Yahoo, Google CEOs get a salary hike & it's huge

BANGALORE, INDIA: Yahoo chief Marissa Mayer has got a fat salary pack of $36.6 million after just six months in the office. Though she joined last year, some of that time was spent on maternity leave.

According to an AFP report, Mayer's base pay of $454,862 was fattened with a $1.12 million performance bonus and about $35 million in stock, according to a filing Tuesday with the US Securities and Exchange Commission.

In addition to a $1 million annual salary, Mayer will get $2 million yearly in bonus cash if Yahoo hits financial performance marks, according to paperwork filed with the SEC.

Meanwhile, Google Inc's executive chairman Eric Schmidt got a bump in annual salary to $1.25 million. That is a huge hike from the $1 he received in the previous year, after he became the executive chairman of the company in April 2011.

A Reuters report said that Schmidt's total compensation last year swelled to $101 million thanks to a previously announced equity award granted when he ended a 10-year stint in the top job at Google, according to a filing with the U.S. Securities and Exchange Commission.

Google co-founder Larry Page, who took the CEO reins from Schmidt, and co-founder Sergey Brin each received a $1 base salary in 2011, the same salary they have received every year since 2004. Including holiday bonuses, the two co-founders each received a total compensation of $1,786 in 2011.

According to Glassdoor, a career website, which culled data from 3 million salary reports, at more than 210,000 companies has found Google had the highest average base salary for software engineers at $128,336. Facebook came in at number two with a base salary of $123,626.