Mayer set for $186m payout from Yahoo sale

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Just $25 million - if one can put "just" in front of a number of that size - is part of the "golden parachute" terms that would accelerate Mayer's restricted stock units in the event of a sale and her departure from the company. That figure included a $20 million estimate of the value of restricted stock units, as well as $3.02 million in cash.

Yahoo CEO Marissa Mayer will reportedly leave the company at least $186 million richer following Verizon's buyout of the Internet pioneer.

A series of acquisitions, such as the social network Tumblr, also failed to pay off for the group, and Yahoo looked to separate the Alibaba stake from its core operations.

Instead, Yahoo sold its business - not including some assets such as its stakes in other internet companies - to Verizon previous year for $4.5 billion. The purchase has already been hung up, and the price reduced, because of ongoing turmoil at Yahoo, including revelations previous year of two data breaches. The massive breaches led Verizon to cut $350 million from the purchase price for Yahoo's internet businesses.

Yahoo investors are set to vote on the deal this June.

After almost five years, Marissa Mayer's tenure as C.E.O. of 90s-era Internet corpse Yahoo is almost over.


That compensation would be fully vested at the time of the shareholder vote, and would not include her salary and bonuses over the past five years, or the value of other stock that Mayer had already sold.

This increase wasn't because of improvements in the advertising business of Yahoo, which has continued losing from its rival services by Facebook and Alphabet.

If you're a 90's kid then you're aware of the importance of Yahoo in your life at one point in time.

While Mayer has already foregone her additional equity and bonus compensation, she is still destined to receive a total of around $23 million before her exit from the company.

But Mayer, the company's chief executive, will be well compensated for her failure. The CEO also had an option for equity compensation, but she didn't take it. To make matters worse, Verizon threatened they may pull out of the deal as clearly the security measures at Yahoo were subpar.

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