Mayer to receive $70 million pay package to lead Yahoo
July 21 , 2012
Newly appointed Yahoo Chief Executive Marissa Mayer's compensation package could total more than $70 million in salary, bonuses, restricted stock and stock options over five years, according to a regulatory filing made by the company.
Mayer's pay package is made up of $1 million in annual salary, as much as $2 million in an annual bonus and $42 million in stock options and other awards, along with $14 million in "make whole restricted options" for forfeiture of compensation from Google.
In addition, by including some stock grants, Mayer could earn up to a total of $20 million a year, or up to $100 million over five years.
As the first female Google engineer and one of its earliest employees, Mayer's net worth is already estimated to be $300 million.
Earlier this week, the 37-year-old beat acting CEO Ross Levinsohn to become Yahoo's third CEO in a year.
Industry experts believe Mayer's selection is a sign that Yahoo is likely to renew its focus on Web technology and products as opposed to online content.