Yahoo CEO scores $26 million pay package

Thompson, formerly the president of PayPal, is eligible for millions in cash, stock and bonuses.

NEW YORK (CNNMoney) -- Yahoo's new CEO is poised to score a rich payday for taking on the troubled company. He's eligible for up to $26 million this year in salary, stock and bonuses.

Scott Thompson, formerly the president of PayPal, was appointed Yahoo CEO on Wednesday and will officially take the helm on January 9. He will try to pull off the kind of turnaround promised by the last Yahoo (YHOO, Fortune 500) CEO, Carol Bartz, who was fired by phone in September.

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