This image released by NBC shows Yahoo CEO Marissa Mayer appearing on NBC News' "Today" show, Wednesday, Feb. 20, 2013 in New York to introduce the website's redesign. Yahoo is renovating the main entry into its website in an effort to get people to visit more frequently and linger for longer periods of time. The long-awaited makeover of Yahoo.com's home page is the most notable change to the website since the Internet company hired Marissa Mayer as its CEO seven months ago. The new look will start to gradually roll out in the U.S early Wednesday. (AP Photo/NBC Peter Kramer/NBC/NBC NewsWire)
Yahoo pays CEO $1.1M bonus for 5 months of work
Published: 11:13:18 PM, Wed 06 March 2013 UTC
SAN FRANCISCO (AP) — 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.
Yahoo shareholders are unlikely to quibble with Mayer's bonus. The company's stock has risen by 46 percent since Mayer became the boss.
Tags:
ap, google inc., google, yahoo, stanford university, marissa mayer, yahoo inc., mayer, aol, boss, sequoia capital, work, computer_internet, world wide web, percent, san francisco, ceo, yahoo!, award, bonus, ceo marissa mayer, internet company, annual bonus, annual salary, yahoo! search marketing, yahoo shareholders, wednesday supplements mayer, long-term stock compensations, 37-year-old mayer
