Marissa Mayer will get $186M golden parachute from Yahoo


Yahoo CEO Marissa MayerJustin Sullivan/Getty ImagesWhen Verizon's $4.48 billion acquisition of Yahoo closes this June, Marissa Mayer will be stepping down as CEO.

As of April 3, the Yahoo CEO owned 4.49 million shares of common stock, according to an SEC filing by the internet company Monday.

Marissa Mayer is expected to depart Yahoo following the closing of Verizon's $4.5 billion takeover in June - but she's going to cash out big time, as she now owns stock worth more than $200 million.

That pay, which will be completely vested at the season of the shareholder vote, does exclude her compensation and rewards in the course of recent years, or the estimation of other stock that Ms Mayer has officially sold.

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Under Mayer's leadership, Yahoo experienced two unprecedented security breaches affecting more than 1 billion users accounts - with the 2014 incident traced to Russian spies. All told, her time at Yahoo will have netted her well over $200 million, according to calculations based on company filings.

Most of Ms Mayer's payout is based on the 208 percent increase in Yahoo's stock price since she left Google for Yahoo in 2012.

Last month, US officials indicted four Russians, including two Russian spies, in the 2014 hack.

Yahoo was not immediately available for comment.

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Once the sale goes through Mayer will leave the company.

In a March Tumblr post, Mayer said she had "expressed my desire that my bonus be redistributed to our company's hardworking employees, who contributed so much to Yahoo's success in 2016". The management of that company will seek to unlock the value of it is $44 billion stakes in Alibaba and it is $9.5 billion stakes in Yahoo Japan while minimising a $15 billion tax bill that Yahoo estimates would be due on an outright sale. Snap shares are now trading at $21.20, valuing Yahoo's stake at $98 million.

The 2014 data breach prompted Yahoo and Verizon to renegotiate their original deal, which was struck in July. The company owns 4.6 million shares valued at $98 million, not 2.3 million shares valued at $49 million.

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