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Yahoo's Mayer got $36.6 million in 2012 compensation

6:27 AM, May 1, 2013   |    comments
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Marissa Mayer may not have had nearly the year that fellow ex-Google executive Sheryl Sandberg had. But by most standards, the Yahoo CEO did OK for herself on the compensation front.

Mayer, named CEO at Yahoo in July, received 2012 compensation valued at $36.6 million, the Internet giant said in a Tuesday proxy filing. That includes $458,000 in salary and $35 million in restricted shares that vest by 2017.

Yahoo spent heavily to recruit Mayer -- at 37, the youngest CEO of a Fortune 500 company. The company said it paid her a one-time retention award valued at $30 million, a one time "make-whole" award valued at $14 million to cover lost compensation at Google and future annual stock awards of $12 million. Mayer will also receive $1 million in salary this year and a bonus of up to $2 million.

While Mayer made waves for banning most employees from telecommuting, shareholders have little to complain about. Yahoo is up nearly 60% since Mayer was hired.

Mayer replaced Scott Thompson, who was forced out of the company after just four months for embellishing his resume. Thompson had replaced Carol Bartz, fired in 2011.

While Facebook shares are down nearly 30% since a May IPO, Sandberg is a clear winner on the compensation front. Facebook said last week that the Facebook COO gained $821 million from previously awarded shares that vested last year. That's on top of $26 million in pay and other compensation.

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