Realtor.com operator Move Inc. will start the new year with a new chief financial officer, Rachel C. Glaser, whose resume includes management roles at MyLife.com Inc., Yahoo Inc. and The Walt Disney Co.
Glaser, 50, succeeds Rob Krolik, a former eBay executive who announced his departure as Move CFO for Yelp Inc. in August, where he’s helping the company prepare for an initial public offering.
Glaser has served as chief financial officer and chief operating officer of MyLife.com Inc., since April 2008. Before that, she was a senior vice president and finance officer for the operations finance and corporate finance units of Yahoo Inc., from May 2005 to April 2008.
From 1986 to 2005, she served in a number of capacities with The Walt Disney Co., including vice president operations and business planning for the consumer products division.
Glaser, who holds a master’s of business administration in finance from the University of Southern California, Los Angeles, "truly understands the complexities of both traditional and online businesses," said Move CEO Steve Berkowitz in a statement.
In letter offering Glaser the job, Berkowitz said she would have an annual base salary of $341,000 and be eligible to earn an annual performance bonus of up to 100 percent for outstanding performance. Glaser will be granted 175,000 stock options allowing her to buy Move shares for 10 years at a price equal to their closing price on her start date. She will also be granted 100,000 shares of common stock that will vest over a four-year period.
According to an April, 2011 regulatory filing, Krolik’s 2010 compensation totaled $773,268, including $325,000 in base salary, $156,813 in incentive pay, and $230,000 in stock awards. Berkowitz’s 2010 compensation totaled $1.195 million, including $525,000 in base salary, $548,625 in incentive pay, and $119,580 in option awards.
Realtor.com President and Move Chief Revenue Officer Errol Samuelson earned $1.034 million in 2010 total compensation, including $325,000 in base salary, $300,625 in incentive pay, and $345,000 in stock awards.
Executive Vice President and General Counsel James S. Caulfield’s 2010 compensation totaled $663,548, including $275,000 in base salary, $237,875 in incentive pay, and $115,000 in option awards.
