Yahoo CEO could get $US44m windfall

Yahoo chief executive Marissa Mayer stands to collect $US3 million in cash and almost $US41 million in stock options under a "golden parachute" agreement.

Yahoo chief executive Marissa Mayer stands to collect a $US44 million ($A58 million) severance package if she leaves after Verizon completes its purchase of the once-mighty internet company.

Mayer hasn't announced plans to leave, but industry observers say she's unlikely to stay after the $US4.8 billion sale closes early next year.

The 41-year-old executive stands to collect $US3 million in cash and almost $US41 million worth of stock options and awards under a "golden parachute" agreement described in a regulatory filing on Friday.

In a filing last (northern) spring, Yahoo said Mayer could walk away with $US55 million in compensation, but the figures can vary with the value of Yahoo's stock and the date she leaves.

Mayer has been CEO for four years but failed to reverse a long-standing slide in Yahoo's advertising business.


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Source: AAP


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