Unusual options buoy Mayer's pay as Yahoo shares continue to waver

Mayer is the 23rd-best-paid executive on Bloomberg’s compensation ranking

13th December, 2015
Salesforce founder Marc Benioff was talking during the Fortune Global Forum last month

When Salesforce founder Marc Benioff said last week that Marissa Mayer had a "great pay package", it may have been an understatement.

Shares of her company, Yahoo, are down more than 10 per cent since February 2014, but her stock options granted at that time are still in the money.

That’s because the strike price on the options, the biggest portion of her $42.1 million package that year, was set 15 months earlier when she was just...

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