Bartz May Collect Over $10M in Severance
Ex-Yahoo CEO gets pay for 'termination without cause'
It hasn’t been an easy few days for former Yahoo CEO Carol Bartz, who was fired by the Web company’s chairman of the board earlier this week. But despite being on the losing end of the executive equivalent of a (very public) phone breakup, things could be worse. It turns out that Bartz will likely collect a cool $10 million for her troubles.
According to an 8-K form that the company filed with the Securities and Exchange Commission yesterday, Bartz will receive severance benefits “for termination without cause.”
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