Yahoo pays CEO $1.1 million for 5 months of work

Yahoo CEO Marissa Mayer / Steve Jennings/Getty Images/The Crunchies

NEW YORK Yahoo (YHOO) 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 lured her away from Google (GOOG) 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.

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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.

[PeterMrozik]

Another worthless leach on our economy. Yet another overpriced, over-hyped hyper-female to guide another company to a crash landing. After her, I would assume Carly Fiorina will be next in line - the one thing these people can do is over sell themselves - manage an enormous enterprise? Not so much.

[1life2give]

Mayer is an active Democratic fundraiser. In 2011, she gave $30,800 to the Democratic National Committee. In 2010, she gave two donations of $30,400 to the DNC, according to Open Secrets

Read more: http://www.politico.com/news/stories/0712/78570.html#ixzz2MtMsCXm5

[STBY21]

Good for her. Under her tenure the stock of Yahoo has gone from $15.60 per share to $22.80 per share. Yahoo's market capitalization has grown over $8.5 billion during her time. Several of the whiners on the post probably own Yahoo stock through their 401k plans and have benefited directly from this.

If you want to be outraged, look at congress taking raises while our military cuts meal service to troops in Afghanistan.

[BludApfel]

$56 million and the best idea she came up with is the Barneyfication of Yahoo's main page and Yahoo mail?

What a scam.

[old_bard]

Corporate looters, that's what half the CEO's are.

[twmat311]

Fine, as along as the offices aren't scavenging for paper clips, or the IT people aren't performing miracles on keeping obsolete hardware operating.

I've seen execs patting themselves on the back (and the wallet), while they cut maintenance/repair budgets for leaking roofs.

[mtnbikr]

Exactly. And when was the last time every employee got a meaningful raise?? Where I work, it's been 6 years since I got a raise ... in fact, I've taken a 6.5% pay cut over that time and still the big wigs are getting multi-million dollar payouts/bonuses every year. Then when it's time for raises, they tell us that the company under performed and there is no money for raises.

[realitycheck212]

CEO's are grossly overpaid. It's time for Americans to put an end to this atrocity. We must have new laws, that eliminate this. It starts right now, with you. Every voter has a say. Call your representative, then call them again ! (don't stop)

[old_bard]

WE HAD laws that prevented that in 1960. The wealthy contrived a plan to make the poor and middle class pay more taxes by inflation pushing up against a graduated tax code (which I agree is right). The inflation plus a non-inflated graduated tax scale, resulted in taxes on the poor being at the rate that relatively well off paid in 1960. Thus inflation ALONE was a huge tax increase on the poor and middle class. The public and the government hasn't figured this out yet, and the wealthy are still laughing about it!

[excop1949]

SHE DIDN'T STEAL THE MONEY...THE GOVERNMENT HAS NO BUSINESS DICTATING SALARIES IN PRIVATE BUSINESSES...THAT SHOULD BE LEFT UP TO THE OWNERS OF THE BUSINESS...THE STOCKHOLDERS.

[bobnjersey]

[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 lured her away from Google]
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for that much ... she should have a much better 'fake smile' (pic)

[mecury69]

Great timing! Just yesterday another person I know with a Yahoo email account was hacked into. Mine was hacked months back.

I just opened a new email account and transferring everything away from Yahoo.

Maybe they should have spent that bonus money on security.

A pretty face can sell a lot of BS in this world.

[JWsOpEd]

Obviously - the AP hates white women. Probably women in general. I don't see them taking Oprah to task though.

No one should make more than Obama.

Tax 1 million at 60% - 2 million at 80% - 4 million at 90% - 20 million at 98%. We'll call it ObamaSnare.

On second thought - maybe if they paid the president more - we'd get some better candidates. Right now the government is suffering from brain drain - all of the good candidates go into business.

[vernique3]

make that all the greedy candidates go into business although I agree with your tax suggestions.

[vernique3]

make that all the greedy candidates go into business although I agree with your tax suggestions.