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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.
Nothing like being a part of the ruling class.
To be fair, Stephen Elop has a track record of driving a business into the ground so MS can buy it and finish digging the hole. He's more of a hired goon in the embrace->extend->extinguish chain than an actual CEO.
She didn't resist calls to sell Alibaba. She sold off a portion, and found out that there were huge tax consequences. She tried selling off the rest of Alibaba, and tried to avoid taxes the second time. The problem was that the IRS was going to treat spinning off Alibaba shares into a separate holding company as tax event, and tax accordingly. So she changes her mind, and decides to sell Yahoo's main business instead, and leave the Alibaba and Yahoo Japan shares in basically what well be a holding company for the shareholders tax-free.