Yahoo’s Marissa Mayer could receive $186m exit package

US telco Verizon is in the final stages of securing its purchase of Yahoo and if shareholders vote to approve the deal on 8th June, Yahoo CEO Marissa Mayer may walk away with a $186 million payout.

That’s a pretty hefty sum when you consider that Mayer’s time at the internet firm was fraught with problems.

With that having been said the CEO’s payout consists of Yahoo stock, stock options and restricted stock units. Her payout then has more to do with what she owns than her performance over the last five years at Yahoo.

Had the payout been based on performance, Mayer may not have walked away with as much. In 2013 the chief exec paid $1.1 billion for Tumblr which failed to impress shareholders.

Last year it was revealed that one billion Yahoo accounts had been hacked under Mayer’s watch – it was the largest hack of its kind in history.

The Guardian reports this payoff will add to the $200 million in salary and bonuses Mayer has already received in her five years at the firm.

Verizon is expected to pay $4.9 billion for the purchase of Yahoo which will be combined with the AOL brand under the new banner of Oath. Neither Mayer nor top Yahoo execs will be a part of this new firm should the Verizon deal continue unabated.

[Via – The Guardian] [Image – CC BY ND 2.0 Fortune Live Media]


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