Just In
- 1 hr ago Realme Narzo 70 Pro 5G With Sony IMX890 OIS Camera, Dimensity 7050 Launched in India; Price and Availability
- 3 hrs ago Xiaomi Civi 4 Pro to Debut as First Snapdragon 8s Gen 3 Smartphone on March 21: Leica Cameras Confirmed
- 3 hrs ago Is This the Most Expensive Honor Phone Ever? Honor Unveils Magic6 RSR & Magic6 Ultimate
- 3 hrs ago Apple Watch Series 10 Might Finally Get Galaxy Watch-Inspired Blood Pressure Monitoring Feature
Don't Miss
- News BJP Eyes Brij Bhushan, Apna Dal S for UP Lok Sabha Seats; Candidate Discussions Underway
- Finance Rs 8/Share Dividend, 1:1, 2:1, 6:1 Stock Split & Bonus Issue; List Of Stocks To Trade Ex-Dividend Today
- Movies Jatt Nuu Chudail Takri Box Office Collection: Sargun Mehta's Film Registers Blockbuster Weekend
- Sports Swiss Open 2024: Indian Schedule, Results, Telecast & Live Streaming Info
- Automobiles Ampere Nexus Electric Scooter Completes K2K Run – Pre-Bookings Open
- Education Andhra Pradesh Teacher Eligibility Test Result 2024 To Be Out Soon, Know more
- Lifestyle Holi 2024: 7 Comfy And Stylish Outfit Ideas To Enjoy The Vibrant Festival
- Travel Celebrate Lathmar Holi in Nandgaon on March 19: A Colorful Tradition of UP
Marissa Mayer to get $23 million parting gift from Yahoo
Handsome package as a parting gift
Earlier this March, it was announced that because of the data breaches Yahoo suffered under its CEO Marissa Mayer's, she had to forgo her cash bonus for 2016 and other potential stock-based bonus for 2017.
But in a regulatory filing posted this week, the company said that Mayer will receive a package of cash, stock, and benefits valued at a total of $23,011,325 out of which $3 million will be in cash.
Yahoo introduces "Similarity Search" feature to discover photos more easily on Flickr
Yahoo was sold to Verizon for $4.8bn last year, ending a 20-year run as an independent company. The company had already announced that Mayer would step down as a board director once the acquisition is completed and now it said that she will not be the CEO of pieces of Yahoo that are not being sold to the telecom giant. However, she will still receive a severance package as a parting gift.
Along with Mayer, others including Lisa Utzschneider, Yahoo's chief revenue officer, will receive a sum of $16,536,363 whereas Ken Goldman, Yahoo's chief financial officer, will get $9,478,568 as a severance package.
Yahoo co-founder David Filo will also get $15,000 in cash and two years worth of continued health insurance. On the other hand, Ronald Bell, Yahoo's general counsel, who resigned on March 1 will not receive any severance package.
Following Mayer, Yahoo's leftover Altaba will be led by Thomas McInerney, former CFO of IAC. He is said to earn twice that of the current CEO with $2 million in annual base salary.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
1,39,900
-
1,29,900
-
79,900
-
65,900
-
12,999
-
96,949
-
16,499
-
38,999
-
49,999
-
30,700
-
1,17,840
-
23,960
-
82,510
-
14,999
-
25,999
-
24,999
-
19,999
-
17,970
-
21,999
-
13,474