Marissa Mayer Is Leaving Yahoo with an Insane Amount of Money

Marissa Mayer

That figure included a $20 million estimate of the value of restricted stock units, as well as $3.02 million in cash.

Yahoo also disclosed in the filing Monday that it owns 4.6 million shares of Snap, the maker of Snapchat.

Getting more pay than Armstrong for leaving rather than staying is one of the examples that show how well Marissa Mayer did since she became Yahoo CEO five years ago. Mayer now holds 4.5 million shares of Yahoo stock and options.

It wasn't until previous year that major events of 2013 and 2014 were brought to public light: hackers had broken into Yahoo's systems and committed the two largest thefts of internet users' data in history. The revelation of this data breach resulted in YHOO renegotiating its deal with Verizon Communications Inc. and lowering its price by $350 million, reports CNBC. So, the company's investors will have to vote on the deal this June. The stake had made Yahoo an appealing way for US investors to invest in Alibaba before its IPO, helping to drive up Yahoo's share price in the mean time.

Still, by the New York Times' arithmetic, she'll have been compensated more than $200 million total for her nearly five years at the company, including her salary, performance bonuses, and other payouts.

Mayer has about $84 million in stock options and $25 million in restricted stock units, according to the Monday filing. Mayer admitted that year the company had only started investing in mobile in 2013 and was "late" and "behind". Adding salary, bonus and options she has already exercised, that brings her total compensation over her tenure at Yahoo to an estimated $227.6 million.

Yahoo Chief Executive Marissa Mayer may not have been able to save the company she joined almost five years ago - but she certainly saved her bank account. Mayer was even stripped off her annual bonus after these security breaches. This means that when the deal will be finalized, Mayer will no longer remain with Yahoo.

Had the payout been based on performance, Mayer may not have walked away with as much.

Shares in Yahoo have jumped 208 percent since Mayer started as chief executive in 2012 mainly because of its Asian investments rather than success in its core business, noted the Post.


Related News

  • Jefferies & Co reiterated John Wood Group PLC (ADR) (LON:WG) as 'Underperform'

    Jefferies & Co reiterated John Wood Group PLC (ADR) (LON:WG) as 'Underperform'

    Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The firm owned 39,315 shares of the financial services provider's stock after selling 1,570 shares during the period.

    Senate confirms Perdue as secretary of agriculture

    Over the coming year, Purdue's main task will be working with lawmakers on the next five-year farm bill. He is not related or affiliated with the food company Perdue or the poultry producer Perdue Farms.

    Ivanka Trump advocates for women, girls in trip to Berlin

    Donald Trump's top trade official wants to revive his country's trade talks with the bloc and is due to host the EU's trade commissioner, Cecilia Malmström.
  • Jeff Goldblum cast in 'Jurassic World' sequel

    Jeff Goldblum cast in 'Jurassic World' sequel

    Hit the jump for more details on the Jeff Goldblum Jurassic World 2 casting. "They're doing spectacularly well without me". Ian Malcolm would go back to Jurassic Park , Jurassic World, or Jurassic just-about-anything.
    PPG Raises AkzoNobel Takeover Bid To $29B

    PPG Raises AkzoNobel Takeover Bid To $29B

    While Akzo Nobel turned down the prior offer, it did make the Dutch company consider options for its specialty chemicals business. The company also said the Dutch company's European production facilities wouldn't be relocated to the U.S.

    Johnson, Statham, Theron eyed for 'Fast and Furious' spin-off

    The 8th movie made more money in the first weekend than any other movie on opening weekend. Deadline reports that a Fast & Furious spin-off movie featuring U.S.
  • Illegal Pot Use Is Rising in States That Have Legalized Medical Marijuana

    Illegal Pot Use Is Rising in States That Have Legalized Medical Marijuana

    The study notes some limitations. "The impact could be very different in different places due to the implementation of the laws". Most recent research has concluded that marijuana legalization laws do not prompt an increase in use of the drug by teens.
    AAP pays tribute to CRPF troopers killed in Maoist attack

    AAP pays tribute to CRPF troopers killed in Maoist attack

    Survivors of the Naxal attack said that there were almost 300 rebels, including women cadres. The minister said everyone should come together and condemn the Maoist philosophy.

    Rafael Nadal wins his 10th Monte-Carlo Masters

    Rafael Nadal has penned a win against David Goffin, to mark his way into the finals of the Monte Carlo Masters . The only final the 30-year-old Nadal has lost at Monte Carlo was to Novak Djokovic in 2013 .
  • Larry Bird makes bid for Indianapolis to host 2021 NBA All-Star Game

    The Sixers have plenty of draft picks that would be ideal for a team looking to rebuild to get a hold of. Johnson, in particular, has hinted that he might be interested in acquiring Paul George this offseason.

    AT&T Rising: Q1 Rev Misses, Year Profit Growth View Tops Consensus

    The company is no longer providing consolidated revenue guidance primarily due to the unpredictability of wireless handset sales. The company expects to see EPS growth in the mid-single-digit range, with free cash flow in the $18 billion range.

    Bills opt not to match Pats' offer for Mike Gillislee

    Just a year ago the Patriots signed Chris Hogan to a three-year, $12 million offer sheet which the Bills declined to match. Gilmore spent his first five seasons in Buffalo but was allowed to enter free agency after the 2016 season.