by InvestorPlace Staff | July 20, 2012 10:25 am
The unborn child of Yahoo‘s (NASDAQ:YHOO) new CEO Marissa Mayer is looking to be pretty spoiled, considering mommy’s pay package is worth more than $59 million over the next several years, according to the Associated Press.
While her salary is worth same amount as previous CEO Scott Thompson’s, the total worth of Mayer’s package is more than double when you include the many incentives Yahoo added to pull her away from Google (NASDAQ:GOOG) .
The 37-year-old mother-to-be is set to be receiving $1 million annually and is eligible for $2 million bonus and $12 million in restricted stock and stock options. She’ll also be compensated for what she would have received at Google — restricted stock valued around $14 million.
Plus, if she stays at Yahoo for five years — long enough to throw one fabulous fifth birthday party for her little one — she will receive a one-time retention award for … wait for it … $30 million.
Not too shabby. That’s not to say she wasn’t well off before, though. Remember, she got in at Google pretty much on the ground floor. And that’s not to say she will actually see that award, either. Mayer is the fifth CEO at Yahoo in the past five years.
Plus, a lot of that $59 million package is tied to Mayer’s ability to get Yahoo’s struggling stock back on track, which isn’t going to be easy. But, even though she’s taking the reins at a fixer-upper tech dinosaur, at least she has the potential to pocket a huge chunk of change for it.
-Alyssa Oursler, InvestorPlace Editorial Assistant
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