According to The New York Times, Yahoo! Inc. (NASDAQ:YHOO) CEO Marissa Mayer received a substantial pay package as CEO of the company so far. Mayer’s pay from Yahoo! totaled an estimated $214 million through stock grants and options.
When Mayer was hired, Yahoo!’s stock was at $15.78 per share. Today Yahoo! stock is at $36. Because of the rise in the stock price, Equilar calculated that Mayer’s $56 million package grew to around $186 million as of the end of last year.
Mayer forfeited some of the stock for failure to meet certain performance requirements though. Mayer was also awarded $12.47 million worth of restricted stock in early 2013. This grew to $23.7 million by the end of the year. When you add in the $4.3 million in cash that was paid to Mayer, the figure totals to $214 million. Not too shabby for only 15 months of work.
Some of the reasons why the stock price grew is making Mayer made some very valuable strategic decisions at Yahoo! Another major reason for stock growth is because Yahoo! owns a large stake in Alibaba. Alibaba is expected to go public with a valuation of $150 billion sometime in the near future. Yahoo! co-founder Jerry Yang oversaw Yahoo!’s investment in Alibaba several years ago.
[Sources: NYT / BI]