Wednesday, May 1, 2013

YHOO: Yahoo (YHOO) paid Marissa Mayer $38.6M for her...

6:14 AM Yahoo (YHOO) paid Marissa Mayer $38.6M for her first six months of service as CEO, FT reports. A proxy filing shows Mayer's compensation will be tied to revenue growth (as opposed to profits or cash flow) going forward as "shareholders [have expressed] a deep conviction … that the Yahoo compensation program needs a much greater focus on pay for performance." Yahoo notes that Mayer's "realized" pay was actually closer to $6M, with the lion's share of the headline number coming from as yet unvested stock awards. Read comments

YHOO price at time of publication: $24.73. Check YHOO price now »

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