Boston, MA 05/02/2013 (wallstreetpr) – In 2012, Marissa Mayer the Chief Executive Officer of the largest web portal in the United States, Yahoo! Inc (NASDAQ:YHOO) (Closed: $24.30, Down by 1.74%), was paid a total compensation of $36.6 million. According to the filing with the United States Securities and Exchange Commission, she received a salary of $454,863, stock awards worth $35 million as well as a bonus that amounted to $1.12 million. Yahoo said that in addition to this, she also received $40,540 as other compensation. This is inclusive of charitable matching contributions, personal security services and life- insurance premium.
The much-needed change
The Sunnyvale, California-based Yahoo had hired Marissa Mayer in 2012 July. At that point of time the company had gone through a major upheaval in terms of management changes. The company needed someone with dynamism and a unique approach to turn it around. Since she joined Yahoo, Mayer has trained her energies and efforts on holding onto talented employees and recruiting new ones. She has launched new products and introduced new deals to bring about a change in the company’s standing.
A matter of performance
Yahoo has been facing tough competition from the big players such as Google Inc (NASDAQ:GOOG) (Closed: $820.43, Down by 0.50%) and Facebook Inc (NASDAQ:FB) (Closed: $27.43, Down by 1.22%). The company finally seems to be taking a positive turn and it looks that it will eventually manage to gain a stronger footing in the unforgiving internet market space. Since Mayer assumed the CEO post in July 2012, the company stock has risen by 59 percent.
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