Swisher Says Yahoo! (YHOO) Paid 'Big, Big Bucks' for Marissa Mayer

July 19, 2012 3:47 PM EDT Send to a Friend
Get Alerts YHOO Hot Sheet
Trade YHOO Now!
According to AllThingsD's Kara Swisher, Yahoo! (Nasdaq: YHOO) paid "big, big bucks" to hire former Google exec Marissa Mayer. Swisher cited a source on the Yahoo! Board of Directors.

Apparently Mayer's compensation was a "hotly debated" issue prior to a decision. Some Board members questioned whether Mayer will turn out to be worth the large sum.

Yahoo! shares are up very modestly (about 10 cents) since the Mayer news.


Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here



You May Also Be Interested In


Related Categories

Management Changes, Rumors

Add Your Comment