Money

Yahoo’s Marissa Mayer gets $55M to leave

Written by Teunis Felter

Yahoo just disclosed the size of its executive pay packages and Marissa Mayer stands to make millions coming or going. The CEO of the embattled online news site, currently trying to sell itself, is entitled to severance benefits valued at $54.9 million in case she is terminated without cause. Mayer’s potential payout includes cash severance of $3 million, $26,324 to continue her health benefits, $15,000 for outplacement, and nearly $52 million worth of accelerated restricted stock and options.

http://www.usatoday.com/story/money/markets/2016/04/29/yahoos-marissa-mayer-gets-55m-leave/83722362/

About the author

Teunis Felter

Teunis Felter has over 20 years experience as an author, editor, and scientist. When not exploring outside, he enjoys reading history, researching genealogy, and civilly discussing politics.