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Yahoo CEO gets $47.2 Million salary package for 2009

34 点作者 sandee大约 15 年前

12 条评论

plinkplonk大约 15 年前
This is why a lot of otherwise bright people dedicate their lives to (getting an MBA and) climbing the corporate ladder at a large company. After a while you get huge payouts irrespective of any actual contribution. A few years at a Vice President role (leave alone CEO) can give you huge amounts of money.<p>Interestingly enough Terry Semel got a nice Golden Parachute too iirc after doing nothing much at Yahoo. One VP I know was asked to "teach Semel how the Internet worked" after Semel joined as CEO.<p>Yahoo also had 300 (!!) Vice Presidents at a point of time. Imagine the outflow of money to maintain that crowd. From Yahoo's latest marketing campaign<p>"There’s nothing to look at but a box and a button,” says the voice-over in the Yahoo (YHOO) marketing video–about an unnamed, but obvious, Web site. “When you look at this homepage nothing looks back at you. You come to this place so you can leave.” [1]<p>Somewhere in Yahoo there is whole bunch of marketing VPs and managers raking in millions of dollars for this!!<p>Yahoo's successive CEOs seem to take out a good chunk of its profits without adding much to the bottom line. Fwiw Sun was that way too.<p>[1] Source: <a href="http://kara.allthingsd.com/20100505/yahoo-tries-to-recover-from-its-you-ad-disaster-by-attacking-googles-one-box-this-is-going-to-end-in-tears/" rel="nofollow">http://kara.allthingsd.com/20100505/yahoo-tries-to-recover-f...</a>
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heresy大约 15 年前
Once you get into the CEOs club, it's plain sailing.<p>What I find hilarious is the turn of phrase on Yahoo's own version of this article.<p>"Carol Bartz received a $47.2 million compensation package during her first year on the job as the Internet company tried to motivate her to engineer a turnaround." Isn't doing a good job motivation enough (in addition to already substantial compensation at that level)?<p>Secondly, "Bartz generally impressed analysts by closing Yahoo's unprofitable services, laying off workers and saving even more money by striking an Internet search partnership with Microsoft Corp."<p>Wow, that required real creativity and lateral thinking. That kind of execution sure will help bring Yahoo up out of the morass. Where's the forward thinking?<p>Reading about the stereotypical American CEO, it seems to be all about layoffs and making the short-term bottom-line look good before bailing as the emperor is revealed to have no clothes due to lack of R&#38;D or any thinking past milking of current cash cows.<p>At some point there's nothing left to cut from the hollow shell.
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lpolovets大约 15 年前
Amusing. As far as I can tell, this is almost 10% of Yahoo's profits for last year (source: <a href="http://finance.yahoo.com/q/is?s=yhoo" rel="nofollow">http://finance.yahoo.com/q/is?s=yhoo</a>)
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oziumjinx大约 15 年前
Isn't this slightly a reflection of her attitude towards the company she is steering? Could she have said "you know what, I'm already worth millions so this year I will only receive $1m and we'll use the rest of that money to help bring this company roaring back"....or are these execs just too far out of reality to realize that saving 40-something million dollars for their company would be helpful. I understand she was probably contractually aware of this salary, but c'mon!
amix大约 15 年前
That's a lot of money for making Yahoo more irrelevant.
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philk大约 15 年前
Given in 2008 MS was offering $33/share for Yahoo and it's currently trading at $16.47/share I'd suggest that Yahoo stockholders are used to losing out financially.
hga大约 15 年前
What everyone seems to be ignoring is that Yahoo was seriously damaged goods when she was hired to run it.<p>What do you think it takes to retain a CEO with a successful record (AutoCad) for a gig that's likely to be a failure and very possibly the last good job they'll get?
ivenkys大约 15 年前
And i thought such things only happen in Large Banks. This is a sign of what is wrong with Executive Compensation across the board.
jacquesm大约 15 年前
Carol Bartz is really good at shutting stuff down, doesn't even bother selling it.<p>Geocities, the publisher network, maven networks (only a year after they bought it for $160M) the list is long.<p>She's the worst CEO Yahoo! has had and instead of rewarding her they should throw her out and bring in someone with a vision on how to turn the tide.<p>If that doesn't happen yahoo will continue it's long and slow decomposition.<p>She joined in January '09, and since then the company has been on a steady slide down from the #1 visited website to now the #4 position. That's still huge, but it is clear that Yahoo! is coasting on momentum alone.
samd大约 15 年前
They gave her a large amount of stock so that she'd have a personal stake in making the company successful. It makes sense to have the people running the company personally intertwined with it. It's the same in startups, you don't want the founders shares to become so diluted that they no longer care about the company.
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ramanujan大约 15 年前
At this pace, it'll take her only 396 years to catch up to the roughly $18.6B net worth of Larry Page.
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matrixownsyou大约 15 年前
$47.2 Million? yahooooo