The Quotable Bartz: Yahoo Annual Meeting Edition

Yahoo (NSDQ: YHOO) CEO Carol Bartz got the typical — “your China policy needs reworking” — and not so typical — “you should go into politics” — feedback from shareholders during the open question and answer period at the company’s annual meeting today. Her responses were as quotable as always. Some highlights below:

On China: Like last year, there were several questions about Yahoo’s human rights policy in China. Bartz said the company was “a poster boy for good behavior” in that country and was even a “step ahead of Google” — which pulled out this year — noting that Yahoo hasn’t had direct operations there for several years. The “poster boy” remark is a stretch; Yahoo was accused several years ago of turning over e-mail information that led to the imprisonment of Chinese dissidents.

On Yahoo’s Asian investments: Bartz, answering another often-asked question, said the company didn’t have any immediate plans to change its positions in China, where it has a big stake in Alibaba Group, and Japan, where it has a joint venture with Yahoo Japan. “We are very aware that a great amount of our value to our shareholders is Alibaba and Yahoo Japan. Over time, we will figure out how to monetize that for you,” she said, acknowledging that while those holdings were good investments, they were not “as liquid” as shareholders would like.

On compensation: When a shareholder thanked Bartz for “righting the ship” and said she deserved her large compensation package in 2009, Bartz interrupted to correct him: “It’s not $47 million guys,” she said. “The stock has to triple before I get any of that money.”

On a political future: Another fan suggested that perhaps Bartz had a career in politics ahead of her (likely drawing inspiration from the current political candidacies of two other former Silicon Valley CEOs, Meg Whitman and Carly Fiorina). Bartz’s response: “No. That will be an n-o.”

We tuned in too late for Bartz’s introductory remarks; from the Marketwatch reports, however, it sounds as though she reiterated previous comments that search is basically a “commodity,” suggesting that Google (NSDQ: GOOG) and Bing can fight over the “plumbing,” while Yahoo, presumably, can work on differentiating the search experience for users.