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Yahoo CEO could reap $44 million if she leaves after sale
– canadianbusiness.com
SAN FRANCISCO – Yahoo CEO Marissa Mayer stands to collect a $44 million severance package if she leaves after Verizon completes its purchase of the once-mighty internet company.
Mayer hasn’t announced plans to leave, but industry observers say she’s unlikely to stay after the $4.8 billion sale closes early next year.
The 41-year-old executive stands to collect $3 million in cash and almost $41 million worth of stock options and awards under a “golden parachute” agreement described in a regulatory filing Friday. In a filing last spring, Yahoo said Mayer could walk away with $55 million in compensation, but the estimates can vary with the value of Yahoo’s stock and the date she leaves.
Mayer has been CEO for four years but failed to reverse a long-standing slide in Yahoo’s advertising business. After an unsuccessful effort to spin off its investment in the Chinese internet giant Alibaba, Yahoo Inc. began entertaining offers for its core business earlier this year…
Mayer hasn’t announced plans to leave, but industry observers say she’s unlikely to stay after the $4.8 billion sale closes early next year.
The 41-year-old executive stands to collect $3 million in cash and almost $41 million worth of stock options and awards under a “golden parachute” agreement described in a regulatory filing Friday. In a filing last spring, Yahoo said Mayer could walk away with $55 million in compensation, but the estimates can vary with the value of Yahoo’s stock and the date she leaves.
Mayer has been CEO for four years but failed to reverse a long-standing slide in Yahoo’s advertising business. After an unsuccessful effort to spin off its investment in the Chinese internet giant Alibaba, Yahoo Inc. began entertaining offers for its core business earlier this year…
