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Print 30 comment(s) - last by hifloor.. on Jul 25 at 12:44 AM


  (Source: OLIVER LANG/Getty Images )
Annual salary for Mayer is $1 million

Many people believe Yahoo is on a continued downward spiral. The once massive web portal and search engine has been overshadowed by Google and has gone through a series of different CEOs in a relatively short period of time. So far, no one seems to be able to pull Yahoo out of the ditch.
 
Recently, Yahoo chose Marissa Mayer as its new CEO. Mayer was employee number 20 for Google and held a high position within the search giant. Many were likely wondering what exactly Yahoo offered Mayer to lure her away from her cushy and secure job with Google to the decisively unknown realm of Yahoo.
 
A regulatory filing presented by Yahoo yesterday outlines Mayer's new compensation package, and it's huge. Undoubtedly, the massive $70 million package was a large part of the reason Mayer left Google and went to Yahoo. The compensation package works out to $70 million in salary, bonuses, restricted stock, and stock options over the next five years. The new CEOs annual salary is $1 million and she can earn as much as $2 million in annual bonus.
 
The stocks options are worth $42 million and there's an additional $14 million in "make whole restricted options" that compensates Mayer for the forfeiture of compensation from Google. Reuters reports that if you include some of the stock grants Mayer could earn as much as $20 million a year or $100 million over the five-year term of her contract.
 
Mayer was the first female Google engineer and one of the company's earliest employees. She is already estimated to be worth as much as $300 million. Of course, if Yahoo continues its decline those stock options could be worth less than expected. 

Source: Reuters



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RE: Moronic Board
By Reclaimer77 on 7/20/2012 11:09:04 AM , Rating: 3
That's not true. Lets say she turns Yahoo around and doubles or triples their stock price and profits. Will she be worth it then?

The stupid CEO hate on Daily Tech needs to stop. Fact is there is a very small pool of CEO-capable people to choose from out there, which is why they are paid so much. They steer ships worth billions of dollars.

$70 million over five years? There are actors who get almost that much for ONE movie. Come on, get some perspective here.


RE: Moronic Board
By Breathless on 7/20/2012 12:15:00 PM , Rating: 5
Stop being reasonable, nobody appreciates that here...


RE: Moronic Board
By praktik on 7/20/12, Rating: -1
RE: Moronic Board
By KoS on 7/20/12, Rating: 0
RE: Moronic Board
By Reclaimer77 on 7/20/12, Rating: -1
RE: Moronic Board
By hifloor on 7/25/2012 12:44:22 AM , Rating: 1
Dumbass - look at Obama's record. What he's done and not - he washes out more conservative than W and Reagan.

I'm far left (commie, you might say) so I've got no love for the right. That's what makes Obama such a disappointment - he was supposed to actually be a liberal. Right up to the election, he talked about as far left as a candidate could and still have a chance at getting elected. Once he took office, though, he continued and made worse a lot of Bush's policies - what happened to ending the wars? Closing Guantanamo? Rolling back the PATRIOT act? What was supposed to be single-payer healthcare turned into a payday for the health-insurance industry, with minor concessions to consumers (it wasn't the gov't that wanted death panels - the insurance companies effectively already had them. Oh, you've got leukemia and you didn't mention you had acne years ago? Sorry, pre-existing condition - enjoy dying!)

Look at what Obama's really done, and tell me why, exactly, conservatives don't like him - even when makes whimpering noises about not liking conservative policies, he either proposes them himself, or rolls over to Republicans like a beaten dog.


RE: Moronic Board
By EricMartello on 7/20/2012 8:01:59 PM , Rating: 2
I don't have a problem with CEOs earning what they're worth, but I think their compensation should be provided on a contingency based on the performance of the company they are directing, rather than a guaranteed amount that they get regardless of success or failure.

You could say that would limit the company's options for finding real talent, but in my experience people who know they're good are not going to back down from a challenge. It's the ones who "look good on paper" that want guaranteed compensation because they themselves are not confident in their ability to deliver any worthwhile results.

If you don't have anything to lose you'll make decisions differently than you would if your personal livelihood is on the line.


RE: Moronic Board
By MZperX on 7/23/2012 12:59:45 PM , Rating: 3
Stock options ARE performance based compensation. If the stock value keeps going down she will not be able to profit from it. (Unless she's allowed to short her stock options which would be obscene of course.)


RE: Moronic Board
By spread on 7/20/2012 11:08:09 PM , Rating: 2
quote:
$70 million over five years? There are actors who get almost that much for ONE movie.


Usually AFTER the movie makes money. They get paid in royalties. I haven't seen Yahoo do any better, why not pay her based on her performance? Yahoo tanks? Well that's too bad, you were the woman at the top. Eat dirt. Her value as a CEO is directly tied in with the value of the company.


RE: Moronic Board
By JKflipflop98 on 7/22/2012 12:20:16 AM , Rating: 2
There is NO ONE that deserves that kind of pay package. I could maybe see if she came up with the cure for cancer, but that's about it.

The fact that anyone would defend this disgusting show of excess speaks volumes.


RE: Moronic Board
By Ristogod on 7/23/2012 9:47:06 AM , Rating: 2
Who are you to decide what anyone person deserves? Should we cap limits on what people should be paid? Would there be any incentive to progress once the limits are reached? What should be done with that money then? Should it be split up for all, so maybe you can get some?

I really don't see what's so disgusting about a deal between one group of people and another person, none of which are you, which makes it none of your business.

You are obviously plagued by the same sickness that a great deal are inflicted with, perceived entitlement.


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