Yahoo’s future — and CEO Marissa Mayer’s role in it — is being debated this week. But one thing is for sure: Mayer wins no matter what.
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.