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

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.

Comments

Re:Bah!

[__aaclcg7560]

She upended many people's lives by discontinuing the work from home option.

When did working from home became a right in Silicon Valley?

Counting other people's money...

[mi]

Leave it to New York Times to count other people's money...

If yours does not require much counting, at least, rejoice about ours — I recon, she'd pay at least $20 mln of that in taxes...

Oh, and the one important bit from TFA, that the write-up skipped:

Most of the $55 million severance package is made up of restricted stock units and options. Only $3 million is actual cash.

So, maybe, the taxes will be less. But it may not be $55 mln either, if the stocks/options flop by the time restrictions expire...