Former Google Vice President Marissa Mayer is set to rake in a million dollars a year and more than ten times that in stock options if she can stick it out for three years as the new Yahoo! chief executive.
As the announcement of Mayer’s ascension to the position broke, industry watchers learned that, along with her $1 million per year salary, she will get a $2 million per year cash bonus if the Internet company reaches earnings goals. She will also get $12 million in Yahoo! stock after a three year vestment period not to mention a $30 million one-time award of stock after a five-year vestment.
Mayer will also reportedly get a $14 million bonus of stock to make up for compensation she’ll lose as a top Google employee. Mayer was one of the earliest employees Google hired.
Yahoo! has gone through five chiefs in just the last year as earnings continue to disappoint.
Mayer is also a supporter of Mr. Obama and his Democrat cohorts. A quick search of OpenSecrets.org shows that Mayer has given in excess of $42,000 to such recipients as Barack Obama, the Democratic National Committee, and Maine Senator Olympia Snowe.