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.
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, , Editor, Light Reading Enterprise Cloud