Yahoo! Inc. (NASDAQ:YHOO) CEO has been awarded $1.12 million bonus and restricted stock worth $13.3 million for her five and a half-month job at the company’s helm in 2012, according to an SEC filing on Wednesday. Mayer, who joined the Internet giant in July 2012, will receive a $1 million base salary in 2013, unchanged from her last year’s salary. She will also get a cash bonus of up to $2 million in the current year.
The restricted stock consisted of 585,000 shares. Mayer has already received 2.1 million Yahoo! Inc. (NASDAQ:YHOO) shares worth $47.2 million. Under her employment agreement with Yahoo!, she got Yahoo stock worth $15 million in retention bonus, $15 million in performance based stock options, and $14 million worth of stock to make up for the money she lost while leaving Google Inc (NASDAQ:GOOG) for Yahoo! Inc. (NASDAQ:YHOO).
Ever since she took the top job at Yahoo, Mayer has been watched closely. The company recorded better than expected earnings in the first two quarters of her tenure. Marissa Mayer has also announced turnaround revenues that are expected to boost revenues. When she came, Yahoo had an ailing business model, and the Internet firm had failed several times in key areas.
Mayer has tried to change the company’s culture. The 37-year old Yahoo CEO recently said that mobile and search were the key sectors Yahoo will focus. The former Google Inc. (NASDAQ:GOOG) has extensive experience in the search business as she once headed Google’s search product. Additionally, Mayer said the company needed to overhaul its mail service and home page. She very well knows inside tricks of Google that can give Yahoo an edge over Google.
Marissa Mayer also asked the entire Yahoo! Inc. (NASDAQ:YHOO) team to analyse and understand the different mobile platforms of its rivals.
However, Marissa Mayer recently received widespread criticism over her policy against work-at-home employees.
Yahoo! Inc. (NASDAQ:YHOO) shareholders are unlikely to bicker with Marissa’s bonus, as the company’s shares have risen 46 percent since she joined the firm. Yahoo! shares were up 1.10 percent to $23.80 in early trading.