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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.
...to Ruin your company so badly its being fire-saled to Verizon before it tanks completely? Am I understanding this correctly? LoL
Why was such an incompetent person made a manager?
Was the Yahoo Board of Directors Bored of Directing?
Judging by her personal outcome in this situation, she appears to me to be extremely talented and competent individual.
The bottom line is that CEOs are supposed to generate value for shareholders
Reports say that Meyer ordered underlings to not buy the resources to prevent and then not report the security breaches at Yahoo! That cost shareholders more than $1B in valuation on the Verizon deal.
That's one heck of a negative RoI. She had the wrong instincts, she did the wrong thing, and her owners paid dearly for it.
speculation about what someone else might have done is unproductive
No, all her competitors invest in security and are not punished by the market for doing so. This is comparing her to the field, not some ubermensch ideal.
My God, it's Full of Source!
OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
Wasn't ALL of Yahoo!'s growth from their Alibaba stake? None of the Yahoo! core services or acquisitions did jack squat during her tenure.
The best thing she did was find a buyer, which means she is not the stupidest person around. That award goes to the people at Verizon who agreed to buy Yahoo!.
Point of Order: It's *not* a reward for failure. It's a consolation prize for not winning the bigger reward and accepting very high probability of a publicly-destroyed career, lots of humiliation and public hate. The payment is to entice someone that already has rising pay and career prospects to knowingly take on "mission impossible" like beating Google with the full knowledge it will likely destroy their career and reputation.
The many posts I've seen here validate that the risk to reputation was indeed, a real one.
Marissa was a disaster, but frankly, so was the project she took on. I'm sure that many people besides me thought they could have done better against Google, but those are untested, ego-inflating opinions of little value.
Real corporate governance would start with CEO compensation. Since they are paid such astronomical sums it would make sense to review and revise compensation. Unfortunately, the board of directors are typically made up of other CEOs and cronies that real reform will not happen.
The bottom line is that CEOs are supposed to generate value for shareholders
Reports say that Meyer ordered underlings to not buy the resources to prevent and then not report the security breaches at Yahoo! That cost shareholders more than $1B in valuation on the Verizon deal.
Yep, had she done better there, perhaps Yahoo would be worth $48B instead of $47B. Considering it was worth $19B when she started, shareholders might be inclined to give her that one.
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