Additionally, Yahoo Chief Revenue Officer Lisa Utzschneider gets $16.5 million walking-away money, and CFO Ken Goldman gets $9.5 million.

Mitch Wagner, Executive Editor, Light Reading

March 13, 2017

1 Min Read
Yahoo's Marissa Mayer Gets $23M Kiss-Off

In addition to whatever office supplies she can pilfer, Marissa Mayer will be walking away with $23 million when Yahoo closes the sale of its assets to Verizon.

Mayer will get $20 million equity, plus $3 million cash and $25,000 benefits in walking-away money, according to a US Securities and Exchange Commission filing from Yahoo on Monday.

Figure 1:

Additionally, Lisa Utzschneider, Yahoo Inc. (Nasdaq: YHOO) chief revenue officer, will take home a $16.5 million golden parachute, while CFO Ken Goldman will get $9.5 million, and Yahoo co-founder David Filo will net $66,415.

Yahoo is selling its Internet business to Verizon Communications Grp. Plc., and transforming into a holding company for Yahoo's Alibaba assets. The holding company will be called Altaba. The $4.48 billion deal will likely close in the second quarter

Mayer's role with Verizon is uncertain. But she won't be heading up Altaba.

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— Mitch Wagner, Follow me on TwitterVisit my LinkedIn profile, Editor, Light Reading Enterprise Cloud

About the Author(s)

Mitch Wagner

Executive Editor, Light Reading

San Diego-based Mitch Wagner is many things. As well as being "our guy" on the West Coast (of the US, not Scotland, or anywhere else with indifferent meteorological conditions), he's a husband (to his wife), dissatisfied Democrat, American (so he could be President some day), nonobservant Jew, and science fiction fan. Not necessarily in that order.

He's also one half of a special duo, along with Minnie, who is the co-habitor of the West Coast Bureau and Light Reading's primary chewer of sticks, though she is not the only one on the team who regularly munches on bark.

Wagner, whose previous positions include Editor-in-Chief at Internet Evolution and Executive Editor at InformationWeek, will be responsible for tracking and reporting on developments in Silicon Valley and other US West Coast hotspots of communications technology innovation.

Beats: Software-defined networking (SDN), network functions virtualization (NFV), IP networking, and colored foods (such as 'green rice').

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