By Josh Beckerman
Yahoo Inc. said Chief Executive Marissa Mayer's compensation
last year was valued at $42.1 million, up from $24.9 million in
2013.
Ms. Mayer's base salary remained at $1 million.
The 2014 total included $11.8 million of stock awards, $28.2
million of option awards and $1.1 million of non-equity
incentive-plan compensation.
Yahoo noted that it delivered significant returns to
shareholders last year and said its focus on mobile growth "paid
off in 2014."
However, Yahoo said its executives' incentive awards, including
their annual cash bonuses and their equity awards tied to 2014
performance, paid out or vested "at significantly less than their
target levels because rigorous annual financial goals were not
fully met."
Yahoo's compensation committee set 2014 targets for overall
revenue of $5 billion and mobile revenue of $500 million. Based on
the company's adjusted total revenue of $4.59 billion and adjusted
mobile revenue of $549 million, Yahoo exceeded one target and fell
short of another.
Chief Financial Officer Ken Goldman's total compensation was
valued at $13 million, up from $6 million in 2013. Mr. Goldman's
base salary remained at $600,000.
Last week, Yahoo reported first-quarter profit and revenue
results below analysts' estimates. Revenue from display
advertisements and search ads both fell for the first time in
years.
Investors are scrutinizing Yahoo's core business more closely as
the company prepares to spin off its shares of Chinese e-commerce
giant Alibaba Holding Group Ltd. in a transaction scheduled for
later this year.
Write to Josh Beckerman at josh.beckerman@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires