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|Subject: As It Should Be: Yahoo’s New Male CEO Will Make Double Marissa Mayer’s Salary Mon Mar 13, 2017 11:24 pm|| |
|Even after Yahoo goes through with the sale of its core business, it will still pay its top executives handsomely—and in some cases, even better than it did before.|
In announcing a plan for the company's future Monday, Yahoo (yhoo) said it had picked a new CEO to replace Marissa Mayer once its deal with Verizon (vz) officially closes. Yahoo is selling its technology and advertising business to Verizon, and the remaining company will consist only of the hoard of Alibaba (baba) stock that Yahoo owns, its stake in Yahoo Japan, and a miscellaneous array of smaller investments.
Running the leftover stump of Yahoo is likely to be a much simpler and easier job than the one Mayer had, from which she is walking away with a $23 million severance package. Add to that the $69 million worth of unexercised stock options awarded to Mayer, plus the $97 million of Yahoo stock she already owns (which she'll be free to sell when she leaves the company), and Mayer's net worth is set to increase by about $189 million. (That's even after she voluntarily gave up about $20 million of her annual stock bonus this year after taking fire for the cyber attacks Yahoo recently suffered. It's also significantly more than Fortune's estimate two months ago of $141 million for Mayer's total payday, thanks to new equity grants and stock price appreciation in the meantime.)
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