Yahoo CEO Marissa Mayer set to rake in $US186m after sale to Verizon
Yahoo shareholders will vote June 8 on whether to sell the company's internet businesses to Verizon Communications for $US4.48 billion. A yes vote, which is widely expected, would end Marissa Mayer's largely unsuccessful five-year effort to restore the internet pioneer to greatness.
But Mayer, the company's chief executive, will be well compensated for her failure. Her Yahoo stock, stock options and restricted stock units are worth a total of $US186 million ($247 million), based on Monday's stock price of $US48.15, according to data filed Monday in the documents sent to shareholders about the Verizon deal.
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