Mayer Gets $71M Pay Package

How much was Yahoo willing to shell out to hire its new chief executive, Marissa Mayer? A cool $71 million over the next five years. Mayer, who has made headlines for being chosen to lead the struggling company while also being pregnant, will receive a base salary of $1 million. She will also be eligible for an annual bonus of $2 million. She’ll also get $12 million in stock that will vest over three years and a onetime retention payment of $15 million in stock and $15 million in options that will vest over five years. Plus, Yahoo is giving Mayer $14 million to cover the price of the stock she had to leave behind when she resigned from Google. All of these together will net Mayer near $71 million.