March 8, 2013 at 1:23 PM ET
Yahoo CEO Marissa Mayer received a $1.1 million bonus for her first five-and-half months running the Internet company, during which time the company's stock gained 46 percent.
The award disclosed Wednesday in documents filed with the Securities and Exchange Commission supplements Mayer's annual salary of $1 million and $56 million in long-term stock compensations that she received after Yahoo Inc. lured her away from Google Inc. to become its CEO last July. The amount included $14 million in stock to offset the loss of money that she would have received had she remained at Google.
The 37-year-old Mayer is eligible for an annual bonus of up to $2 million. Yahoo adjusted last year's bonus to reflect that Mayer spent less than half the year as CEO.
To put this into perspective, the highest-paid CEO in America last year, according to CNBC, was Honeywell International's David Cote, who received average compensation of $25 million. Cote has been with Honeywell since 2002.
Earlier this week, Ford Motor Co awarded CEO Alan Mulally performance bonuses worth almost $12 million. Mulally has been at the helm of Ford since 2006 and has led the company's turnaround.
The Associated Press contributed to this report.