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

July 19, 2012 3:47 PM EDT
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.

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