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Yahoo!'s Carol Bartz Named 'Most Overpaid' CEO

By - Source: Tom's Hardware UK | B 20 comments

That's a lot of dough for one woman!

Back in April, the Associated Press published a piece with the estimated compensation of Yahoo! CEO Carol Bartz. The news outlet said that based on a regulatory filing made that month, the former AutoDesk CEO would receive $47.2 million in compensation for her first year on the job. The figure included salary, bonus, incentives, perks and the estimated value of stock awards.

This week, the Yahoo! CEO's salary is in the news again, this time because she's made it to the top of the list for 'most overpaid executives.' Though governance analysis and proxy voting firm Glass-Lewis came up with a figure smaller than the AP's $47.2 million, Bartz still managed to come out on top when it comes to executives receiving enormous amounts of compensation for running companies with less than brilliant performance. According to BusinessWeek, Glass-Lewis listed Ms. Bartz's $39 million package as the highest compensation among executives at 25 overpaying companies in the Standard & Poor’s 500 Index.

BW reports that Glass-Lewis used stock price, operating cash flow and growth in per-share earnings to calculate whether or not a company is paying too much compensation. Second to Bartz is Abercrombie & Fitch CEO Michael Jeffries, with $38.5 million in total compensation. Nabors Industries CEO Eugene Isenberg, whose compensation package rings in at about $38.2 million, occupies third place.

Fortune cites other offenders from the list, including those who have received ridiculous compensation despite the fact that their company is clearly struggling. Chesapeake gave CEO Aubrey McClendon $19 million as the company was losing $5.8 billion. Head of Irish insurance firm LX Group, Michael McGavick, received compensation that amounted to 8 percent of the company's full-year profit.

Glass-Lewis listed Steve Jobs and his $1 salary as the lowest-paid CEO. Also on the list of underpaid companies were Amazon and Goldman Sachs.

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Top Comments
  • 20 Hide
    Anonymous , October 13, 2010 3:09 AM
    "That's a lot of dough for one woman!"

    For women there is no such thing.
  • 18 Hide
    duk3 , October 13, 2010 3:49 AM
    In other news, Carol Bartz was named "Most Clueless CEO"
  • 16 Hide
    2real , October 13, 2010 3:50 AM
    damn that's a high priced hooker
Other Comments
    Display all 20 comments.
  • 6 Hide
    applegetsmelaid , October 13, 2010 2:14 AM
    I'm sure she has many "talents" to offer to justify such a hefty compensation. She keeps her stakeholders happy ;) 
  • 15 Hide
    eddieroolz , October 13, 2010 2:25 AM
    Last time I checked, Yahoo! was quickly losing relevance. So being paid $39million for a company that's losing its meaning - yeah, I agree. She's overpaid.
  • 8 Hide
    Simple11 , October 13, 2010 2:30 AM
    Anything over 250k a year is over paid. Well, at least the next few generations of her family are well covered.
  • 10 Hide
    f-14 , October 13, 2010 2:53 AM
    wow. no wonder where all of yahoo's development money goes. small wonder why they can't keep up to google.
    what does she do to 'earn' such a chunk of change?
  • 20 Hide
    Anonymous , October 13, 2010 3:09 AM
    "That's a lot of dough for one woman!"

    For women there is no such thing.
  • 18 Hide
    duk3 , October 13, 2010 3:49 AM
    In other news, Carol Bartz was named "Most Clueless CEO"
  • 16 Hide
    2real , October 13, 2010 3:50 AM
    damn that's a high priced hooker
  • 1 Hide
    ruffopurititiwang , October 13, 2010 4:13 AM
    She must have gotten a big raise when she owned Mike Arrington.
  • -4 Hide
    vant , October 13, 2010 9:29 AM
    What? No greedy Apple bashing?

    Unlike TH comments section.
  • 1 Hide
    alyoshka , October 13, 2010 9:34 AM
    Bartz.......... the overpaid brat??? :) 
    Or like he most overpaid brat is a bartz....
    sounds like Homer....
  • 0 Hide
    alyoshka , October 13, 2010 9:35 AM
    ^^
    oops typo... "the" instead of "he"
  • 3 Hide
    LORD_ORION , October 13, 2010 11:23 AM
    Yahoo could give everyone working there $3000 with that salary.

    Using that $3000 as incentive would probably improve company performance much more then knowing such an idiot is killing the company while taking home more than a fair share of money too.
  • 1 Hide
    sliem , October 13, 2010 4:22 PM
    "Steve Jobs and his $1 salary as the lowest-paid CEO"

    what, only $1 a year?
  • 0 Hide
    falchard , October 13, 2010 4:39 PM
    When was it a bad thing to try and make more money then you are worth?
  • 4 Hide
    gm0n3y , October 13, 2010 4:41 PM
    sliem"Steve Jobs and his $1 salary as the lowest-paid CEO"what, only $1 a year?

    Yes, he only has $1 in compensation a year. Of course owning a large percentage of Apple's stock means that he's doing pretty well for himself. Its actually a smart idea. What's the point in taking $30 million a year when you're making $5+ billion a year on your stock. Taking $1 instead more than pays for itself in the increased faith that gives to stock holders, employees, and customers, all of which makes the stock go up more than enough to compensate Jobs.

    I hate Jobs as much as most people around here, but he is a smart guy.
  • 1 Hide
    robochump , October 13, 2010 7:35 PM
    Jobs is worth the money. Carol not so much. This is simply more on-going corporate way of making the rich richer and keeping the wealth among the few. Only other time the majority of wealth being concentrated to the fewest in history was in 1929 and I believe most of you know what happened after. Prepare for it!
  • 0 Hide
    otacon72 , October 13, 2010 8:18 PM
    No wonder Yahoo is no longer relevent.
  • 1 Hide
    ithurtswhenipee , October 13, 2010 11:03 PM
    robochumpJobs is worth the money. Carol not so much. This is simply more on-going corporate way of making the rich richer and keeping the wealth among the few. Only other time the majority of wealth being concentrated to the fewest in history was in 1929 and I believe most of you know what happened after. Prepare for it!

    Nobody is worth that much money. Think about how many corporations that have to file for bankruptcy or lay off hordes of bottom rung employees every year. If the top execs took just a 10% pay cut that would alleviate much of that financial burden. And the execs would still be making much more than they can spend or what they are worth.
  • 0 Hide
    slofat1 , October 14, 2010 3:27 AM
    unreal. This company net income was 418MM in 2008, that like paying this old bag 1/8 of the entire companies net, unreal.
  • 0 Hide
    slofat1 , October 14, 2010 3:32 AM
    take a look at yahoo's stock price movement after the market closed, its up 13%, that means someone wants to buy it, likely to cut this gal and get some savings going.
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