money is gone.

If I owned Yahoo, it would be on a sell order now.

Totally Insane...

[kaisen12]

That is completely ridicules!!! Yahoo is laying off personnel and missed earnings but are willing to pay that much to their new CEO!

Thats the problem is corporate America, during tough times, the actual people who work hard get laid off while management gets paid 10X-30X the average worker.

[Mergatroid Mania]

Hey Yahoo, I'll do the same job you hired her for, and I'll do it for $100K per year, and no stock options.

This is the very thing that is wrong with western civilization.

The people at the top don't work any harder than the people at the bottom, yet they get paid anywhere from 10x as much to 100x (more in some cases),

Makes me sick just thinking about it.

[Eddie-c]

Ludicrous. Yahoo in the toilet and the incoming wench gets $1mill and a bucketload of stock. That will make all the laid-off yahoo-ians really chipper. I'm surprised the guy who ran f'd company.com hasn't re-opened it for business with everything going on. Shame, as I bet there would be a lot of juicy comments.

[tekwiz4u]

OMG!!....im sorry....no person is worth that, no matter what company you work for. Not even NASA. How can the board of directors APPROVE this? Are they complete buffoons?

How about give her 450K, and wait and see what you do for me kind of attitude?

[Mystigo]

She's 60? Dang. Either that picture has been Photoshopped, or she needs the money for the surgery.

If she works until retirement age of 62.5 she will have cleared about 30 million+ if the stock stays at $11 She could probably buy a robot body for just 20 months work. Nice.

Of course idiot decisions do tend to lower the value of your stock somewhat. Maybe a nice McMansion in the burbs somewhere is more like it.

[dennisl59]

It least she's better looking than than Mister Jerry (I refuse the Microsoft offer and my stockholders can go to hell) Yang. Trouble is he is STILL on the Board of Directors and probably the compensation committee that's why she got the $$$.

By the way, anyone seen the Autodesk Stock Price lately? They are getting hammered down and down and down. Coincedence? mmmmm.....

[LinkPopularity]

to those who do not understand those high payments; if a company has 1.000.000.000 gross sales and the CEO manage to raise that with just 1%, then the company makes 10 million more, so to pay a person who's able to do so 1million is in fact very cheap

be careful with all the jalousie, stuff like; what about the workers? well, yahoo had to fire a whole lot of people, if she manages to get yahoo to hire a bunch of people again ... well, then she's worth every penny isn't she?

[tekwiz4u]

It's about being responsible to shareholders and PAY for performance. If you were to hire someone and ASSUME they will bring the company from the brink, wouldn't you gauge it on past performances? I certainly would. So far, her former company she use to manage reported loss of earnings, and impending layoffs. Its not of matter being jealous. I would still pay her a 6 figure salary, which in today's economy seems more than enough. But her contract is all skewed. Like Lehman Brothers, she will get MORE money if she LEAVES Yahoo in a worse shape than it already is. And that my friend is taboo in times like these.

[aaydogan]

How about waiting to see if she can actually pull it off? What incentive does she have to do anything? None! The shareholders should suit the board for violating their fiduciary responsibility. Then again...Yahoo should just go away soon since they don't actually do anything except provide information for inquisitive governments like China <g>

[Renegade Knight]

Pedegrees are expensive. Will she fix Yahoo? No. If anyone will her staff will. Same as every other firm.

I wish companies would stop paying for pedegrees and figure out how to find talent. I'm not saying she don't have talent, I am saying that there is a lot of talent out there that's never tapped because Wall Street types can't find it without the pedegree pointing the way.

The nature of her packages tells me that the Yahoo board isn't seriouse about Yahoo living up to it's potential (and it's already profitiable). No doubt her goals are short term, money related, and worthy of GM's way of thinking and not Toyota's.

[newgun2000]

yahoos gonna get burned

[Johnwarraich]

I think its a fair decision by yahoo. Time will unfold the story.

[chuck_whealton]

Absolutely incredible. Yet we have one of the people who work in this industry telling us that this is inline with what other CEOs get.

Well guess what? They are all over paid.

The 1 million - absolutely, I can see it.

That many millions in options? Come on. You're laying people off, and you have stockholders - this is the stockholders money, not yours to do with as you please.

The "norm" that CEOs and upper management are overpaid has to be stopped. I know that Government is supposed to stay out of private industry (so much for that with the "bailout"), but Government is also supposed to be looking out for it's citizens - the very same citizens who in many cases are being taken advantage of by these companies.

This has gotta stop.

Charles Whealton

[rgegret]

In the face of what has happened during 2008 in the "larger than life" company's, this smacks in the face of stupidity. Each day we read about major companies laying off thousands of hardworking dedicated people to trim costs and improve upon their operating structure. The board of directors that approved this compensation package should be taken out and summarialy shot.