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.

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