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Yahoo’s new CEO to get $1 million and total $27 million this year

Deepanker Verma January 7, 2012 Internet

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Few days back, Yahoo got its new CEO Scott Thompson. For the new CEO Yahoo has decided the payscale and all other commissions. Scott Will get $1 million as his salary with upto $2 million as a cash bonus. He will also get stock awards that could be worth as much as $22.5 million.

The stock awards could be worth more or less, depending how Yahoo’s long-slumping shares fare under Thompson’s leadership.

Thompson received a $10.4 million compensation package at PayPal in 2010. It included a $645,000 salary. EBay hasn’t yet revealed how much it paid Thompson last year.

Thompson is assigned as a new CEO of the Yahoo which struggling and loosing market share with Google. As a new CEO, it will be a challenging task for Thompson to get better results in less time.

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About the Author: Deepanker Verma

Deepanker Verma is the Founder and Editor-in-Chief of TechloMedia. He holds Engineering degree in Computer Science and has over 15 years of experience in the technology sector. Deepanker bridges the gap between complex engineering and consumer electronics. He is also a a known Security Researcher acknowledged by global giants including Apple, Microsoft, and eBay. He uses his technical background to rigorously test gadgets, focusing on performance, security, and long-term value.