Yahoo CEO Mayer stands to make over $40 million

Thu Jul 19, 2012 5:50pm EDT

Marissa Mayer during a news conference in San Francisco, California September 8, 2010. REUTERS/Robert Galbraith

Marissa Mayer during a news conference in San Francisco, California September 8, 2010.

Credit: Reuters/Robert Galbraith

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(Reuters) - Marissa Mayer, Yahoo Inc's new chief executive officer will make $1 million in annual salary, $12 million in restricted stock and stock options, and one-time retention and performance awards of $30 million vesting over five years.

As Google Inc's first female engineer and one of the earliest employees, Mayer's net worth is already estimated to be as much as $300 million.

(Reporting By Jennifer Saba; editing by Andre Grenon)

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