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Mayer gets $70m package to lead Yahoo

New Yahoo Chief Executive Marissa Mayer's compensation package could total more than $70 million in salary, restricted stock, and stock options over five years, according to a regulatory filing made by the company on Thursday.

Mayer's pay package is broken out into $1 million in annual salary and $42 million in stock options and other awards, as well as $14 million in “make whole restricted options” for forfeiture of compensation from Google Inc.

Yahoo chief executive Marissa Mayer was recently eviscerated in a Vanity Fair profile. Credit: AP

As the first female Google engineer and one of its earliest employees, Mayer's net worth is already estimated to be as much as $300 million.

Yahoo's hiring of Mayer as CEO from Google earlier this week caught analysts, investors, and even some employees by surprise. Mayer, 37, edged out presumed front-runner and acting CEO Ross Levinsohn to become Yahoo's third CEO in a year.

Industry observers believe Mayer's selection over Levinsohn is a signal that Yahoo is likely to renew its focus on Web technology and products rather than beefing up online content. - Reuters

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