- Gentlemen, start your drones: Judge’s ruling opens door for commercial use
- Soldier who hid, bragged about not saluting flag to be punished — in secret
- ‘Maverick’ of the seas: ‘Top Gun’ school for U.S. ship officers to launch
- Putin declares Sochi Paralympics open amid Ukrainian protest
- ‘In Jesus name, we pray’ sparks ire at Ohio council meeting
- Navy’s first laser weapon ready for prime time; drone killer to deploy this summer
- Billionaire backer: Rick Santorum ‘needs to be heard’ in 2016
- Obamacare fallout: 49 percent pessimistic; 45 percent ‘scared’
- DHS accused of holding U.S. citizen at airport, using emails to pry into her sex life
- Seattle socialist: Minimum-wage discussion skewed by ‘right-wing’ GAO analysis
Taxpayers must pay the freight for over-budget train projects
Topic - Ken Goldman
Yahoo's new chief financial officer is getting a big raise to join the struggling Internet company.
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.
Internet company Yahoo says Chief Financial Officer Tim Morse is leaving the company and will be replaced in October by Ken Goldman.
Yahoo CEO Marissa Mayer is casting aside a cost-cutting specialist and bringing in software industry veteran Ken Goldman to be chief financial officer as the Internet company's management orchestrates a potentially expensive turnaround attempt.
"Yahoo is an iconic brand with an incredibly strong business model and balance sheet," Goldman said in a statement. "I believe there is a lot of runway ahead for this business, and I look forward to working with Marissa and the rest of the executive team as we define Yahoo's future."