Yahoo chief pockets a whopping 36.6 mn dollars in a six-month pay packet
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Yahoo chief pockets a whopping 36.6 mn dollars in a six-month pay packet

Last Updated: Wednesday, May 1, 2013, 15:26
 
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Yahoo chief pockets a whopping 36.6 mn dollars in a six-month pay packet
Sydney: New Yahoo chief executive Marissa Mayer’s compensation package totals more than 70 million dollars, including her basic pay, performance bonus and restricted stock, according to a regulatory filing with the U.S. Securities and Exchange Commission.

Mayer’s pay package is made up of 4,54, 862 dollars, as much as 1.12 million dollar in an annual bonus, and 35 million dollars in stock options, the News.com.au reports.

According to the report, Mayer’s annual base pay will supposedly increase to a whooping one million dollar with a stupendous raise in the stock and bonus amounts as well, if the high-ranking executive plans to stay on at Yahoo.

Mayer will also be eligible for benefits such as 20 days of annual leave and yearly bonus worth two million dollars if Yahoo does well financially.

Google’s first female engineer, Mayer has been among its high-ranking executives at the time of joining Yahoo.

Despite facing tough competition from Facebook Inc. and Google, Yahoo remains one of the world’s most popular websites and has been re-inventing itself successfully as a platform for premier online content, the report added.

ANI



First Published: Wednesday, May 1, 2013, 15:26


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