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Saturday, April 30, 2016

Poor Baby Marissa Mayer In Line For $55M Severance If Fired Within A Year Of Sale

A Securities and Exchange Commission (SEC) filing on Friday revealed that Yahoo's board has agreed to a $55 million severance package for Marissa Mayer if she loses her job within a year of a sale.

 That's a lot of money for a chief executive who hasn't been able to keep Yahoo's stock from falling don't you think?

In 2015, the value of Yahoo's stock fell by 33%.

Worth noting: most of the money from the severance package is composed of restricted stock units and options -- there's only $3 million in cold hard cash.

Also, Yahoo revealed Mayer suffered a significant pay cut last year.

 Her "reported pay" was $36 million, but her "realized pay" is closer to $14 million.

 "It's Just Another Day."

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