These Monster CEO Payouts Will Make Your Eyes Bulge
Take a deep breath and go to your happy place because whether or not you think these particular executives from Yahoo! Inc. (NASDAQ:YHOO), Heinz (NYSE:HNZ), and Ford (NYSE:F) deserve their compensation, these monster CEO payouts will make your eyes bulge.
First up is Marissa Mayer, president and CEO of Yahoo. Mayer has collected millions of shares of restricted Yahoo stock after taking the helm of the company in July 2012. When Mayer left her executive job at Google (NASDAQ:GOOG) in 2012, she received $14 million in Yahoo stock to compensate for the money she would have made there, as well as a retention bonus of $15 million in Yahoo stock. At the end of last year she also received $13.3 million in performance-based stock options, according to company filings.
In addition to her valuable Yahoo stock holdings, Mayer also collects a $1 million base salary with the potential of getting a cash bonus as high as $2 million this year. Last year Mayer received a $1.12 million cash bonus for her initial six months as Yahoo’s lead executive. Altogether, Marissa Mayer has amassed $60 million worth of shares of restricted stock from Yahoo. However, nearly half of the value of Mayer’s stock holdings can be directly attributed to her stewardship of Yahoo, since share prices have risen 46 percent since she was named CEO of the company eight months ago.
Yahoo! Inc. shares closed up 0.88 percent at $22.90 this Friday. The chart below shows Yahoo stock movement since Mayer became CEO in July.