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April 30, 2016 04:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/8dbGCC26aQM/yahoos-marissa-mayer-in-line-for-55m-severance-if-fired-within-a-year-of-sale
Yahoo's Marissa Mayer In Line For $55M Severance If Fired Within A Year Of Sale
whoever57 writes: 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. 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 received a significant pay cut last year. Her "reported pay" was $36 million, but her "realized pay" is closer to $14 million.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/8dbGCC26aQM/yahoos-marissa-mayer-in-line-for-55m-severance-if-fired-within-a-year-of-sale
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