New Yahoo CEO to get $70mln pay package July 20, 2012 - 10:40 AMT PanARMENIAN.Net - New Yahoo Chief Executive Marissa Mayer's compensation package could total more than $70 million in salary, bonuses, restricted stock and stock options over five years, according to a regulatory filing made by the company. Reuters reports that Mayer's pay package is made up of $1 million in annual salary, as much as $2 million in an annual bonus, and $42 million in stock options and other awards, as well as $14 million in "make whole restricted options" for forfeiture of compensation from Google Inc. Also, by including some stock grants, Mayer could earn up to a total of $20 million a year, or up to $100 million over five years, a Yahoo spokeswoman said. As the first female Google engineer and one of its earliest employees, Mayer's net worth is already estimated to be as much as $300 million. Yahoo's hiring of Mayer as CEO from Google earlier this week caught analysts and investors by surprise. Mayer, 37, edged out presumed front-runner and acting CEO Ross Levinsohn to become Yahoo's third CEO in a year. Industry observers believe Mayer's selection over Levinsohn is a signal that Yahoo is likely to renew its focus on Web technology and products rather than beefing up online content. Partner news  Top stories It’s not the first time Yahoo CEO Marissa Mayer has been interested in the New York-based hipster blogging service. The number of new smartphones delivered with Android jumped to 162.1 million in the first three months in 2013. “We believe Samsung generates more revenue and profit from the Android platform than Google does,” Neil Mawston said. The service now also makes it easier for users to add new contacts sent to them by friends, and has support for Simplified Chinese.   Partner news |  Latest news Iran executes two spies convicted of working for Israel, U.S.  Iran has in the past said it had successfully detected and dismantled spy networks operating inside the country.UN chief: conference Syrian settlement to take place “very soon” The conference would be a follow-up to last year’s international meeting in Geneva that drafted a peace roadmap for Syria.France in talks with U.S., Israel to buy intelligence-gathering drones France's existing hardware is outdated and its military intervention in Mali this year has exposed its shortage of surveillance drones.North Korea launches another short-range missile - report The South Korean Defense Ministry said it had increased its monitoring of North Korea and was on standby to deal with any further developments. |
