• MediaPost/Reuters, Friday, January 16, 2009 11:30 AM

New Yahoo Chief Carol Bartz will receive $19 million in 2009, in addition to bonus and stock options, according to a regulatory filing made by Yahoo on Thursday. Bartz, who is expected to turnaround Yahoo's sinking ship by possibly dressing up all or parts of the company for a sale, will earn a base salary of $1 million, as well as a $10 million equity-and-cash payment to make up for benefits that she forfeits from leaving her previous employer, Autodesk.

Reuters points out that she will also receive an equity grant, which in 2009 will be around $8 million to be granted in February, as well as stock options for 5 million Yahoo shares, with a price that will be determined on Jan. 30. She is not allowed to exercise the options until the end of a four-year agreement, and they will only begin to vest once the share price has increased by 50% for a minimum of 20 consecutive trading days, the filing said.

Bartz is also eligible for a yearly bonus of $2 million to $4 million. The price will be determined by the board's compensation committee based on the company and Bartz's performance.

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