By Noel Young

Yahoo chief executive Marissa Mayer will get a $55 million payoff if the company’s auction of its Internet operations ends in a sale that ousts her from her job, according to an Associated Press report in the New York Times.

Th report says the payout was disclosed in a regulatory filing on Friday with the US Securities and Exchange Commission. It would consist of cash, stock awards and other benefits if she is forced out within a year after a sale, said the NYT article.

Yahoo’s board is still evaluating takeover offers. Many believe the company will decide Read full story ›

Source: The Drum