dglobalnews.com Marissa Mayer Is Leaving Yahoo with an Insane Amount of Money
Published: Thu, April 27, 2017
Markets | By Armando Jensen

Marissa Mayer Is Leaving Yahoo with an Insane Amount of Money

Marissa Mayer Is Leaving Yahoo with an Insane Amount of Money

Word that Yahoo CEO Marissa Mayer could pocket up to $186 million from the company's sale to Verizon Communications cements the charmed nature of her five-year tenure at the company's helm. This is known as 'golden parachute' compensation, where she is due to receive $3 million in cash, $24,000 in benefits, and $19,971,367 in equity.

Shares in Yahoo have risen by more than 200pc since Ms Mayer joined the company from Google in 2012, pushed up by its long-held investments in Chinese e-commerce firm Alibaba.

It's undeniable that Yahoo CEO Marissa Mayer has had one of the toughest jobs in Silicon Valley, even if some of the trouble and turmoil was of her own making.

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.

The deal with Verizon was first announced past year when the struggling company, agreed to sell its main internet business to Verizon, the huge United States telecoms company, for $4.8bn.

It wasn't until a year ago that major events of 2013 and 2014 were brought to public light: hackers had broken into Yahoo's systems and committed the two largest thefts of internet users' data in history.

Just recently, Verizon and Yahoo reduced the value of the deal by $350 million after Yahoo disclosed data breaches that affected hundreds of millions of users.

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The $186m comes on top of an estimated $200 million she has already received in salary and bonuses during her five year reign as the head of the struggling web... So, the company's investors will have to vote on the deal this June.

Mayer has about $84 million in stock options and $25 million in restricted stock units, according to the Monday filing.

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. And though reports have pointed to her exit, Mayer has said only that "for me personally, I'm planning to stay".

Microsoft offered $44.6 billion to Yahoo, which was ten times more than the offer of Verizon, but Yahoo declined.

Yahoo's stock price has tripled since Mayer took over, but her tenure has been tumultuous. Mayer recently said she would turn down an equity bonus for 2017 and a cash bonus for 2016, citing the massive hacks.

Mayer is leaving Yahoo with a market cap of about $46 Billion, which includes Altaba and what Verizon is buying without the liabilities of tax associated with these transactions.

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