Yahoo’s new CEO Marissa Mayer will take home a base salary of $1 million.
Yahoo filed its employment offer for the its new CEO — and expectant mother — with the SEC on Thursday.
While Mayer’s base salary will start at $1 million a year in 2012, the former Googler can earn a maximum of 400% of that salary in bonuses in 2012, assuming she exceeds targeted milestones.
In addition to her base pay, Mayer is also walking away with $12 million in Yahoo stock and an additional $14 million for the stock she was unable to vest at Google.
Moreover, the letter states that Yahoo will offer Mayer a big incentive for staying on for five years: $30 million in stock, $15 million of which will be fully vested at that time.
All-in-all, Mayer’s total pay package, including stock options, has the potential to be be nearly $60 million.
The offer letter mentions 20 days of vacation, but makes no mention of maternity leave.