“It includes salary, equity grants, stock options, a make-whole payment for her Google stock she left behind and, perhaps most remarkably, a $30 million one-time retention award,” Swisher reports. “The amount, which is a whole lot more than what the last two Yahoo CEOs — Carol Bartz and Scott Thompson were paid — is, um, rather large… (Side note: Mayer is already extraordinarily wealthy from her stint at Google, where she was its 20th employee.)”Swisher reports, “The big number is a huge up-front, one-time retention award, vesting over five years, of $15 million in stock and $15 million in options… [plus] there is a make-whole payment of $14 million for the stock she left behind at Google.”
Read more in the full article here.
[Thanks to MacDailyNews Reader "Lynn Weiler" for the heads up.]
MacDailyNews Take: Good for Marissa. Just having her as the face of Yahoo is worth double that, at least.
As long as she doesn’t screw up Yahoo Finance, whatever. Give her $600 million for all we care.
Listen, we deal in Tim Cooks, Phil Schillers, Walt Mossbergs, and Steve Wozniaks all damn day. Just about any excuse we have to use Marissa’s photo that comes along, we’re taking it.
New Yahoo CEO Marissa Mayer was secret iPhone user at Google – July 18, 2012
Marissa Mayer leaves Google to become Yahoo CEO – July 16, 2012