If Yahoo’s CEO Marissa Mayer ever gets fired, there’s a fluffy cushion of almost $55 million waiting for her.
If someone buys the troubled web company and fires its CEO Marissa Mayer within a year (and without cause) she’s up for a severance payment of $3 million in cash and almost $52 million in stock-based compensation and other benefits, according to the company’s April 29 filing with the Securities and Exchange Commission.
To be sure, Yahoo is currently expected to only sell its core Internet business, not the whole company. If Mayer gets fired without the company changing hands, she'd get a total of $9 million.
Mayer’s annual compensation was valued at almost $36 million last year, although the company says it was worth less than $14 million as of April 1. Most of the compensation is stock-based, with $1 million base salary.
The maximum payout may irk investors who don’t view Mayer’s performance favorably. Yahoo stocks fell 34 percent in 2015, but have since risen by 17 percent.
