It is possible that the CEO of Yahoo Marissa Mayer could make about 186 Million dollars from the sale of the company to Verizon Communications.
The money, detailed in a 429-page document sent to shareholders, includes the value of shares already owned, outstanding share options, a "golden parachute" payment, cash payments and medical benefits. That figure included a $20 million estimate of the value of restricted stock units, as well as $3.02 million in cash.
The filing also disclosed that Yahoo invested in Snap, one of Silicon Valley's hottest companies, buying 2.3 million shares in a March 2015 fundraising round that priced the shares at $10.86.
The outgoing CEO of Yahoo will get quite a payday when she steps aside.
Yahoo! agreed a year ago to sell off its core internet business to Verizon in a $4.8bn buyout deal.
Gareon Conley: Gareon Conley will meet with police on Monday
His draft stock was continuing to rise following the NFL Combine and Conley was projected by many to me a mid first round pick. Both the Jets and Eagles hosted Conley on a pre-draft visit, which underscores their interest in perhaps drafting him.
Plus, there were security breaches where hackers compromised 1 billion user accounts, which left Yahoo in a worse state than when she joined. A yes vote, which is widely expected, would end Marissa Mayer's largely unsuccessful five-year effort to restore the internet pioneer to greatness.
Yahoo said in its filing that Altaba is more likely to sell its Yahoo Japan stock than sell its Alibaba shares, but it gave no further details.
Mayer's plan was initially to expand Yahoo's content business. Yahoo only notified 26 account holders of the breach at that time.
Criticism of Mayer - who had previously risen from software engineer to product manager to vice president at Google - has been at times more harsh than she deserves, said analyst Joel Espelien of The Diffusion Group. Yahoo's board faulted Mayer for the 2014 hack, because senior company executives knew it happened that year but failed to properly investigate it, and they stripped her of $12 million from her 2016 and 2017 compensation. Mayer will be making no less than $184 million from this high profile sale.
Shares in Yahoo have jumped 208 percent since Mayer started as chief executive in 2012 mainly because of its Asian investments rather than success in its core business, noted the Post. This means that when the deal will be finalized, Mayer will no longer remain with Yahoo.