So, it has been reported that Yahoo's CEO will be paid $184 million when the sale of Yahoo to Verizon will be completed. 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.
But the filing also served as an eye-popping reminder of the hefty stock compensation its CEO, Marissa Mayer, has amassed during her tumultuous tenure at the faded Internet pioneer.
It wasn't until past year that major events of 2013 and 2014 were brought to public light: hackers had broken into Yahoo's systems and committed the two largest thefts of internet users' data in history. Verizon and Yahoo had to agree to reduce the value of their deal by $350 million after Yahoo disclosed data breaches affecting its customers previous year.
Shareholders will vote on the acquisition on July 8. Mayer, along with other Yahoo execs, will receive accelerated vesting of all stock options and other equity awards under the terms of the Verizon sale. The "golden parachute" could have been even bigger if not for a penalty assessed by the company in response to Mayer's handling of Yahoo's massive data breaches. Mayer admitted that year the company had only started investing in mobile in 2013 and was "late" and "behind".
IPhone 8 dummy model appears with edge-to-edge display
Despite the apparent delay, Apple is still expected to announce the iPhone 8 in September, when it usually announces new phones. As exciting as that is, the downside is that the iPhone 8 release date may be pushed back quite a bit.
Microsoft offered $44.6 billion to Yahoo, which was ten times more than the offer of Verizon, but Yahoo declined.
"People give Mayer a hard time because she was supposed to be some kind of product genius: 'She didn't create the next Snapchat inside Yahoo so she didn't succeed, '" Espelien said.
According to documents received by the shareholders about the Verizon deal, Mayer will be handsomely compensated for constant efforts to turn around the business. Mayer is also expected to receive a $23 million severance package, bringing her compensation for her five years in charge of Yahoo to over $200 million.
Shares in Yahoo have jumped 208 percent since Mayer started as chief executive in 2012 mainly because of its Asian investments rather than success in its core business, noted the Post.