Yahoo’s chief executive Marissa Mayer could stand to walk away from Yahoo with a payout of $122m following Verizon’s $4.8bn purchase of the ailing company.
As the ink dries on the deal, sources have told the Wall Street Journal that Mayer is unlikely to have a prominent role, if any, under Verizon. The boss stands to take away more a $55m ‘golden parachute’ if she is terminated as a result of the sale, Fortune is reporting that her total compensation could be more than double this figure.
Yahoo was sold for a fraction of the value at its peak, but Read full story ›
Source: The Drum
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