Marissa Mayer will earn $55 million to leave Yahoo

Mark Frauenfelder 9:38 am Tue Jul 26, 2016

Image: Flickr/Fortune Live Media

Marissa Mayer has a nice executive pay package coming her way if she is terminated from Yahoo.

The CEO of the embattled online news site, currently trying to sell itself, is entitled to severance benefits valued at $54.9 million in case she is terminated without cause, according to a regulatory filing after the market closed Friday. The potential payout would also be triggered by a "change of control," which includes the sale of the company, according to the filing.

Mayer's potential payout includes cash severance of $3 million, $26,324 to continue her health benefits, $15,000 for outplacement, and—if that's enough—nearly $52 million worth of accelerated restricted stock and options.

As the end nears for Yahoo Groups, Verizon pulls out all the stops to keep archivists from preserving them

We only have a few days left until Verizon kills off Yahoo Groups, and the volunteer archivists who've been battling with the company to preserve its legacy have just been… READ THE REST
Yahoo Groups archivists despair as Verizon blocks their preservation efforts ahead of shutdown

Since 2010, Nightowl, the "head of the Yahoo Users Crusade," has been leading a preservation effort to scrape and archive the sprawling contents of Yahoo Groups. She writes, "Now we… READ THE REST
Yahoo Groups is being prepared for shutdown, with all stored archives to be deleted on Dec 14

The latest fuck-you from Oath — the Verizon division created to manage the zombie assets of AOL and Yahoo, bought at a ridiculous premium and then written down by more… READ THE REST
Short Post, just one paragraph

Dessert cheesecake wafer bear claw fruitcake. Fruitcake chupa chups donut candy canes marzipan. Apple pie sweet roll tart chocolate cake macaroon marshmallow carrot cake gummi bears sweet. Pastry sugar plum… READ THE REST
Save 50% on a 1-year subscription to Dashlane's premium password manager

We all know vital information about ourselves and our private digital accounts can be compromised by cybercriminals. However, many would be frightened to know just how compromised they and their… READ THE REST
The Bite Helper removes the itch of a mosquito bite in seconds

While mosquitoes have certainly earned their title as the deadliest animal on earth, their impact on most of our lives is usually a lot less consequential. But even though they… READ THE REST