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. ®

Boost IT visibility and business value

More from The Register

next story
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
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.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.