Marissa Mayer's net worth is already estimated to be as much as $300m. Photograph: Henny Ray Abrams/AP
Marissa Mayer could be in line for a package of almost $100m (£64m) after taking up the position of Yahoo chief executive, the company says.
Mayer's pay package is made up of $1m in annual salary, as much as $2m in an annual bonus, and $42m in stock options and other awards, as well as $14m in "make whole restricted options" for forfeiture of compensation from Google Inc. With the inclusion of some stock grants, Mayer could earn up to a total of $20m a year, or up to $100m over five years, a Yahoo spokeswoman told Reuters.
As the first female Google engineer and one of its earliest employees, Mayer's net worth is already estimated to be as much as $300m.
Yahoo's hiring of Mayer from Google earlier this week caught analysts and investors by surprise. Mayer, 37, edged out presumed frontrunner and acting chief executive Ross Levinsohn to become Yahoo's third CEO in a year.
Industry observers believe Mayer's selection over Levinsohn is a signal that Yahoo is likely to renew its focus on Web technology and products rather than beefing up online content.
Her appointment caps a tumultuous year at Yahoo. In May, Scott Thompson resigned as chief executive less than six months into the jobafter a controversy over his academic credentials. Thompson had replaced the controversial Carol Bartz, who was fired in September after failing to revitalise the company.
Thompson's total compensation at hire was valued at $27m. He got no severance but was able to keep the $7m in compensation he got for leaving Paypal. Bartz got more than $10m in severance when she was fired last year.
A self-described "geek" with a master's degree in computer science from Stanford University, Mayer started her new job on Tuesday, the same day Yahoo announced weak financial results, with flat net revenue and a slight decline in second-quarter profit.
Alhough she was on the company's sprawling Sunnyvale, campus in California, she did not participate in its earnings call. Levinsohn was also absent from the call, which was led by Yahoo's chief financial officer, Tim Morse.
Mayer joins Yahoo as something of a celebrity, having already established herself as one of Silicon Valley's leading women, both inside and outside of the office. She is known for her love of fashion and regularly appears on the society pages for hosting parties.
In 2009 she married real estate investor Zachary Bogue. Mayer tweeted that the couple expect their first child, a boy, in October.
Despite its leadership upheaval, Yahoo remains one of the world's most popular websites, with more than 700 million monthly visitors, according to the company.
But revenue growth has stalled amid an industry-wide decline in online display advertising prices and competition from Facebook Inc and Google.
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