Yahoot: Paying for Success
March 17, 2017
The Xoogler Marissa Mayer may get $23 million before Uncle Sam takes a bite. According to the “real” journalistic outfit Variety, I learned:
Yahoo CEO Marissa Mayer, following the closing of the Verizon acquisition of the internet company’s operating businesses, will get a golden parachute package worth around $23 million if she’s fired or leaves for good cause within a year, Yahoo disclosed in a regulatory filing Monday.
My source was “Yahoo CEO Marissa Mayer Would Get $23M Severance Package after Verizon Deal Closes If She’s Fired or Leaves for Good Cause.” The payoff, if it occurs, provides $3 million in cash and the balance in equity.
Assuming no hitch in the git along, the new top Yahooligan will be Thomas McInerney, who has been a senior manager at IAC.
Yahoo. It’s a hoot. Paying for success.
Stephen E Arnold, March 17, 2017