Annual Meeting: June 24, 2015
Yahoo’s CEO Marissa Mayer’s pay for 2014 was $42.1 million, an increase of 69% from the prior year.
The following concerns may inspire shareholder to vote against pay at Yahoo:
- Exceedingly large package, several times the median pay, and disproportionate to any positive improvements in stock price.
- Stock price appears to be driven primarily by the sale of the company’s stake in Alibaba, and use of buybacks. The number of outstanding shares is now more than 20% lower than it was three years ago. Revenue has declined in each of the last three years.
- Lack of any semblance of internal pay equity. The next highest paid executive was paid $13 million, less than a third of what the CEO was paid. Other officers were paid significantly less. Such major gaps raise concerns regarding succession planning and retention.