Yahoo CEO Mayer Gets 32% Lower Total Compensation Of $24.94 Mln In 2013

(RTTNews) - Internet giant Yahoo!, Inc.'s (YHOO) revealed in a regulatory filing on Wednesday that President and Chief Executive Officer Marissa Mayer received a 2013 total compensation that was 32 percent lower than last year.

Mayer's stock awards plunged 76 percent from 2012, while all other payments increased as the 2012 compensation was calculated for just over five months only as she joined the company in mid-July 2012.

The Sunnyvale, California-based company revealed this in a definitive proxy statement filed with the U.S. Securities and Exchange Commission on Wednesday.

Mayer, who has led Yahoo for nearly two years, received a total compensation of $24.94 million, including base salary, stock grants and incentives in 2013, compared to the $36.62 million he received last year, which included hefty stock awards to partially compensate her for forfeiture of compensation from her previous employer, Google, Inc. (GOOG).

The total compensation received by Mayer in 2013 includes $1.00 million as base salary, $2.50 million as bonus, $8.31 million as stock grants, $13.85 million as stock option awards, non-equity incentive plan compensation of $1.7 million, and all other compensations of 0.74 million.

Mayer, one of the earliest employees of arch rival Google, joined the company in mid-July 2012 as president, CEO and as a director of the company. She joined Yahoo after a 13-year stint at Google, where she was a long-time executive and key spokesperson for Google.

Previously, Mayer served as vice president of local, maps, and location services at Google. She also served as Google's vice president of search products and user experience, as well as in a variety of other capacities after joining Google in 1999.

Under Mayer's leadership, the Yahoo stock price has increased 140 percent since her appointment date of July 17, 2012. The company is focused immediately on creating a more performance-oriented culture to meet the board's vision for long-term growth.

The company revealed in the filing that Mayer has revitalized its employee base, continued to build her leadership team, increased the pace of product innovation and refreshes, spearheaded the acquisition of Tumblr, and attracted new customers to increase traffic.

In late-January, a release by Wealth-X showed that Mayer is estimated to have a net worth of $310 million, based on her assets as well as shares and options in Yahoo.

Mayer's net worth was estimated based on her holdings in public and private companies as well as residential and passion investments such as art, planes and real estate. And the calculation is based on the most recent publicly available disclosure of her shares and options in Yahoo.

Meanwhile, the filing also shows a 20 percent decline in total 2013 compensation for Chief Financial Officer Ken Goldman to $5.99 million from last year's $7.48 million. He also joined Yahoo only in October 2012, and received compensation for just over two months in 2012.

YHOO closed Wednesday's regular trading session at $36.35, up $2.14 or 6.26% on a volume of 61.60 million shares.