Arab Today, arab today new yahoo chief gets plump pay package
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

New Yahoo! chief gets plump pay package

Arab Today, arab today

Arab Today, arab today New Yahoo! chief gets plump pay package

Washington - AFP

Yahoo! chief Marissa Mayer will be paid one million dollars a year and be eligible for many times that amount in stock and bonuses if she hangs on to the post, the company revealed on Thursday. In the past year, Yahoo! has racked up five bosses, two of them interim chiefs who filled in after dismal ends to stints by Scott Thompson and Carol Bartz. In addition to a $1 million annual salary, Mayer will get $2 million yearly in bonus cash if Yahoo! hits financial performance marks, according to paperwork filed with the US Securities and Exchange Commission. Mayer -- who was named to the job on Monday -- this year will also get $12 million in stock grants and options that will vest over the coming three years, the filing indicated. The 37-year-old will get a \"one-time retention award\" totaling $30 million worth of stock and stock options to vest during a five-year period, according to the Sunnyvale, California-based company. Mayer will be award another $14 million worth of stock to make up for compensation she forfeited by leaving Google this week to take charge of Yahoo!. Mayer -- one of Google\'s first employees -- is now arguably the most prominent woman in Silicon Valley and a rare female CEO at one of America\'s largest firms. After the end of this year, Mayer will also be eligible to enjoy benefits generally available to other top Yahoo! executives, such as 20 days of vacation annually. At Google, Mayer was responsible for local and geographical products including Google Maps, Google Earth, Zagat, Street View, and local search for desktop and mobile. She joined Google in 1999 as its 20th employee \"and led efforts for many of Google\'s most recognizable products, including the development of its flagship search product and iconic homepage for over 10 years,\" according to Yahoo!. The appointment \"signals a renewed focus on product innovation to drive user experience and advertising revenue for one of the world\'s largest consumer Internet brands,\" Yahoo! said. No sooner was Mayer named chief executive of Yahoo! than she announced she\'s pregnant. In doing so, she ramped up a lively ongoing debate in the United States about working moms. Mayer took to Twitter to say she\'s expecting \"a new baby boy\" in October with partner Zack Bogue, a venture capitalist. \"I like to stay in the rhythm of things,\" she later told Fortune magazine. \"My maternity leave will be a few weeks long, and I\'ll work through it,\" she added, as if to reassure Yahoo! shareholders that motherhood won\'t get in the way as she settles into her new corner office. Yahoo! -- which Tuesday reported a four percent drop in quarterly profits to $226.6 million -- is struggling in the dog-eat-dog world of Internet technology.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today new yahoo chief gets plump pay package Arab Today, arab today new yahoo chief gets plump pay package

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today new yahoo chief gets plump pay package Arab Today, arab today new yahoo chief gets plump pay package

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday