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Yahoo hires CFO from Altera

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    • Reuters Tags : technology, world, yahoo, CFO Posted: Friday , Jun 12, 2009 at 1048 hrs
    Yahoo
    Tim Morse, who also worked at GE for 15 years, will succeed Blake Jorgensen as CFO.

    Morse will start work on June 17 and assume the responsibilities of CFO on July 1, Yahoo said.

    He will receive a base salary of $500,000, subject to annual review, and a sign-on bonus of $500,000. He has a target bonus of 100 percent of his base salary, of which 70 percent will be based on company performance and 30 percent on individual performance, according to a regulatory filing.

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