Incoming Yahoo chief executive Marissa Mayer stands to make tens of millions of dollars in the coming years should she turn the embattled web giant around.
In a filing submitted to the SEC, the company revealed that it had awarded Mayer a series of stock equity awards and incentives package which could bring upwards of $70m in the coming years.
The filing, which includes a copy of the employment offer letter Yahoo presented to Mayer, details a series of both one-time grants and ongoing equity awards.
Under the terms of the letter, Mayer will make a base salary of $1m with incentives which could bring an additional $4m annually should the company meet certain performance benchmarks.
Additionally, the company will award Mayer a one-time stock package worth $30m as a 'retention equity award.'
Other incentives will include a series of annual equity awards which will add up to $12m and another series of restricted stock units worth $14m. An annual long-term equity grant could also bring Mayer at least $12m annually in future years.
Mayer, who was among the first employees hired at Google, is already said to have accumulated a net worth of several hundred million dollars through her stake in the search giant.
Mayer will become the latest executive to attempt a turnaround at Yahoo. The company has seen a string of short and tumultuous reigns including those of Jerry Yang, Carol Bartz and Scott Thompson.
New regulation expected to cut greenhouse gas emissions by about 17 million metric tonnes between 2020 and 2050
Molybdenum ditelluride is a two-dimensional material that can be easily stacked into multiple layers to create a memory cell
New light-guiding nanoscale device can control and monitor a nanoparticle trapped in a laser beam with high sensitivity
Optical traps are scientific instruments in which a focused laser beam is used to exert an attractive or repulsive force on a microscopic object to hold it in place
Scientists estimate that the exoplanet has already lost up to 35 per cent of its mass over its lifetime