The following is an excerpt from AMIR EFRATI | July 20, 2012 | WSJ.com |
Yahoo Inc. YHOO +1.21% showed just how big it is betting that new Chief Executive Marissa Mayer can change its fortunes.
Ms. Mayer will receive up to $100 million in compensation, stock, bonus and retention awards over the next five years, according to a Thursday regulatory filing by the Sunnyvale, Calif., Internet company.
Ms. Mayer is expected to receive around $5.4 million from Yahoo for the remainder of this year and around $20 million a year after that, though some of that amount is tied to performance targets set by the board.
While it is hard to make a direct comparison, Ms. Mayer’s predecessors, Scott Thompson and Carol Bartz, received compensation packages worth $27 million and $44.6 million, respectively, over several years. Both CEOs departed prematurely. Mr. Thompson resigned in May after a five-month stint, while Ms. Bartz was fired last fall after more than 2½ years at Yahoo.
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