Yahoo's offer letter to Mayer, filed Thursday afternoon, revealed the following details:
Base salary: $1 million
Bonus: $2 million to $4 million
Equity awards: $12 million
Make-whole payment (for stock left behind at
Retention: $30 million
The 37-year-old former
Within hours of her CEO announcement, Mayer also said that she and her husband, investor Zachary Bogue, were expecting their first child, a boy, in October. Mayer said Yahoo directors knew about her pregnancy during the hiring process. She plans to take a short maternity leave and has pledged to work through it.
Mayer's appointment came as a surprise: Yahoo interim CEO Ross Levinsohn, a media veteran, was widely expected to be named the permanent chief executive. Levinsohn has yet to announce whether he plans to stay with the company.