As part of her compensation package, M. Mayer stands to rake in $55 million, in a ‘Golden Parachute’ provided to her by the genteel board of directors at Yahoo.
It’s worth noting that Marissa was paid $36 million in 2015, while the share price slumped double digits.
As part of her potential ‘severance’, she will receive $26,324 in continued health benefits–because $55 million just isn’t enough.
This is greed, personified.
Oh, she will also get $15,000 for ‘outplacement’, whatever the fuck that means.
In 2014, Mayer received $42 million.
Let’s do some math, shall we?
Mayer has received $78 million in compensation since 2014. After selling Yahoo, due it its failure to continue as a sole entity, she will grab another $55, upping her 3 year money snatch from Yahoo shareholders to $133 million.
During the same time she received this enormous compensation, the share price has been flat.
Additionally and most importantly, Yahoo has shed its workforce by 42%.
Crony capitalism at its finest.
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I think outplacement means they pay her tuition at vocational school to learn a new trade.
Bonzai on the Nikkei – down 4%.
Maybe she will go into politics.
seriously, and you wonder why people are pissed!
need some Iacocca type of leadership. too many CEO friendly boards out there.
Diamon’s move was classic as well. Buy up a load of stock, then wait a couple of weeks and announce a buy back.
There is no non-founding corporate CEO worth that amount of money.
Yahoo’s run like the post office. Zero accountability.
Yahoo sucks. At least someone made money before its fades into dust. Why not a whore?
On the bright side, thanks to Marissa, average pay for women is now on par with men.
Speedius for the win.
It’s been a revolving door of CEOs trying to make to turn YAHOO around. Just another anointed one getting their cut. The number of truly effective CEOs are few and far between.
‘It’s a Small World” is a fucking ride at Disneyland. Adults rarely fit.
Failure has and continues to be rewarded as well as a prerequisite for further Destruction.
Jeez, I misread your headline as “Marissa Meyer Gets Golden Shower”.