Kara Swisher

Recent Posts by Kara Swisher

Yahoo CEO Marissa Mayer Gets a Million-Dollar Bonus After Six Months on the Job

url

According to a regulatory 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 certain 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, depending on results.

The million-dollar payment is probably considered pretty much a bargain by investors, since the shares of Yahoo have risen close to 50 percent since she arrived. That’s been based largely on hopes that 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:


SEC-YHOO-1193125-13-94121


Latest Video

View all videos »

Search »

I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik