X

Marissa Mayer Could Walk With $186M

Filings suggest she will make at least that much
By Rob Quinn,  Newser Staff
Posted Apr 25, 2017 12:47 AM CDT
Marissa Mayer Will Get Huge Payday From Yahoo Sale
Yahoo CEO Marissa Mayer delivers the keynote address at the Yahoo Mobile Developer Conference in San Francisco last year.   (AP Photo/Eric Risberg, File)

(Newser) – Her years in charge of Yahoo haven't been what you would call an unqualified success, but Marissa Mayer still stands to make $186 million if the company's sale to Verizon goes ahead June 8. That figure includes the CEO's Yahoo stock, stock options, and restricted stock units and is based on Monday's stock price, reports the New York Times, which notes that Yahoo shareholders are widely expected to vote yes to the sale. Mayer is also expected to receive a $23 million severance package, bringing her compensation for her five years in charge of Yahoo to well over $200 million.

story continues below

Despite struggles with the company's core businesses, Yahoo's stock is up 208% since 2012, largely due to its investments in Alibaba and Yahoo Japan, the Times notes. Verizon plans to combine Yahoo and AOL in a new entity called Oath. Oath is expected to unveil its management team Tuesday, and sources tell USA Today there has been "house cleaning" and that the new team, led by AOL CEO Tim Armstrong, will not include Mayer or many other senior Yahoo execs. (The CEO of the Yahoo remnants not being sold off will receive double Mayer's salary.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X