The media has information about how much money Yahoo! Inc. (NASDAQ: YHOO) CEO Marissa Mayer made last year, a sign of how difficult it is to report on compensation based on proxies.
CNN Money reports on Mayer’s first-year pay:
Yahoo CEO Marissa Mayer took home a pay package of nearly $6 million for her first year on the job. In addition to a salary of close to half a million dollars, Mayer received a $1.1 million cash bonus and $4.3 million in stock, according to regulatory documents filed on Tuesday.
The Financial Times said on Mayer’s first six months:
Marissa Mayer was awarded total pay of $36.6 million for her first six months as chief executive of Yahoo, even as the internet company’s board made efforts to quell shareholder anger about excessive pay.
In a proxy filing before Yahoo’s annual shareholder meeting in June, the California-based internet company said that it would tie remuneration more closely to executive and corporate performance.
Ms Mayer will be incentivized to prioritize revenue growth more than profits or cash flow, according to the filing.
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.