Investopedia reports[1]
Marissa Mayer's disappointing reign as CEO of Yahoo (YHOO) is looking pretty rich for her. According to documents filed on [April 24], Mayer will make $186 million once the internet company that she was criticized for running into the ground finally sells its core holdings to Verizon (VZ). The protracted $4.48 billion merger, which was delayed following a number of big security breaches, is expected to be completed in June.
Security filings state that Mayer's Yahoo stock, stock options and restricted stock units are worth up to $186 million, based on Monday's share price of $48.15. That hefty payout, which will come on top of Mayer's regularly salary, bonuses, and stock that she has already sold, will be rewarded to her if Yahoo shareholders vote to sell the company June 8.
[1] They should validate their HTML--especially if they are going to put styling in that. (It's been a long time since I've seen something with anywhere near 388 flagged items.)
(Score: 2) by canopic jug on Thursday April 27 2017, @05:31PM (1 child)
The initial damage came from within the board by Microsoft's activist, Icahn. He then populated the board with Microsoft's fifth columnists, crippled and removed key divisions, and fired any staff and teams capable of getting Yahoo! back on its feet. After that, whatever Mayer did or didn't do couldn't matter. She was never in a position where she could save the company. And given time and propaganda, people would forget about Icahn slashing the tires. Lately, the revisionists in the Microsoft-beholden media have begun to turn up the heat on the anti-Mayer narrative. Yet the initial destruction was arranged by Icahn, so whatever there is to say about Mayer, don't forget Icahn's role.
Money is not free speech. Elections should not be auctions.
(Score: 2) by kaszz on Friday April 28 2017, @01:57AM
Seems Icahn got a position by buying a lot of shares. Question is who provided that money. And now he has this job "Special Advisor to the President on Regulatory Reform". In other news the wolf are guarding the hen house..