According to a filing by Yahoo, its CEO Marissa Mayer got a $1.12 million bonus, as part of a compensation package she got when she came to the Silicon Valley Internet giant.
It was based on serving a half of a year. But, as has been previously reported, Mayer has an annual salary of $1 million and is eligible for a $2 million annual bonus, based on meeting performance goals set by its board.
In addition, she has gotten numerous stock and options compensation, worth $56 million, including $14 million to make up for the loss of earnings when she left Google, where she was a top exec for many years. There are also other possible bonuses.
The million-dollar payment is pretty much a bargain, since the shares of Yahoo have risen close to 50 percent since she arrived, largely on hopes Mayer can turn the company around and on the actual stellar performance of its Alibaba Group stake in China.
CFO Ken Goldman, who joined in October, was not eligible for a bonus in 2012, but was awarded a discretionary one of $100,000 nonetheless. He is also eligible for a 90 percent bonus in 2013, based on a $600,000 annual salary.
Here’s Yahoo’s 8-K filing, which also includes details of Mayer’s severance agreement:
Comments are disabled on this post