Newly appointed Yahoo CEO Marissa Mayer’s compensation package is around $70 million in salary, restricted stock, and stock options over five years, according to a regulatory filing made by the company on Thursday.
Her pay package comprises $1 million in annual salary and $42 million in stock options and other awards, as well as $14 million in “make whole restricted options” for forfeiture of compensation from Google, Reuters reported.
As the first female Google engineer and one of its earliest employees, Mayer’s net worth is already estimated to be as much as $300 million.
Mayer, 37, switching her job from Google to Yahoo earlier this week caught analysts, investors, and even some employees by surprise.
She edged out presumed front-runner and acting CEO Ross Levinsohn to become Yahoo’s third CEO in a year.