Blackberry Storm

Struggling internet giant of yore, Yahoo! has named Carol Bartz, chairman and former CEO of Autodesk as successor to Jerry Yang, who stepped down a couple of months ago.

Carol Bartz was Autodesk CEO from 1992 to 2006, and has huge experience in software and hardware, but not too much in the Internet world.

Carol Bartz has previously worked at Sun Microsystems and is on the board of Cisco and Intel.

Yahoo chairman Roy Bostock, said,

“Ms. Bartz is the exact combination of seasoned technology executive and savvy leader that the board was looking for, and we are thrilled to have attracted such a world-class talent to Yahoo. She is admired in the Valley as well as on Wall Street for her deep management expertise, strong customer orientation, excellent people skills, and firm understanding of the challenges facing our industry. She is exactly what Yahoo! needs to get back on a path toward achieving its full potential.”

Update: She is to receive compensation to the tune of $19 million in the first year, in addition to bonus and stock options, according to a regulatory filing by Yahoo!. 

 

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