Yahoo’s new Chief Executive Marissa Mayer’s employment package to sort out the troubled search engine is more than $70 million.
The cash is made up of salary, bonuses, restricted stock and stock options over five years.
According to a regulatory filing made by the company, to make all that cash she will have to stay in her desk for five years, something that the previous occupiers have not managed.
According to Reuters, the pay package is divided up into $1 million in annual salary, as much as $2 million in an annual bonus, and $42 million in stock options and other awards, as well as $14 million in “make whole restricted options.” The last bit is to make up for the fact that she lost a lot of share options when she left Google.
Yahoo said that by including some stock grants, Mayer could earn up to a total of $20 million a year, or up to $100 million over five years.
It is not as if Mayer is short of a bob or two. As one of Google’s earliest employees she managed to get a lot of dosh when the company floated. Conservative estimates of her wealth are $300 million.
Yahoo’s previous CEO, Scott Thompson received a package of $27 million.