14 DAY TRIAL // An unwritten rule to receiving gifts is that you should say thank you politely and smile, and after that you can do with it what you please, either throw it away or use it, or, even better, exchange it for its intrinsic value in cash. Susan Decker doesn't have to worry about these problems, her "gift" is hard currency and, oh, it's a lot of it.
Her raise came as a result that she has been promoted from chief financial officer of Yahoo to full time president. The filing with the United States' Securities and Exchange Commission on Friday saw her salary jump from 500 grand to 815 grand, just like that. But, wait, don't slap your forehead and think of how much your salary rose when you were last promoted, there's more to it. Her annual target cash bonus will be 150 percent of her base salary, up to a whooping $1.2 million. Something tells me that she's going to make the full bonus, or else she wouldn't be where she is right now doing what she does.
Did I say I was finished with the benefits that her promotion brought to her? If I did, I must have been mistaken; Susan has also been granted a stock option in order to purchase 300,000 shares at an exercise price of $26.20 each and 200 thousand of restricted stock units. It's not like it's Google stock, but still!
At the rate people have been leaving Yahoo!, I should be inclined to think that this is the extra capital left after the leavings, but I know that isn't true. Decker has been named president in June, in a managerial reorganization that saw co-founder Jerry Yang replacing Terry Semel at the helm of the Sunnyvale based company.
Ok, time to start spending some of that imaginary money that I just borrowed from my ever-so-rich imagination. What will it be this time, a boat or the option to buy all the bras in the world and burn them?