Marissa Mayer
(Credit: James Martin/CNET)
In all the speculation about why Marissa Mayer left Google to take the job at Yahoo, no one has suggested she's doing it for the money. After all, the former Googler -- who was employee No. 20 -- is worth an estimated $300 million.
Even so, Yahoo is paying up. The company today revealed in an SEC filling that it will pay Mayer an annual salary of $1 million. She will also be eligible for an annual bonus with a "target amount of 200 percent of base salary."
Here are some more details from the SEC document:
Base Salary and Bonus. Ms. Mayer will receive an annual base salary of $1,000,000, subject to annual review. She will also be eligible for an annual bonus under the Company's Executive Incentive Plan with a target amount of 200% of base salary. The actual amount of the annual bonus will be determined by the Compensation and Leadership Development Committee of the Board (the "Compensation Committee") based upon two criteria: (i) the Company's financial performance and, (ii) if applicable under the Company's bonus plan for that year, Ms. Mayer's performance. The 2012 bonus would be prorated based on her period of employment in 2012.
2012 Annual Equity Awards (Vesting Over Three Years). Ms. Mayer will also receive an equity award for 2012 th... [Read more]
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