Yahoo Inc new Chief Executive Carol Bartz will receive a compensation package of about $ 19 million in 2009, in addition to bonuses and stock options, according to a regulatory filing on Thursday.
Bartz appointment, confirmed earlier this week, is seen to pave the way for Internet companies to make decisions on major issues, including the sale or search for a solution to Microsoft Corp.
Yahoo will pay Bartz annual base salary of $ 1 million, and $ 10 million of shares and cash payments to make for the benefits that she would lose her previous employer Autodesk Inc, according to his filing with the U.S. Securities and Exchange Commission.
It will also receive an annual grant of equity, which in 2009 will be about $ 8 million will be available in February, he said.
Bartz will also receive stock options for 5 million shares of Yahoo, at a strike price will be determined on January 30. She was not allowed to implement this before the end of a four-year agreement, and they are just beginning to vest when the share price increased by 50 per cent for at least 20 consecutive trading days, the company said.
In addition, the new director has the right to an annual bonus of about $ 2 million to $ 4 million. The annual bonus will be determined by the Council Compensation Commission about the company and Bartz activities.
In the previous general director and co-founder Jerry Yang, Yahoo rejected a $ 47.5 billion buyout offer from Microsoft almost a year ago.
Yahoo Shares fell 80 cents, or 6.45 percent, to close at $ 11.61 on Thursday.
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