There Isn't Much Left of Marissa Mayer's Yahoo Golden Parachute
- CEO would get $12.4 million in severance, equity if terminated
- Declining share price, vesting of options have reduced value
Yahoo! Chief Executive Officer Marissa Mayer speaks in San Francisco.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Ousting Chief Executive Officer Marissa Mayer could cost Yahoo! Inc. about $12.4 million. Thanks to Yahoo’s declining share price and the vesting schedule of Mayer’s awards, letting her go now would be a bargain compared with 15 months ago.
Had she been terminated in December 2014, Mayer would have been able to collect $36.1 million in severance and equity awards vesting early, according to the Web portal’s proxy statement. If her termination would have come within a year of selling the company, the exit package at that time would have swelled to $157.9 million.