Yahoo's Mayer Has Huge Compensation Package

12/13/2015

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1
  • Yahoo CEO Marissa Mayer has a huge pay package, although her company's share price has slumped, reports Bloomberg News.
  • 2
  • She is the 23rd-highest paid executive of 200 on the Bloomberg Pay Index.
  • 3
  • Top executives often receive a pay, or compensation package that includes cash,
  • 4
  • with options to buy stock in their company, known as "stock options."
  • 5
  • The shares of her company, Yahoo! Inc., are down more than nine percent since February 2014.
  • 6
  • But her stock options are still worth $14 million after the stock slide, according to Bloomberg.
  • 7
  • This is because the options given to her in 2014 are valued at the company's share price 15 months earlier.
  • 8
  • Stock and options are given to executives to motivate them.
  • 9
  • If the company does well, the stock and options are more valuable.
  • 10
  • Both Mayer and the other shareholders earn more.
  • 11
  • Stock options are often tied to performance goals.
  • 12
  • But Mayer's stock option arrangement is unusual.
  • 13
  • Only one other CEO in the Bloomberg Pay Index "benefits from such a structure," wrote Bloomberg.
  • 14
  • Alan Johnson is managing director of compensation consulting firm Johnson Associates.
  • 15
  • He told Bloomberg that Mayer's compensation has "been a windfall for her."
  • 16
  • Yahoo hired Mayer to revamp the struggling website company.
  • 17
  • The stock climbed 123 percent under her leadership.
  • 18
  • That was partly because Yahoo has a stake, or part, in Chinese e-commerce giant Alibaba Group Holding Ltd., reports Bloomberg.
  • 19
  • Mayer has "struggled to show headway turning around Yahoo's own business," reports Bloomberg.
  • 20
  • In 2014, Mayer's total pay, including cash and stock, increased 69 percent to $42 million, according to Yahoo.
  • 21
  • She received stock valued at about $11.8 million and options valued at $28.2 million.
  • 22
  • Yahoo's board praised her performance in 2014.
  • 23
  • "Ms. Mayer provided strong leadership overall to the company," the board said in a statement.
  • 24
  • "She significantly improved the company's reputation and revitalized the company's employee base."
  • 25
  • Last week, Yahoo's board decided not to move forward with a spin-off of its $32 billion stake in Alibaba, according to the New York Times.
  • 26
  • The stake in Alibaba is Yahoo's most valuable asset.
  • 27
  • Instead, the board announced that Yahoo would pursue a spinoff of its core Internet business.
  • 28
  • Mayer's leadership of Yahoo has come into question at a time when the company seems to be in a slump.
  • 29
  • "Yahoo's core Internet operations are struggling,
  • 30
  • even though Ms. Mayer has made dozens of acquisitions, added original video and magazine-style content, and released new apps," reports the New York Times.
  • 31
  • I'm Mary Gotschall.
  • 1
  • Yahoo CEO Marissa Mayer has a huge pay package, although her company's share price has slumped, reports Bloomberg News.
  • 2
  • She is the 23rd-highest paid executive of 200 on the Bloomberg Pay Index. Top executives often receive a pay, or compensation package that includes cash, with options to buy stock in their company, known as "stock options."
  • 3
  • The shares of her company, Yahoo! Inc., are down more than nine percent since February 2014. But her stock options are still worth $14 million after the stock slide, according to Bloomberg. This is because the options given to her in 2014 are valued at the company's share price 15 months earlier.
  • 4
  • Stock and options are given to executives to motivate them. If the company does well, the stock and options are more valuable. Both Mayer and the other shareholders earn more.
  • 5
  • Stock options are often tied to performance goals.
  • 6
  • But Mayer's stock option arrangement is unusual.
  • 7
  • Only one other CEO in the Bloomberg Pay Index "benefits from such a structure," wrote Bloomberg.
  • 8
  • Alan Johnson is managing director of compensation consulting firm Johnson Associates. He told Bloomberg that Mayer's compensation has "been a windfall for her."
  • 9
  • Yahoo hired Mayer to revamp the struggling website company. The stock climbed 123 percent under her leadership. That was partly because Yahoo has a stake, or part, in Chinese e-commerce giant Alibaba Group Holding Ltd., reports Bloomberg.
  • 10
  • Mayer has "struggled to show headway turning around Yahoo's own business," reports Bloomberg.
  • 11
  • In 2014, Mayer's total pay, including cash and stock, increased 69 percent to $42 million, according to Yahoo. She received stock valued at about $11.8 million and options valued at $28.2 million.
  • 12
  • Yahoo's board praised her performance in 2014.
  • 13
  • "Ms. Mayer provided strong leadership overall to the company," the board said in a statement. "She significantly improved the company's reputation and revitalized the company's employee base."
  • 14
  • Last week, Yahoo's board decided not to move forward with a spin-off of its $32 billion stake in Alibaba, according to the New York Times. The stake in Alibaba is Yahoo's most valuable asset. Instead, the board announced that Yahoo would pursue a spinoff of its core Internet business.
  • 15
  • Mayer's leadership of Yahoo has come into question at a time when the company seems to be in a slump.
  • 16
  • "Yahoo's core Internet operations are struggling, even though Ms. Mayer has made dozens of acquisitions, added original video and magazine-style content, and released new apps," reports the New York Times.
  • 17
  • I'm Mary Gotschall.
  • 18
  • Mary Gotschall adapted this story from various sources for Learning English. Kathleen Struck was the editor.
  • 19
  • Do you have an opinion about this topic? Let us know what you think in the Comments section below, or on our Facebook page.
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  • _______________________________________________________________
  • 21
  • Words in This Story
  • 22
  • compensation - n. payment given for doing a job
  • 23
  • slump - v. to decrease suddenly and by a large amount
  • 24
  • motivate - v. to give (someone) a reason for doing something
  • 25
  • windfall - n. an unexpected amount of money that you get as a gift, prize, etc.
  • 26
  • revamp - v. to make (something) better or like new again
  • 27
  • headway - n. to move forward or make progress
  • 28
  • reputation - n. the common opinion that people have about someone or something : the way in which people think of someone or something
  • 29
  • revitalize - v. to make (someone or something) active, healthy, or energetic again