Yahoo’s new CEO Marissa Mayer's compensation package – salary, stock options, and bonuses - could total up to $71 million over the coming 5 years, the company said in its regulatory filing on Thursday. The package could even go up to $120 million if an additional lot of stock grants, which she is qualified for, get board approval.
Mayer’s compensation package consists of $1 million salary per annum, around $2 million yearly bonus, and $42 million in stock options and related incentives. Besides, she would be taking home $14 million as restricted options- compensation for the pay she left behind when she resigned from Google Inc. on Monday.
Although it is for the first time that Yahoo has offered such a copious compensation package to its latest thread of CEOs, yet Mayer’s real value will rely greatly on Yahoo's stock performance and whether Mayer achieves the set goals and objectives.
Mayer, as Google Inc.’s first lady engineer and one of its earliest staffs, has her net worth already projected to be around $300 million. Her appointment as CEO from Google surprised investors, analysts and employees. The young lady, who became Yahoo’s third CEO in a year, beat out supposed front runner and acting CEO Ross Levinsohn.
Yahoo’s former and 4-month’s CEOgot a $1 million per annum salary. His incentives could have lifted his year 1 compensation package as high as $26 million.
“Mayer already made a fortune from her time at Google (GOOG, Fortune 500). As one of the search giant's first employees, she scored big when the company went public and has a net worth that is frequently estimated to be in the $300 million range,” according to CNN Money.
Having herself set up as one of Silicon Valley's glamorous professionals and leading women, Mayer joined Yahoo more like a celebrity than a business professional. She is famous for her devotion to fashion and most frequently comes out on the society pages for hosting parties.
Mayer, a self-portrayed "nerd" with a master of science’s degree in computer from Stanford University, has often supported bringing more female into the technology sector. She married real estate investor Zachary Bogue in 2009.