Marissa Mayer's tenure at Yahoo has been rough,World Of Single Jaye but it'll have a happy ending — at least for her.
The Yahoo CEO has accrued a massive $186 million in Yahoo stock in her time leading the company, according to a regulatory filing.
It's a ludicrous amount of money for Mayer, whose time at the company has been fraught with allegations of misguided spending and negligence in response to massive cybersecurity issues.
The payday comes in the form of 4.5 million shares, options, and restricted units of Yahoo stock that she will receive once the Verizon sale is official, which is expected to be in June. The $186 million is a far bigger number than had been previously revealed in regulatory filings. Mayer's payday could been even bigger if not for a penalty assessed by the company in response to Mayer's handling of Yahoo's massive data breaches.
The former Google exec took over the massive but declining tech company in 2012. She proved unable to push Yahoo into the future, with its main business of online display advertising continuing to decline, tempered only slightly by efforts to get more into mobile and video advertising.
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That didn't matter much thanks to Yahoo's sizable investment in Alibaba, the massive ecommerce company that went public in 2014. The stake had made Yahoo an appealing way for U.S. investors to invest in Alibaba before its IPO, helping to drive up Yahoo's share price in the mean time.
The Alibaba stake also ended up forcing Mayer into a role she didn't necessarily want to inhabit — that of the CEO shopping her company. Investors in Yahoo, eager to avoid tax hits and maximize their return on the Alibaba investment, pushed Mayer to sell Yahoo's core business to another company.
That company ended up being Verizon, which is set to buy Yahoo for about $4.5 billion (the original deal was renegotiated and $350 million removed from the price due to the data breaches).
Mayer reportedly wont be sticking around after the sale, despite having written a blog in which she detailed that she planned to stay.
Tough break. At least there's 186 million parting gifts.
Editor's note: This article has been updated to clarify that Mayer's stock in Yahoo was accrued as part of her compensation and was not acquired as part of the sale to Verizon.
Topics Yahoo
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