 |
| Photo: AFP/Getty Images |
Not surprisingly, given that Mayer is one of the country's best-paid executives, she has a lucrative change-in-control severance benefit in place. Her severance plan — which would kick in if she is terminated without cause due to a change of control of the company — would have been worth $157.9 million in 2014, according to a company tabulation in corporate filings.
The severance payment becomes much more important as Yahoo's board discusses potentially selling off all or parts of Yahoo's core Internet business. Currently, the businesses as part of Yahoo (YHOO) are valued at less than $0.
Mayer's latest change-of-control payout for includes:
Cash severance: $3 million
Continuation of health-care benefits: $24,331
Outplacement benefits: $15,000
Restricted stock acceleration: $66.5 million
Option acceleration: $88.3 million
Total: $157.9 million
The large change-in-control severance matches Mayer's massive salary. Last year, Mayer received total payment of $42 million, up from $24.9 million in 2013 - well above the median of $10.2, says compensation tracker Equilar.
0 Response to "Marissa Mayer Big Severance Package"
Thanks for give comment.