Yahoo! (YHOO) CEO May Make Over $20 Million

Yahoo!’s (NASDAQ: YHOO) new CEO Scott Thompson could make as much as $20 million.

A document filed about his pay with the SEC shows

The Agreement provides that Mr. Thompson will receive an annual base salary of $1,000,000, subject to annual review, and will be eligible to receive an annual bonus under the Company’s annual Executive Incentive Plan with a target amount of 200% of base salary.

Mr. Thompson will also be eligible to be granted annual equity grants at the time grants are generally made to senior executives as determined by the Compensation Committee. He will receive an annual grant for 2012 with a target value of $11,000,000, which is expected to be granted in February 2012. In addition, he will receive a one-time inducement grant with a value of $5,000,000 at the same time the Company makes its 2012 annual equity grants. Each of these equity grants will be in the same form and on the same terms as the annual grants for 2012 made to the Company’s senior executives generally but in any event will have dividend equivalent rights as noted below.

In addition, to compensate Mr. Thompson for the forfeiture of the value of his cash bonus and equity awards from his previous employer, the Agreement provides for Mr. Thompson to receive a cash bonus of $1,500,000 (the “Make-Whole Cash Bonus”) and a grant of restricted stock units with a grant-date value of $6,500,000 (the “Make-Whole RSUs”).