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Salaries Frozen at Yahoo

Posted by in Industry News

One week into her new job as CEO of Yahoo!, Carol Bartz has put a freeze on all salries at the company, Computerworld Reports.

“Based on the current economic environment and our focus on keeping costs in line with revenues, we have decided that providing annual salary increases would not be in the best interests of the company or our shareholders,” said Kim Rubey, a Yahoo spokesman in an email to Computerworld . “This decision is consistent with our broader focus on strategically reducing Yahoo’s costs, an effort that has been underway for some time now.”

This is just one of many challenging decisions Bartz is going to have to make to bring Yahoo! back on track.

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