Yahoo CEO pocketed a $47.2 million last year

Search engine outfit Yahoo’s CEO received a $47.2 million compensation package in 2009, her first year on the job.

According to figures from AP, Carol Bartz’s pay consisted mostly of stock incentives to motivate her to engineer a turnaround at the slumping Internet company.   So if she makes the company a lot of money then her income is huge.

As it turned out  Yahoo made some progress under Bartz, even though the recession contributed to the company’s biggest drop in revenue since the dot-com bust in 2001.  Yahoo shares rose by 38 percent in 2009.

The AP hacks looked at regulatory filings, include salary, bonus, incentives, perks and the estimated value of stock awards.  They then divided by their shoe size and multiplied the final figure by the  birthday of their eldest son to get the final figure.

Yahoo did a big deal with Microsoft over the last year and has seen its share of the search market drop in favour of Microsoft’s Bing.  But we are sure that Bartz has been worth every penny.