"The estimated value of executive pay packages can also be calculated in dramatically different ways. After factoring in future grants of restricted stock and stock options due Mayer under her employment agreement, Yahoo said her annual compensation will be worth about $20 million annually [sic], or about $100 million during the next five years that the company hopes to retain her as CEO."
$1m / year is actually a very common base salary, for tax reasons -- anything above that amount the company can't deduct as a compensation expense. The majority of CEO compensation is via bonuses and long-term equity incentives (grant, options, etc.).
Letter: "Your starting annual base salary will be $83,333.33"..
Me: O_o That's it?
Letter: " per month"..
Me: O_O Ohhh!!
And it only gets better from there with the incentives and awards packages. Yes, there's a lot of work to be done. Being the CEO isn't just putting your feet up and yacking out orders. You gotta work your butt off. Not only for you, but the people who are counting on you to move the company in great direction.
I hope Marissa does well. Yahoo! hasn't been relevant for years now and I hate to see them just go away. We need more competition out there and I'm sure there are a lot of brilliant minds that can pull things together.
As for me, I need to work even harder/better if I ever wanna see that kinda scratch.
eta_carinae|13 years ago
uvdiv|13 years ago
"The estimated value of executive pay packages can also be calculated in dramatically different ways. After factoring in future grants of restricted stock and stock options due Mayer under her employment agreement, Yahoo said her annual compensation will be worth about $20 million annually [sic], or about $100 million during the next five years that the company hopes to retain her as CEO."
http://www.washingtonpost.com/business/technology/new-yahoo-...
jonburs|13 years ago
sreyaNotfilc|13 years ago
Letter: "Your starting annual base salary will be $83,333.33"..
Me: O_o That's it?
Letter: " per month"..
Me: O_O Ohhh!!
And it only gets better from there with the incentives and awards packages. Yes, there's a lot of work to be done. Being the CEO isn't just putting your feet up and yacking out orders. You gotta work your butt off. Not only for you, but the people who are counting on you to move the company in great direction.
I hope Marissa does well. Yahoo! hasn't been relevant for years now and I hate to see them just go away. We need more competition out there and I'm sure there are a lot of brilliant minds that can pull things together.
As for me, I need to work even harder/better if I ever wanna see that kinda scratch.
royalghost|13 years ago