The numbers in an SEC filing this evening are amazing — even if they don’t approach the astronomical outlays we so frequently see at Big Media companies including Viacom, Discovery, Disney, and News Corp. Yahoo’s new CEO will receive a base salary of $1M, an annual bonus targeted at $2M based on Yahoo’s financial performance, an equity award for 2012 of $6M (vesting over three years), and a $6M stock option (vesting over 2 and a half years). There’s also a one-time retention award with $15M in restricted stock that vests over five years, plus a $15M performance-based stock option vesting over 4 and a half years. To partially compensate Mayer “for forfeiture of compensation from her previous employer” Yahoo is giving her restricted stock worth $14M that will vest through 2014. Mayer will get 20 vacation days a year, up to $25,000 to reimburse her for the legal expenses incurred for the agreement, as well as $50,000 a year to pay for security. She’d better watch out, though. “Ms. Mayer’s bonuses and equity grants will be subject to the Company’s ‘clawback’ policies as in effect from time to time” the document says.
Yahoo Offered $59M Package To Lure Marissa Mayer From Google
What's Hot on Deadline
No Obama Bounce For DNC Day 3 Ratings As They Fall Behind RNC, 'Wayward Pines' Finale Down From 2015
Venice Film Festival: Lido To Launch Pics From Ford, Gibson, Malick & More As Awards Season Starts To Buzz - Full List
Bill O'Reilly Defends Comments That Slaves Who Built The White House Were "Well-Fed And Had Decent Lodging" - Update
Cristina Ferrare Out, Replaced By Debbie Matenopoulos As Co-Host Of Hallmark Channel's 'Home & Family'
'The Fighter' Scribes To Co-Write Movie About Leicester City's Hollywood-Ending English Soccer Season
Latest Film News
- ‘Beauty And The Beast’ Live-Action French Version Gets U.S. Release
- ‘Flamingo Kid’ Broadway Musical Eyes 2018 Opening
- Filmmaker Brian Helgeland Signs With CAA
- ‘Hacksaw Ridge’ Trailer: First Look At Venice-Bound Mel Gibson Pic
- Jackie Chan Gets Castmates In ‘Bleeding Steel’
- Pinewood Studios In $425 Million Takeover Deal With U.S. Property Fund Venus Grafton