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Marissa Mayer poses at Google's Mountain View, California headquarters, in this February 24, 2009, file photo. Mayer, who at the time served as Google's vice president of Search Products & User Experience, was named as Yahoo's CEO in a surprise announcement on July 16, 2012. (NOAH BERGER/Reuters)
Marissa Mayer poses at Google's Mountain View, California headquarters, in this February 24, 2009, file photo. Mayer, who at the time served as Google's vice president of Search Products & User Experience, was named as Yahoo's CEO in a surprise announcement on July 16, 2012. (NOAH BERGER/Reuters)

Mayer gets $70-million pay package to lead Yahoo Add to ...

New Yahoo Chief Executive Marissa Mayer’s compensation package could total more than $70-million (U.S.) in salary, restricted stock, and stock options over five years, according to a regulatory filing made by the company Thursday.

Ms. Mayer’s pay package is broken out into $1-million in annual salary and $42-million in stock options and other awards, as well as $14-million in “make whole restricted options” for forfeiture of compensation from Google Inc.

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

Yahoo’s hiring of Ms. Mayer as CEO from Google earlier this week caught analysts, investors, and even some employees by surprise. Ms. Mayer, 37, edged out presumed front-runner and acting CEO Ross Levinsohn to become Yahoo’s third CEO in a year.

Industry observers believe Ms. Mayer’s selection over Mr. Levinsohn is a signal that Yahoo is likely to renew its focus on Web technology and products rather than beefing up online content.

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