SAN FRANCISCO (AP) — Yahoo has given interim CEO Tim Morse a 25 percent raise for stepping into the leadership void created by the struggling Internet company's recent firing of Carol Bartz.
Morse's salary is now $750,000, up from $600,000, according to a regulatory filing on Friday. Already Yahoo's chief financial officer, Morse took on the additional role of interim CEO on Sept. 6 when Yahoo's board of directors ousted his boss, Carol Bartz.
Yahoo's board is now reviewing whether it makes sense to sell the company, either in parts or in its entirety. If the board decides to keep the company intact, it plans to conduct a search for a permanent CEO to replace Bartz.
Morse's bigger paycheck still falls shy of the $1 million salary that Bartz received as CEO.