Yahoo’s new CEO Marissa Mayer snags $71M pay package
Yahoo’s new CEO Marissa Mayer’s compensation package could be worth a jaw-dropping $71 million over the next five years, according to regulatory documents filed by Yahoo on Thursday. The pay could rise to $120 million if an extra batch of stock grants she is eligible for comes through.
As Yahoo’s fourth CEO within the past four years, Mayer’s package is by far the most abundant the company has offered. Mayer, 37, is receiving a stock grant valued at $14 million to compensate her for the Google payments she left behind when she resigned from the search giant via telephone on Monday. Those shares will come in stages through 2014. Mayer also received a one-time $30 million “retention award” from Yahoo that will vest steadily over the next five years. The 37-year-old will also receive an equity award worth $12 million in stock and options over the next three years. In addition, Mayer will collect $15 million in salary and bonuses over the next five years, bringing her pay package to roughly $71 million. As one of Google’s first engineers and its first woman employee, Mayer scored big when the company went public and has a net worth reportedly in the $300 million range.