Yahoo Gave Marissa Mayer $1.1M Bonus After 6 Months
Plus restricted stock worth $13.3M
By Evann Gastaldo, Newser Staff
Posted Mar 7, 2013 11:05 AM CST
Marissa Mayer, Chief Executive Officer of Yahoo!, poses during the 43rd Annual Meeting of the World Economic Forum, WEF, in Davos, Switzerland, Friday, Jan. 25, 2013.   (AP Photo/Keystone/Laurent Gillieron)

(Newser) – Marissa Mayer got a pretty sweet six-month anniversary gift from Yahoo: She spent just half of 2012 as CEO, and got a $1.12 million cash bonus for her troubles, CNNMoney reports. She also received restricted stock worth $13.3 million, according to company filings. This year Mayer, who started with Yahoo in July, will get the same $1 million base salary she received in 2012, plus a cash bonus of as much as $2 million. She already held stock shares and options worth $47.2 million.

More From Newser
My Take on This Story
To report an error on this story,
notify our editors.
Yahoo Gave Marissa Mayer $1.12M Bonus After 6 Months is...
2%
2%
6%
11%
6%
73%
Show results without voting
You Might Like
Comments
Showing 3 of 16 comments
vlad
Mar 10, 2013 2:38 PM CDT
gotta love how big business works ! ceo comes in , restructures ,gets rid of scores of employees in a " cost cutting measure " aimed at saving the company money ! works the remaining employees like dogs , and the they give him or her the money that was saved , thereby defeating the purpose of the cuts ! raising company revenue !
wei2szu
Mar 8, 2013 12:33 PM CST
I'm sick of hearing about !Yahoo and all the publicity they are trying to get. They are just another corporation that is going to fail under the terms of micro-managing. It will drive them into the ground. First comes their manifestation of changing the 'status quo.' They spent millions of dollars to some consulting firm (that was probably based off shore) to take a look at their company. That consulting firm was given the power pull the good ol Office Space, "what is actually good for the company," cheerleading led by this CEO. So, then they just follow these lame brained ideas (but they must be good, after all, they paid millions for them) dismiss all the quality workers through some sort of 'right sizing' and hire contract company that provides offshore workers at half the price. Then slowly, throughout their headquarters, the A/C in the building starts to smell something like curry. Sound familar? Welcome to flat out micro-managing. It's funny how IT companies are so content on not even using technology themselves.
janelanejones
Mar 8, 2013 10:57 AM CST
in the meantime, they're still laying off people. brilliant. ceos are seriously overpaid to do nothing.