BUSINESS BRIEFING / INTERNET - Los Angeles Times
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BUSINESS BRIEFING / INTERNET

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Yahoo Inc.’s new chief executive, Carol Bartz, will receive a salary of $1 million and equity grants valued at more than $18 million.

Bartz, who took over this week and joined Yahoo’s board, will get 5 million stock options, the Sunnyvale, Calif., company said in a regulatory filing. She is also eligible for an annual bonus of as much as $4 million.

Bartz, the former executive chairwoman at Autodesk Inc., replaced Yahoo co-founder Jerry Yang, who stepped down after being heavily criticized for bungling merger talks with Microsoft Corp.

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