Monday, March 13, 2017

Yahoo CEO Marissa Mayer Would Get $23M Severance Package

Holy cow. How can you do a terrible job for five years and rake in that kind of money? I think we are all in the wrong business. 😞

If she is terminated or departs for good cause as CEO, Mayer would receive $3 million in cash, $20 million in equity, and $25,000 in continuing medical-coverage benefits, according to the Yahoo SEC filing. That’s less than the $55 million payout Yahoo had last May estimated Mayer would be entitled to following her termination with a sale of the company. Under their severance agreements, chief revenue officer Lisa Utzschneider would receive $16.5 million (including $14.7 million in equity) and Goldman would receive $9.5 million (including $7.8 million in equity). Former general counsel Bell is receiving no payments in conjunction with the sale to Verizon.