Yahoo's new boss Marissa Mayer could see pay top $70m

Updated on: 2012-07-19 || Source: bbc.com

Technology firm Yahoo has revealed the remuneration package it has offered to new chief executive Marissa Mayer could top $70m (£45m).

Ms Mayer's basic salary will be $1m a year, but shares and share options, along with other potential rewards, could make it far more lucrative.

The basic salary will be subject to an annual review, and her annual bonus has a target of double her basic salary.

The bonus will be made up of shares redeemable after three years.

She will also receive what the company calls a one-time retention award, which will be paid after five years with Yahoo.

The figures were revealed in a filing with the US financial watchdog the Securities and Exchange Commission (SEC).

Marissa Mayer began work at Yahoo on Tuesday this week, having jumped ship from Google.

Ms Mayer, 37, is firm's third chief executive in the space of a year.

In May, chief executive Scott Thompson stepped down after accusations that he put a fake computer degree on his CV.

In September 2011, chief executive Carol Bartz was fired after two-and-a-half years in the post.

Yahoo has struggled in the face of increased competition from internet search rivals including Google, and the emergence of social giants such as Facebook.

Ms Mayer also currently serves on the boards of Wal-Mart, San Francisco Museum of Modern Art, San Francisco Ballet and New York City Ballet. She will also join Yahoo's board.

News

Blackphone 2 'privacy' Android handset revamped
Security firm Silent Circle has revamped its smartphone that helps people manage personal data.
Chinese smartphones mount massive web attack
More than 650,000 Chinese smartphones have been unwittingly enrolled in a massive attack that overwhelmed a web
Hilton investigates hack claims
The Hilton hotel group has said it is investigating claims its US shops and gift stores may be the source of
Twitter website 'blocked' in Turkey
Twitter users in Turkey report that the social media site has been blocked in the country.

SIGN UP FOR NEWSLETTER

Sign up to received our free newsletter!
Name:
E-mail ID:

MOST READ

Views: 5468 Times
10 obscure Word tricks that can expedite common chores READ MORE
Views: 3154 Times
Anonymous hacker group attacks Israeli websites READ MORE
Views: 3132 Times
Aaron Swartz, internet freedom activist, dies aged 26 READ MORE
Views: 5737 Times
Top Ten Tips To Improve System Speed READ MORE
Views: 7743 Times
Create Multi-Colored Glowing Lines in Photoshop READ MORE

Home|IT News|Computer Tips|Video Tutorials|Download Softwares|Subjects|Contact Us
Copyright © 2019. Jumbo Education (Information Technology). All rights reserved.
Free counter and web stats

Large Visitor Globe