Feeds

New! Yahoo! CEO! Mayer! awarded! mucho! mazuma!

Near-$60m compensation package for ex-Googler and current mommy-to-be

Build a business case: developing custom apps

Yahoo!'s new CEO Marissa Mayer will be handsomely rewarded for taking the reins at that troubled company – she's been granted an annual base salary of $1m, and can earn up to another $2m in bonus money during her first year.

But wait. There's more.

According to an SEC filing made available on Thursday, Mayer will also receive $6m in restricted stock units vesting over three years, and another $6m in stock options vesting over two and a half years.

And we're not done yet.

In addition, Mayer will receive a $30m "retention award": $15m in restricted stock units granted next Thursday and vested over five years, plus an additional $15m in performance-based stock options. That latter load is expected to be granted this November, and is subject to performance-based vesting requirements over the next four and a half years.

Surely that's enough, right? Nope.

There's also $14m in restricted stock units to "partially compensate Ms. Mayer for forfeiture of compensation from her previous employer." Those buckets-o-bucks will vest at the rate of $4m in 2012, $7m in 2013, and $3m in 2014.

It seems hardly worth it to mention that Mayer will also be entitled to up to $25,000 for "reasonable legal fees incurred in connection with entering into the Agreement," plus $50,000 per year for "security expenses".

Few of us will ever see that many zeros in our pay packages – but it does make us feel a wee bit better to note that Mayer will receive a mere 20 days of vacation per year. Here at The Reg, we ink-stained wretches enjoy a full 25 days.

Eat your heart out, Marissa. ®

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.