New Yahoo CEO Marissa Mayer to Receive $70 Million Over Five Years
July 20, 2012 9:17 AM
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(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.
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.
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.
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What can she do?
7/20/2012 2:31:20 PM
I don't know what Yahoo! is. I don't use it as a search engine. It has lots of links to news stories and articles.
Is there anything to be gained by trying to compete with Google on the search engine front?
If I were put in charge of the company right now, I don't know what I would do to it to make it more profitable.
RE: What can she do?
7/21/2012 9:58:12 AM
Make a yahoo powered Android smartphone with integration between all it's services. Default to Google search and get paid $8 per handset per year. Get about $100 per handset. Yahoo is the only other service provider that can compete with Google, Microsoft, Apple, and Amazon.
"So, I think the same thing of the music industry. They can't say that they're losing money, you know what I'm saying. They just probably don't have the same surplus that they had." -- Wu-Tang Clan founder RZA
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