As Yahoo makes moves for a possible sale or major overhaul, eyes are on CEO Marissa Mayer and whether she’ll stay or go.
If she’s forced out because of a “change in control,” her severance package will be $54.88 million, according to an SEC filing yesterday (April 29). The package includes $3 million in cash and just under $52 million in stock options.
According to the filing, Mayer only actually made $13.9 million of her reported $36 million pay.
The CEO has come under heaps of criticism for Yahoo’s weak stock performance last year.
This week Yahoo added four seats on its board for hedge fund and shareholder Starboard Value, which has fueled speculation that a sale is imminent.