Merissa Mayer’s Payday: 4 Years, $219 Million for exiting Yahoo! CEO
Merissa Mayer’s 4 year as CEO of Yahoo may turn out to be a big payday for the outgoing executive – that is, IF she steps down.
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If she steps down, Yahoo! Will still owe her about $57 million in severance after Verizon takes the rings of the company.
As an added bonus for screwing up the company, she would still be owed $162 million in salary and stock awards that Mayer received over the course of her tenure. All told, she could exit Yahoo with around $219 million in the bank.
However, (as we all know) she can only receive that severance if she leaves the company, which is rumored that she will once the company is Verizon’s.
In a memo to employees, she confirmed that she is staying to see the transition though in a memo to employees posted on Tumblr.:
“For me personally, I’m planning to stay, I love Yahoo, and I believe in all of you. It’s important to me to see Yahoo into its next chapter.”
This deal ends the bidding war for the company, which other companies rumored to be in the war included the likes of Time Warner and others.
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