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

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

Last Updated: Wednesday, May 1, 2013, 15:26
 
 Comment 0
 
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


Comments


comments powered by Disqus
Renault Kwid
Renault Kwid
Tata GenX Nano
Tata GenX Nano
2015 Indian Roadmaster
2015 Indian Roadmaster
Forbes 2015 Rich List
Forbes 2015 Rich List
Audi TT Coupé
Audi TT Coupé

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved