Yahoo's New CEO Mayer Lured From Google With Up to $60M Pay Package

Yahoo! (YHOO: 15.72, +0.02, +0.16%) lured its new chief executive officer Marissa Mayer away from Internet rival Google (GOOG: 593.06, +12.30, +2.12%) with a compensation package that will pay her at least $60 million over the next five years, according to regulatory filings released Thursday.

Mayer, who joined Yahoo! on Tuesday after 13 years with Google, gets an annual base salary of $1 million subject to an annual review. She’ll also be eligible for an annual bonus worth 200% of that base salary.

Mayer, 37, will also get $12 million in stock that will vest over three years: $6,000,000 of the equity award will be granted as restricted stock units, and the other $6,000,000 as a stock option, which will vest over 2 1/2 years, subject to satisfaction of performance criteria, according to the filing.

Read more: http://www.foxbusiness.com/business-leaders/2012/07/19/yahoo-new-ceo-mayer-lured-from-google-with-up-to-60m-pay-package/#ixzz21987GQly