Yahoo CEO Marissa Mayer received a $1.1 million bonus for her first five-and-half months running the internet company.
The award disclosed supplements Mayer’s annual salary of $1 million and $56 million in long-term stock compensations that she received after Yahoo lured her away from Google. 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.
Via- Associated Press