Yahoo! CEO Mayer Set to Make $186 Million From Verizon Deal

Marissa Mayer

"It's staggering", said CFRA Research analyst Scott Kessler. Her payout then has more to do with what she owns than her performance over the last five years at Yahoo.

Along with the $186 million from stock, Mayer will get a $3 million cash severance golden parachute.

Mayer has about $84 million in stock options and $25 million in restricted stock units, according to the Monday filing.

The payday comes in the form of 4.5 million shares, options, and restricted units of Yahoo stock that she will receive once the Verizon sale is official, which is expected to be in June.

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Most of Ms Mayer's payout is based on the 208 percent increase in Yahoo's stock price since she left Google for Yahoo in 2012. She was charged with reversing the fortunes of a company still reeling from the financial crisis of 2008.

Yahoo hired Mayer, one of Google's first employees, with the goal of turning around the declining Internet giant.

To be sure, it was the rampant growth of Yahoo's competitors in the digital advertising industry that did the most damage.

Mayer started off by trying to expand the content business of Yahoo. In December, Yahoo announced a further billion accounts had been hacked - the largest data breach in history.

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Mayer gave up additional equity compensation that she would have received in 2017 as a penalty for the failure of her management team, on a 2014 breach of the company's systems.

Dozens of lawsuits followed, and Verizon leveraged the scandal into a $350 million discount off the initial price for Yahoo.

Mayer reportedly wont be sticking around after the sale, despite having written a blog in which she detailed that she planned to stay. This will no longer include the valuation of stock she has already sold or the bonus she made a decision to give up due to the massive cyber security breaches revealed earlier a year ago.

It is estimated that, after fees and costs, Mayer stands to pocket nine-figures from the sale to Verizon.

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Mayer is leaving Yahoo with a market cap of about $46 Billion, which includes Altaba and what Verizon is buying without the liabilities of tax associated with these transactions. "Now the stock's nearly $50", Kessler said.

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