If Yahoo CEO Marissa Mayer gets ousted, she’ll get $55M to cushion the fall

Yahoo logoThere's been little light for Yahoo in the time Marissa Mayer has been at its helm. The company is trapped in a spiral of declining revenues, and in February it said that its core assets are up for sale.

On Friday, the company disclosed the packages that will be available to key executives if they are ousted in the event of a sale. Mayer will be paid $54.8 million in cash and stock if she's removed from her job within a year of a sale.

Yahoo has no deadline for reaching a decision on a sale, but The Associated Press reported Friday that analysts "expect a deal to be struck within the next two months at a price ranging anywhere from $4 billion to $10 billion."

Even as Yahoo looks for a buyer for its main internet business, it's been mired in conflict with investors. The company reached a settlement with activist hedge fund Starboard Value on April 26, agreeing to put four Starboard nominees on Yahoo's board of directors. Starboard CEO Jeffrey Smith will be one of three on a committee assessing bids for the sale.

The fact that Yahoo's financial situation has gotten worse during Mayer's tenure will make her pay package a controversial issue. Yahoo shares dropped 34 percent in 2015, while Mayer made $14 million. (She would have earned nearly $36 million if shares had risen.)

The company expects revenue to dip an additional 15 percent this year, to about $3.5 billion.

"I don't think this management team has done anything to merit a huge payout," Eric Jackson, managing director of SpringOwl Asset Management, told the AP.

Yahoo declined to comment to reporters on Friday.

Other Yahoo executives will also get substantial payouts if they're fired after a sale. Yahoo's Chief Revenue Officer Lisa Utzschneider stands to get $19.9 million, Yahoo CFO Ken Goldman would get $16.1 million, and the company's general counsel Ronald Bell would get $9 million.

Source: Ars Technica

Tags: Yahoo

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

The NVIDIA GeForce GTX 1180 will be Turing-based with a 12nm FinFET die shrink
This only works on posts made by profiles that are public
The device will be standalone and based on a Qualcomm chipset
Apple plans on offering a cheaper smart speaker that will be priced at $199
Chrome will adopt a new approach to indicating site security
Data shows they are leading smartphone sale worldwide
Is this an error or it is really happening?
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /

News Archive



Do you use microSD card with your phone?
or leave your own version in comments (10)