It’s official. New Yahoo CEO Marissa Mayer is making serious bank at the struggling tech giant.
All Things D wrote this afternoon that Mayer’s take could reach at least $60 million. The LA Times Business section took a look at the same numbers and came up with a much larger valuation of $129 million if she stays at the company for at least five years.
Our read of the offer letter comes up with the same number as All Things D, although the number would be higher if future annual bonuses are on a similar scale as the 2012 bonus. (Dear LA Times: I have some “beach-adjacent” property in Mexico I would like to sell you…)
“The pay package was hotly debated by the board as to whether the high-profile exec was worth the huge amount,” reported All Things D. “While Mayer is considered a talented tech exec, a very strong decision-maker, adept at product innovation, some of the board raised concerns about her, too.”
The biggest kicker in her package, which both news sources pointed out, is the one-time retention bonus of $30 million.
We already wrote about what Mayer could mean to Yahoo, but what about this payout? Is she worth it?
Here’s the text of Yahoo’s offer letter to Mayer.