You’re watching the Financial News Network at fnno.com, I’m Julia Sun. While the beautiful engineer Marissa Mayer is settling at the CEO seat at Yahoo, the company showed investors how much it had to pay for this top talent, and it exceeds the pay of CEOs before her, such as Carol Bartz and Scott Thompson. Ms. Mayer is getting a $1 million annual base salary with 2012 bonus between $2 and $4 million. The bulk of the compensation is in the equity. According to public disclosure, Ms. Mayer is eligible for annual equity awards valued at $12 million, make-whole stock units of $14 million, retention equity award of $30 million and long-term equity grants of $12 million each year starting from 2013. All together, this package may be worth up to $100 million over the next 5 years. Allow me to say I love Marissa Mayer for who she is and what she has done as a brilliant engineer. We don’t know how well she performs as CEO – do you think she is worth this package? Please send in your comments to our show, or you can tweet us @FNNOnline. I’m Julia Sun for the Financial News Network, follow us for the latest business news on the go.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up