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Yahoo CEO's compensation jumps 69% to US$42.1m
[NEW YORK] Yahoo! Inc Chief Executive officer Marissa Mayer's total compensation rose 69 per cent to US$42.1 million last year as she worked on a turnaround of the Web portal.
Most of the package came from stock and option awards during the year, according to a filing Wednesday with the US Securities and Exchange Commission. Yahoo's rising stock price helped drive the value of Ms Mayer's compensation, the company said.
While some of the grants came in 2012 and 2013, they must be considered 2014 grants under compliance rules, Yahoo said.
Ms Mayer's stock options were valued in the filing at US$28.2 million and can be exercised at US$18.87 a share, which was the price given for options granted in 2012. Yahoo shares closed at US$43.28 in New York trading today, giving the options a value of US$31 million.
Her awarded pay package, which measures what the compensation was worth at the end of fiscal 2014, totaled US$59.1 million, according to the Bloomberg Pay Index.
Sarah Meron, a spokeswoman for Yahoo, didn't immediately respond to e-mails and phone calls after business hours seeking comment.