Yahoo’s new chief financial officer is getting a big raise to join the struggling Internet company.
Ken Goldman, who will become Yahoo’s CFO next month, is starting out with an annual salary of $600,000 and could earn a bonus of up to $540,000, according to documents filed Wednesday. He is also getting restricted stock and stock options valued at $12 million.
The stock awards will gradually vest over the next three to four years, and could end up being worth more or less than $12 million. That depends on how Yahoo’s long-slumping stock fares under a new management team led by Marissa Mayer, who became the company’s CEO two months ago.
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