Yahoo CEO Marissa Mayer received a $1.1 million bonus for her first five-and-half months running the Internet company.
The award disclosed Wednesday supplements Mayer’s annual salary of $1 million and $56 million in long-term stock compensations that she received after Yahoo lured her away from Google to become its CEO last July. The amount included $14 million in stock to offset the loss of money that she would have received had she remained at Google.
The 37-year-old Mayer is eligible for an annual bonus of up to $2 million. Yahoo adjusted last year’s bonus to reflect that Mayer spent less than half the year as CEO.
Yahoo shareholders are unlikely to quibble with Mayer’s bonus. The company’s stock has risen by 46 percent since Mayer became the boss.
It seems that, compared to the other CEOs, Mayer’s income (annual salary: $1 million; annual bonus: up to $2 million; and long-term stock compensations: $56 million) is very low. Thanks to her “right” decisions (most of them are in fact against the Yahoo users and employees, but) the stock has risen sharply.
Marissa Mayer Got It Right — You Can’t Fix A Broken Culture When People Aren’t In The Office
by Max Nisen
http://www.businessinsider.com/marissa-mayer-work-form-home-culture-2013-3
Marissa Mayer has faced a great deal of criticism for her decision to end remote work at Yahoo!, despite the fact that many at the company acknowledged it was a big issue.
According to Tom Gimbel, CEO and founder of LaSalle Network, a Chicago-based staffing and recruiting firm, not only was it the right decision, the critics are off base. It’s been turned into a “jobs issue,” about taking away workers’ privileges or disdaining working mothers, when it should be about a company that’s in deep trouble.
“They’re viewing this as a jobs issue, that somehow Marissa believes that working remotely is bad,” Gimbel said. “What this is, is a corporate turnaround and a culture change for a broken company.”
Everybody is looking to Yahoo! like its some kind of trend-setter or that Mayer’s taking a personal stand against remote workers. But it’s just a reaction to their particular issues. “If she had gone into Yahoo! and they were the leader instead of at the bottom of the category, it wouldn’t be an issue.’ Gimbel says. “It’s an issue because Yahoo!’s been a laggard for a long, long time and needs a culture shift.”
When an entire company’s struggling and needs to change its culture, you need their physical presence. “Camaraderie is built by working together. You wouldn’t have a basketball team and have 5 players working in separate gyms on their jump shots.” Gimbel said. “They might be better shooters but they wouldn’t know how to work together.”
No one would argue that they would rather not have their best people in close proximity to their bosses and colleagues. “That’s just not a logical thought process,” Gimbel says.
It’s a mistake to focus on what’s being taken away, Gimbel argues. Mayer’s actually giving people something: the chance to help save the company. She wants the people who are truly committed, her best people, all in the same place at the same time helping to transform the company.