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
RE: Moronic Board
7/23/2012 9:47:06 AM
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.
“We do believe we have a moral responsibility to keep porn off the iPhone.” -- Steve Jobs
Marissa Mayer Leaves Prominent Google Position to Become Yahoo's Latest CEO
July 16, 2012, 4:58 PM
Twitter Senior VP: "Diversity is Important, But We Can’t Lower the Bar"
November 9, 2015, 9:59 AM
CNN Resorts to Internet Censorship to Promote Clinton Over Senator Sanders
October 15, 2015, 2:47 PM
Breaking Bad: How to Crash Google's Chrome Browser With Just 8 Characters
September 23, 2015, 11:08 AM
Quick Note: Amazon UK Offers £10 Back on Any Order £50 or Over
August 3, 2015, 12:05 PM
Editorial: Reddit Allows Itself to be Hijacked as a Hate Platform For Racist Bigots
July 21, 2015, 6:32 PM
Mozilla and Facebook to Adobe: It's Time to Kill Flash
July 20, 2015, 6:30 PM
Most Popular Articles
Say Goodbye to Data Plans - Sprint and T-Mobile offer Unlimited Data
August 22, 2016, 6:12 AM
Lenovo vs. Asus vs. HP - Best Laptop Under $500.00
August 19, 2016, 4:00 AM
Get Ready to wait in line – iPhone 7 due September.
August 18, 2016, 7:15 AM
5 Healthy and Creative ways to add Fiber to your Diet By Monique C. Bethell, Ph.D.
August 18, 2016, 7:43 AM
Uber - Everyone's Autonomous Car Driver?
August 20, 2016, 6:01 AM
Latest Blog Posts
Coming Soon - Drones and Airports
Aug 24, 2016, 12:40 PM
SolarCity’s Gigafactory: A Milesone in Emerging Technology by Lily Emamian - 15 August 2016
Aug 15, 2016, 6:30 AM
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
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information