Yahoo Paid CEO Marissa Mayer $36.6 Million in 2012Jillian Ward
Yahoo! Inc., the largest U.S. Web portal, paid Chief Executive Officer Marissa Mayer a total of $36.6 million in 2012 as she works to turn around the company.
Mayer received $454,862 in salary, $35 million in stock awards and a bonus of $1.12 million, according to a filing with the U.S. Securities and Exchange Commission yesterday. She also got $40,540 in other compensation, which includes personal security services, charitable matching contributions and life-insurance premiums, Sunnyvale, California-based Yahoo said.
Yahoo hired Mayer in July 2012 after a series of board and management changes. She has focused on recruiting and keeping talented employees, and using deals and new products to transform the company into a more robust competitor to Google Inc. and Facebook Inc.
The company’s shares rose 1.2 percent to $24.73 at yesterday’s close in New York. The stock has gained 59 percent since Mayer took over as CEO on July 17.