New Yahoo CEO Marissa Mayer to Receive $70 Million Over Five Years
July 20, 2012 9:17 AM
comment(s) - last by
(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.
This article is over a month old, voting and posting comments is disabled
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.
“Then they pop up and say ‘Hello, surprise! Give us your money or we will shut you down!' Screw them. Seriously, screw them. You can quote me on that.” -- Newegg Chief Legal Officer Lee Cheng referencing patent trolls
Marissa Mayer Leaves Prominent Google Position to Become Yahoo's Latest CEO
July 16, 2012, 4:58 PM
NPD: Online Shopping is up in 2014, But Brick & Mortar Retail is Booming Too
December 12, 2014, 9:09 AM
Amazon Joins 4K Arms Race, With Free 4K Streaming for Prime Members
December 10, 2014, 10:49 AM
Obama Tells Your Kids to Get Coding for CS Education Week
December 9, 2014, 8:01 AM
Microsoft Offers Office, Xbox, Skype Online Services Bundle for $149 -- 65% Off
December 8, 2014, 2:32 PM
Vimeo Offers 4K Uploads and Downloads, But No Streaming (Yet)
December 8, 2014, 11:55 AM
Comcast Ads "Reeducate" Public on TWC Merger's Net Neutrality "Benefits"
December 3, 2014, 6:01 PM
Most Popular Articles
Air Force Worries Hot Fuel Could Harm F-35, "Proactively" Paints Trucks Shiny
December 11, 2014, 9:06 AM
LaWS (Laser) "Kills" Boat-Hauled Fuel Tanks, UAV "Bomber" in the Persian Gulf
December 12, 2014, 8:31 PM
BlackBerry Classic Sells Out Online (Seriously, It Has) for North America
December 15, 2014, 7:07 PM
Lamborghini Offers Up $6,000 Leather-Bound Android Smartphone
December 12, 2014, 3:12 PM
Ford Announces QNX-Powered SYNC 3, Brags It's "More Smartphone-Like"
December 11, 2014, 10:32 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information