460°

Carol Bartz exclusive: Yahoo "f---ed me over"

Here is what Carol Bartz thinks of the Yahoo (YHOO) board that fired her: "These people f---ed me over," she says, in her first interview since her dismissal from the CEO role late Tuesday.

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postcards.blogs.fortune.cnn.com
Legion4559d ago

For the money she was getting paid... every CEO like her should be "f---ed... over".

iamnsuperman4559d ago

There is a reason why CEO get paid loads. One of the reason is similar reason why high ranking officers in the army are paid much more. If something goes wrong the head gets the stick. CEO is a very insecure job

Legion4559d ago (Edited 4559d ago )

Comparing money of CEO and that of high ranking officers in the military is not EVEN close to being comparable.

A high ranking officer in the military does not make a combined income of 10,000 of his/or her troops. And also, both high ranking officers and CEOs rarely loose anything when being fired from their position. In the military they just move them to another job. And CEOs get stock options that are still there when they get fired.

High pay... understood. Grossly over paid. Here is a blurb of what she was offered upon being hired:

"Yahoo (YHOO) will pay its new CEO Carol Bartz an annual base salary of $1 million. Carol's also eligible for an annual 400% bonus.
She's also getting stock options for 5,000,000 shares and an equity grant of $18 million of stock, which, given Yahoo's low share price could be Carol's real prize. The option vesting is clearly structured to reward her for increasing the stock price as soon as possible."

See full pay amounts here: http://www.businessinsider....

Who the hell gets an option for an annual 400% bonus???

"Carol Bartz Net Worth
September 7, 2011

Total Compensation: 2010: $15.16 million, 2009: $47.2 million Former president and CEO of the Internet services company...

Read more: http://www.therichest.org/c... "

Yep... she really got screwed over. Wish someone would F--- me over like that! 2 years $62.8 Mil, Peyton Manning wishes he could have gotten that deal!

rmedtx8884559d ago

I think her reaction was very unprofessional. Who's gonna want to hire her now?

ngecenk4559d ago

a lot! yahoo is a sinking ships, the board only care about short term revenue. heck they even fire jerry yang for not selling yahoo.

carol on the other hand is the reason why autodesk program holds 75-90% of computer generated image program aside from adobe.

60°

Yahoo has been scanning your emails to harvest data to sell to advertisers

The U.S. technology industry long ago stopped scanning emails for information to sell to advertisers. Except for Yahoo, it seems. In marketing pitches, the Oath unit of Verizon Communications says it analyzes more than 200 million Yahoo Mail inboxes looking for clues on what products those users might buy.

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knowtechie.com
KingPin2012d ago

so glad i stopped using yahoo.....but in 2018, anyone using yahoo needs to get with the times.

40°

Advir and Yahoo! Aim To Monetise VR Through Unobtrusive Adverts

Advir have put together a Pledge that defines its commitment to unobtrusive VR advertising.

KingPin2427d ago

to be honest, i have lost all trust in yahoo.
after the hacks that happened, then the site was littered with ransomware, ive blocked all my browsers from ever visiting that site ever again.

70°

Verizon Nears Deal to Acquire Yahoo

After months of leaks and speculation, Verizon Communications Inc. has emerged as the most likely buyer of Yahoo! Inc.

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bloomberg.com
Devil-X2779d ago

And who could have imagined that the same Yahoo was once worth $125 Billion.