Whopping $27 million pay package for the new Yahoo CEO
Added On:1/7/2012 1:45:00 PM
Yahoo has offered a fairly excellent package of $27 million to the newly hired CEO Scott Thompson.
The Internet Company Yahoo, going through a lull of its time, revealed the details of Thompson’s package in a regulatory filing this Friday evening. Thompson started his new job this Monday after being associated for four years with eBay Inc’s PayPal service, wherein the profits merely doubled during his tenure. $4.4 billion was the estimated revenue last year. Yahoo’s market power has sagged as many market players like Google and Facebook have managed to lead the show.
Even at the age of 54, Thompson enjoys high regard in the internet industry; still, many speculations have risen if he is fit for Yahoo as he has null experience in online content or advertising, the company’s financial pillar.
Post having new CEO on board, replacing some of its board directors might be the next thing on cards for Yahoo to assuage dissatisfied shareholders. The company has already hired Heidrick & Struggles International Inc. to look for possible replacements, states The Wall Street Journal’s website on Friday.
Now since, it is an interesting start for Yahoo with fresh experience on board, the internet market is eager about the revolution these members can bring in for the company.
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