Yahoo! CEO Marissa Mayer Wants Twitter's Katie Jacobs Stanton
Marissa Mayer, Chief Executive Officer of digital media company Yahoo! (NASDAQ: YHOO), wants Twitter's Head of International Markets, Katie Jacobs Stanton, to come in and handle media according to AllThingsD.
Mayer certainly needs to recruit some talent; Benzinga reported on Monday that VP Jim Heckman has left the company just three weeks after Mayer's arrival.
His departure follows that of former interim CEO Ross Levinsohn, who was passed up for the top job in July. Heckman's move was not a shock, as he was seen as being aligned closely with Levinsohn.
Attention may now shift to others seen as being close to the former interim chief. That may include Michael Barrett, who had been hired as chief of revenue in June. Barrett was perhaps Levinsohn's most high-profile hire when he was at the helm.
Despite these erstwhile management decisions, many people might find themselves disgruntled by the recruitment of Mayer, which may have something to do with her salary.
Mayer's compensation comes in the form of her annual paycheck, stock options, bonuses and retention awards. Her compensation is expected to begin with $5.4 million for the remainder of 2012. She will earn "around $20 million a year after that," The Wall Street Journal reports, "though some of that amount is tied to performance targets set by the board."
Mayer's earnings could outshine two of Yahoo's former CEOs Scott Thompson and Carol Bartz, who according to The Wall Street Journal, earned $27 million and $44.6 million, respectively.
Yahoo's compensation package includes restricted stock units that are valued at $14 million. These units have been awarded to her to make up for any compensation she had to forfeit when she left Google (NASDAQ: GOOG), her former employer. Mayer is famous for being the 20th employee at Google, as well as the first female engineer that the company hired. She most recently served the company as the Vice President of Local, Maps and Location Services.
The recruitment of Stanton would be seen as a coup for Mayer; according to Fox Business, "Stanton was the key driving force in creating Yahoo Finance, perhaps its most powerful content site, which she worked there from 1999 to 2002."
Stanton knows her stuff, and Mayer certainly needs people that she can trust right now.
On Friday, Yahoo traded flat at about $16.
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