Yahoo Inc. cuts CEO Carol Bartz's compensation

Bartzs compensation is cut by 75 percent to $11.9 million as the Internet company struggled to revive its revenue growth. The sharp drop in the value of Bartzs pay package stemmed from the lavish awards she got when Yahoo hired her in January 2009 to engineer a turnaround.Bartz, 62, received $10 million in cash whereas incentives included 5 million stock options with an exercise price of $11.73. Since her arrival, she eliminated hundreds of jobs and jettisoned online services. The cost-cutting helped Yahoo double its operating income to $748 million, exceeding a goal of $630 million set by Yahoos board. That accomplishment is the main reason Yahoos board gave Bartz a $2.2 million bonus last year.Most stock compensation programs require an executive to wait a specified amount of time to receive shares or exercise options.