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News Summary: New Yahoo CFO nearly doubles salary

- Associated Press - Wednesday, September 26, 2012

BIG PAY BUMP: Yahoo's new chief financial officer, Ken Goldman, is starting off with a $600,000 salary and a bonus of up to $540,000. That's a significant raise from the $327,818 salary and maximum bonus of roughly $200,000 that he received as CFO at security software specialist Fortinet Inc.

LONG-TERM INCENTIVES: Goldman, 63, also is getting restricted stock-base awards valued at a total of $12 million. They will vest gradually over the next three to four years.

CHALLENGE AHEAD: Yahoo Inc. CEO Marissa Mayer is counting on Goldman to help turn around the company.

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