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Yahoo CEO Marissa Mayer’s pay package could reach $59m

NEW YORK — Yahoo is giving its new chief executive Marissa Mayer a compensation package worth up to $59 million over the next several years.

Yahoo Inc. said in a regulatory filing Thursday that Mayer will receive an annual salary of $1 million.

She is also eligible for a $2 million bonus and $12 million in restricted stock and stock options that will vest over several years.

Meyer, 37, who was lured away from Google Inc., will also receive $30 million in the form of a one-time retention award if she stays at Yahoo for 5 years.

Yahoo said it will also give Mayer restricted stock valued at $14 million to partially compensate her for forfeiting money she would have received at Google.