Yahoo! boss coins $36m after half a year's work

02 May 2013 - 02:30 By Sapa-AFP and Telegraph
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Yahoo! chief executive Marissa Mayer has given special incentives to staff who have babies or adopted kittens
Yahoo! chief executive Marissa Mayer has given special incentives to staff who have babies or adopted kittens

Yahoo! chief executive Marissa Mayer received $36.6-million in pay, bonuses and stock last year after just six months at the helm of the internet firm, with some of that time spent on maternity leave.

Mayer's basic pay of $454 862 was fattened with a $1.12-million performance bonus and about $35-million in stock, according to a filing with the US Securities and Exchange Commission.

Mayer's annual basic salary this year will be $1-million. She is also eligible for many times that amount in stock and bonuses if she hangs on to the post.

Mayer will, from this year, also be eligible to enjoy benefits generally available to other top Yahoo! executives, such as 20 days' annual vacation .

In addition to her annual salary, she will receive a $2-million yearly cash bonus if Yahoo! hits financial performance marks, according to the filing.

Mayer - one of Google's first employees - became one of the most prominent women in Silicon Valley when she was appointed Yahoo! chief executive in July.

She was the first woman engineer at Google and among its highest-ranking executives when she left for the Yahoo! post.

Mayer, 38, gave birth to her first child in October.

It was announced earlier this week that the company will give gifts to employees who have babies or adopt puppies and kittens as part of a campaign to bolster morale at the internet company.

"We've been very focused on making Yahoo! the absolute best place to work," a spokesman for the company said.

The latest employee benefits were aimed mostly at fledgling parents.

''New child leave'' was extended to eight weeks and Yahoo! will allow employees to spend up to $500 on 'daily habits', such as food, laundry, takeaways and childcare.

Yahoo! will also give employees gift packages for babies or new cats or dogs taken into homes.

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