Yahoo Inc. Chief Executive Marissa Mayer received $26.9 million
in compensation last year, down from $36.6 million in 2012,
according to a regulatory filing by the company Wednesday.
While her base salary more than doubled to $1 million, her stock
awards fell to $8.3 million from $35 million in 2012.
The company separately announced the nomination of three new
board members, which shareholders will vote on at the company's
annual meeting in June. The nominations include Yahoo co-founder
David Filo, Charles Schwab Corp. Chairman Charles R. Schwab, and
former Wal-Mart Stores Inc. Chief Executive H. Lee Scott Jr.
The addition of the trio of nominees "adds significant depth and
breadth of experience to the Yahoo boards," said Ms. Mayer.
Meanwhile, Wednesday's filing comes a day after the company
reported that it was growing for the first time in more than a
year. Yahoo on Tuesday reported its revenue, minus commissions paid
to partners for Web traffic, rose 1% in the first quarter after
four straight quarters without growth. Meanwhile, revenue from
display ads, excluding the traffic costs, increased 2% to $409
million.
Yahoo's growth, however small, is a positive mark for Ms. Mayer,
who has faced scrutiny over her inability to jump-start the
company's ad revenue. Since taking over as CEO nearly two years
ago, Ms. Mayer has updated popular sites such as Flickr and Yahoo
Finance, created splashy online magazines and slick mobile apps,
and acquired dozens of small startups to inject talent into the
aging Internet giant.
On Wednesday, Yahoo reported that total compensation for Chief
Financial Officer Ken Goldman also declined, also primarily due to
lower stock awards. Mr. Goldman received about $6 million in total
compensation last year, compared to $7.5 million in 2012.
Write to Anna Prior at anna.prior@wsj.com
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