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.