As new CEO of Yahoo Inc, Carol Bartz will receive a compensation package worth $19 million in salary and bonuses, as well as stock options for rival company, Google.
“By including stock for an industry leader like Google, we were able to lure the best candidate to Yahoo,” said Yahoo Chairman Roy Bostock. “This is exactly the sort of thinking that will help Yahoo stay competitive in the years ahead.”
After taking the helm, Bartz fired up Yahoo staff during a high-energy meeting in which she outlined her plans for the company. The presentation utilized slides created with Google Docs presentation software, including budget projections displayed on a Google spreadsheet. Following the meeting, Bartz spoke to the press during a conference call on her Google Android phone.
Bartz also addressed widespread rumors of Microsoft buying Yahoo. While no decisions have been made, Bartz did offer ideas of what such a partnership would yield. “Take MS Office, for instance. Yahoo could offer an entire office suite, free, on the web. Word processor, spreadsheet, presentation software, you name it,” Bartz said. “And you could search the web from our site, too.” A staff member pointed out that Yahoo already offered a web search, to the surprise of Bartz, media members, and several Yahoo employees.
Bostock said he is excited about the direction Bartz will take Yahoo, and predicts Bartz will become recognized as one of the business world’s top CEOs once she leaves Yahoo for greener pastures. He noted that hiring Bartz has already paid dividends. “Our web stats have skyrocketed,” Bostock said. “Just check out our Google Analytics.”