Marissa Mayer will get a cool $23 million when she loses her job

TwitterFacebook

Marissa Mayer will soon be out of a job, but a multimillion-dollar check should cushion the blow.

The Yahoo CEO may get a $23 million payout if and when the beleaguered tech giant finalizes the sale of its core business to Verizon, according to a regulatory filing released Monday.

The golden parachute — around $20 million of which is equity and the remainder cash — is contingent on Mayer being terminated without cause within a year of the sale.

The disclosure comes as Yahoo still reels from the belated revelation of two massive security breaches from years earlier that made Verizon second-guess its $4.8 billion sale. The hesitation ultimately led to a $350 million discount for the telecom. Read more…

More about Verizon, Marissa Mayer, Yahoo, Business, and Advertising

Write a comment...

Marissa Mayer will get a cool $23 million when she loses her job

TwitterFacebook

Marissa Mayer will soon be out of a job, but a multimillion-dollar check should cushion the blow.

The Yahoo CEO may get a $23 million payout if and when the beleaguered tech giant finalizes the sale of its core business to Verizon, according to a regulatory filing released Monday.

The golden parachute — around $20 million of which is equity and the remainder cash — is contingent on Mayer being terminated without cause within a year of the sale.

The disclosure comes as Yahoo still reels from the belated revelation of two massive security breaches from years earlier that made Verizon second-guess its $4.8 billion sale. The hesitation ultimately led to a $350 million discount for the telecom. Read more…

More about Verizon, Marissa Mayer, Yahoo, Business, and Advertising

Write a comment...