Yahoo! Inc. (NASDAQ:YHOO) CEO Carol Bartz received a $47.2 million salary during her first year at the company. The salary information was revealed in a regulatory filing for the SEC and consisted mainly of stock incentives. In her first year at Yahoo!, she made a search partnership with Microsoft, closed unprofitable services, laid off workers, and found effective ways to cut costs. Bartz’s actual salary is significantly higher than Google CEO Eric Schmidt’s $245,322 pay from last year. However Schmidt is a multibillionaire due to his significant ownership in Google stock.
In an interview with the BBC, Bartz had some words of advice for Google. She said that Google will have a problem if they do not diversify their business from just search. “Google is going to have a problem because Google is only known for search,” said Bartz. “Google has to grow a company the size of Yahoo every year to be interesting.” [NYT and BBC]