It appears that there is one person who will have a lot to earn from the sale of Yahoo to Verizon. And that person is Yahoo’s chief executive officer, Marissa Mayer. Mayer will be making no less than $184 million from this high profile sale.
So, it has been reported that Yahoo’s CEO will be paid $184 million when the sale of Yahoo to Verizon will be completed. This is expected to happen by the end of the year. The sum is considered to be huge and includes a combination of various payments, such as the values of the shares she owns in the company, outstanding share options, as well as cash payments and a “golden parachute” payment.
Although the final sum to be paid to Mayer includes all of these payments, it is still higher than what Yahoo said last month. The company then confirmed that Mayer will receive the “golden parachute” payment for losing her job. This means that when the deal will be finalized, Mayer will no longer remain with Yahoo.
The deal is yet to be finalized and there is one vote it will have to pass before this will happen. So, the company’s investors will have to vote on the deal this June. The deal between Yahoo and Verizon has definitely managed to draw a lot of media attention. This deal was first announced back in 2016, when it was revealed that Yahoo will be selling its main Internet business to US telecoms company Verizon for the sum of 4.8 billion.
Probably, one of the reasons why this deal got so much interest is not only linked to its impressive value, but also to the fact that Verizon cut part of the initial offer and finally said it will be paying $4.5 billion for the company. This happened after Yahoo publicly announced that it had been the victim of two data breaches, which occurred in 2013 and 2014. This lead to the compromise of the data of more than a billion customer accounts.
When it comes to Verizon’s plans with regards to Yahoo’s business, the company previously stated that it will combine it to AOL, its subsidiary, creating a new company named Oath.