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It is not any secret that Yahoo has been on a downward spiral for pretty some time. Yahoo shares have dropped by roughly 35% thus far this 12 months. Last week, the Wall Street Journal reported that the Yahoo board is considering selling the core property of the enterprise. This would include many Yahoo-branded web sites, along with Tumblr and Flickr. Yahoo has struggled to point out itself spherical over the earlier decade, after steadily and utterly dropping flooring to Google inside the search engine and digital advert home. Facebook's dominance in digital ads recently has all nevertheless sealed Yahoo's future. The undeniable fact that there was a revolving door inside the CEO's office for lots of the earlier decade hasn't helped the company. Now, it is current CEO Marissa Meyer, who's beneath hearth, and if she's a betting lady, she's obtained to be hoping for a Yahoo sale.
Over the years, the Yahoo board has been notoriously horrible at hiring CEOs. In 2012, newly appointed Yahoo CEO, Scott Thompson, was outed for lying about his college diploma on his resume. Ross Levinsohn took over as interim CEO, making him the 5th CEO of Yahoo in merely 5 years. Marissa Mayer was employed midway by way of 2012 and he or she is now on the proverbial chopping block. Let's take an in depth check out her severance bundle and what she stands to understand – or lose – if she is fired, versus if Yahoo is purchased to the very best bidder.
If Marissa Mayer is fired by the board, she is entitled to the moment vesting of her full "make full" stock settlement, along with any stock which may vest inside six months of her termination. Based on Yahoo's current stock worth, that comes out to about $25.5 million. However, if Yahoo is purchased and he or she simply is not retained by the model new proprietor, Mayer stands to acquire $108 million.
Those are ridiculously extreme numbers, even given Mayer's monumental wage. She made $42.1 million in 2014 and $103.6 million complete over her first two and a half years on the helm of Yahoo.
Though Mayer's severance bundle is astronomical, let's be clear, she didn't design it or approve it – the board did. With their observe doc of uncertain CEO hires, it will not shock anyone inside the tech enterprise if the sale of Yahoo included wiping the slate clear the place their board is fearful as successfully.
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