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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RE: Moronic Board
7/25/2012 12:44:22 AM
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.
"I modded down, down, down, and the flames went higher." -- Sven Olsen
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