Home
Internet
Internet News
Yahoo CEO Marissa Mayer gets $1.1 million bonus for 5 months of work

Yahoo CEO Marissa Mayer gets $1.1 million bonus for 5 months of work

By Associated Press | Updated: 7 March 2013 09:40 IST

Click Here to Add Gadgets360 As A Trusted Source

Yahoo CEO Marissa Mayer received a $1.1 million bonus for her first five-and-half months running the Internet company.

The award disclosed Wednesday supplements Mayer's annual salary of $1 million and $56 million in long-term stock compensations that she received after Yahoo Inc. lured her away from Google Inc. to become its CEO last July. The amount included $14 million in stock to offset the loss of money that she would have received had she remained at Google.

The 37-year-old Mayer is eligible for an annual bonus of up to $2 million. Yahoo adjusted last year's bonus to reflect that Mayer spent less than half the year as CEO.

Internet Discussion

Explore More...

Yahoo shareholders are unlikely to quibble with Mayer's bonus. The company's stock has risen by 46 percent since Mayer became the boss.

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.