Yahoo CEO's enormous pay package revealed
Fri, 20 Jul 2012 10:02a.m.
Yahoo is giving its new chief executive Marissa Mayer a compensation package worth up to US$59 million.
Yahoo Inc. said in a regulatory filing Thursday that Mayer will receive an annual salary of US$1 million. She's also eligible for a US$2 million bonus, and US$12 million in restricted stock and stock options that will vest over several years.
Meyer, who is 37 and was lured away from Google, is also eligible for US$30 million in the form of a one-time retention award if she sticks around for 5 years.
Yahoo says it will also give Mayer restricted stock valued at US$14 million to partially compensate her for forfeiting money she would have gotten at Google.
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