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Marissa Mayer Will Make $186 Million on Yahoo's Sale To Verizon (cnbc.com)
Vindu Goel, reporting for the NYTimes: Yahoo shareholders will vote June 8 on whether to sell the company's internet businesses to Verizon Communications for $4.48 billion. A yes vote, which is widely expected, would end Marissa Mayer's largely unsuccessful five-year effort to restore the internet pioneer to greatness. But Ms. Mayer, the company's chief executive, will be well compensated for her failure. Her Yahoo stock, stock options and restricted stock units are worth a total of $186 million, based on Monday's stock price of $48.15, according to data filed on Monday in the documents sent to shareholders about the Verizon deal. That compensation, which will be fully vested at the time of the shareholder vote, does not include her salary and bonuses over the past five years, or the value of other stock that Ms. Mayer has already sold. All told, her time at Yahoo will have netted her well over $200 million, according to calculations based on company filings.
I just hope that with $185M in the bank she decides to retire. Either that or takes over as Chairwoman of Oracle
Build a Man a Fire, and He'll Be Warm for a Day. Set a Man on Fire, and He'll Be Warm for the Rest of His Life.
you get an @aol.com address. I bet you can't wait to put that one on your resume....
Wheel of Time: Book by Book and Sumview (summary review) Bigdady92 style: http://bigdady92.blogspot.com/
Why was such an incompetent person made a manager?
Was the Yahoo Board of Directors Bored of Directing?
Because she is a woman and thought it would be a good idea with more female CEOs.
Instead of looking at competency they look at gender.