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Yahoo's Marissa Mayer In Line For $55M Severance If Fired Within A Year Of Sale (nytimes.com)

Posted by BeauHD on from the pretty-penny dept.

whoever57 writes: A Securities and Exchange Commission (SEC) filing on Friday revealed that Yahoo's board has agreed to a $55 million severance package for Marissa Mayer if she loses her job within a year of a sale. That's a lot of money for a chief executive who hasn't been able to keep Yahoo's stock from falling. In 2015, the value of Yahoo's stock fell by 33%. Worth noting: most of the money from the severance package is composed of restricted stock units and options -- there's only $3 million in cold hard cash. Also, Yahoo revealed Mayer received a significant pay cut last year. Her "reported pay" was $36 million, but her "realized pay" is closer to $14 million.

2 of 181 comments (clear)

  1. Bah! by DaMattster · · Score: 2, Informative

    She shouldn't get jack shit! Tossed out on her ass. She upended many people's lives by discontinuing the work from home option. She only cares about Marissa Mayer.

    1. Re:Bah! by BarbaraHudson · · Score: 4, Informative

      This happens because directors who sit on many boards want to make sure that when they get the boot, the huge payout will be easier to justify - "Just look at what they got for tanking the company." It has zero to do with performance, or they would have just fired her. It's not like they had to agree to this deal

      --
      "Transparent" is a shit show that trades on every stereotype going. A man in drag is NOT a transsexual.