Yahoo's Marissa Mayer Could Get $55M Parachute

And shareholders aren't necessarily happy about it
By Michael Harthorne,  Newser Staff
Posted Apr 30, 2016 9:56 AM CDT
Yahoo CEO Marissa Mayer delivers the keynote address at the Yahoo Mobile Developer Conference in San Francisco earlier this month.   (AP Photo/Eric Risberg, File)

(Newser) – Marissa Mayer has failed to stop Yahoo's downward spiral during more than three years with the company, so obviously the CEO is slated to receive a massive severance package worth $55 million, the AP reports. That information comes from a regulatory filing Friday and includes both stock and cash, according to Fortune. Mayer will receive her golden parachute if she is forced out of her leadership position within a year of someone buying Yahoo's Internet operations, which are currently at auction. A sale is expected sometime in the next few months for an estimated $4 billion to $10 billion.

Shareholders at Yahoo, which has only struggled more under Mayer, aren't necessarily onboard with her severance package. "I don't think this management team has done anything to merit a huge payout," one shareholder tells the AP. Mayer took home a salary of $36 million last year. (Read more Yahoo stories.)

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