-By Warner Todd Huston
Former Google Vice President Marissa Mayer is set to rake in a million dollars a year and more than ten times that in stock options if she can stick it out for three years as the new Yahoo! chief executive.
As the announcement of Mayer’s ascension to the position broke, industry watchers learned that, along with her $1 million per year salary, she will get a $2 million per year cash bonus if the Internet company reaches earnings goals. She will also get $12 million in Yahoo! stock after a three year vestment period not to mention a $30 million one-time award of stock after a five-year vestment.
Mayer will also reportedly get a $14 million bonus of stock to make up for compensation she’ll lose as a top Google employee. Mayer was one of the earliest employees Google hired.
It may be a bit tough for Mayer to realize all these fantastic “one percenter” riches, though. Yahoo! has gone through five chiefs in just the last year as earnings continue to disappoint.
As it happens, Mayer is also quite a supporter of Mr. Obama and his Democrat cohorts. A quick search of OpenSecrets.org shows that Mayer has given in excess of $42,000 to such recipients as Barack Obama, the Democratic National Committee, and Maine Senator Olympia Snowe.
No word if Mayer feels she built that fortune one her own or if somebody else made that happen?
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“The only end of writing is to enable the reader better to enjoy life, or better to endure it.”
–Samuel Johnson
Warner Todd Huston is a Chicago based freelance writer. He has been writing opinion editorials and social criticism since early 2001 and before that he wrote articles on U.S. history for several small American magazines. His political columns are featured on many websites such as Andrew Breitbart’s BigGovernment.com, BigHollywood.com, and BigJournalism.com, as well as RightWingNews.com, RightPundits.com, CanadaFreePress.com, StoptheACLU.com, AmericanDaily.com, among many, many others. Mr. Huston is also endlessly amused that one of his articles formed the basis of an article in Germany’s Der Spiegel Magazine in 2008.
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