Yahoo to Pay its New Chief Marissa Mayer $100 Million

20 Jul

Marissa Mayer could be in line for a package of almost $100m (£64m) after taking up the position of Yahoo chief executive, the company says.

Yahoo New Chief Marissa Mayer

Mayer’s pay package is made up of $1m in annual salary, as much as $2m in an annual bonus, and $42m in stock options and other awards, as well as $14m in “make whole restricted options” for forfeiture of compensation from Google.

With the inclusion of some stock grants, Mayer could earn up to a total of $20m a year, or up to $100m over five years, a Yahoo spokeswoman told Reuters.

As the first female Google engineer and one of its earliest employees, Mayer’s net worth is estimated to be as much as $300m.

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Posted by on July 20, 2012 in International News


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