New Yahoo CEO to Receive $100 Million Over Five Years WSJ
Yahoo will pay its new chief executive up to $100 million in compensation, stock, bonus and retention awards over five years, reports The Wall Street Journal.
Marissa Mayer will receive about $5.4 million from Yahoo for the rest of 2012, and about $20 million a year after that, with some of the amount tied to performance targets, the story notes. Mayer, 37, was hired by Yahoo this week after working for 13 years at Google, where most recently she served as a vice president of local, maps and location services.
Because she wasn't a top officer at Google, it's unknown what her compensation was at the company.
The pay package seems "reasonable and competitive" since Yahoo is "a huge company, a turnaround situation, and they got someone who was doing a fantastic job," said Mark Reilly, a partner at 3C Compensation Consulting Consortium LLC in Chicago.