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.
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 dealt a crushing blow.
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 are desperate. We are running out of time to ever save our precious content. Yahoo has never made it easy to rescue it, and has […]
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 than 99% -- is the impending drawdown of Yahoo Groups, with mass deletions of all stored "Files, Polls, Links, Photos, Folders, Calendar, Database, Attachments, Conversations, […]
Is it just us, or does it feel like winter hasn’t been as horrendous as usual this year? Well, stats show it’s actually been one of the warmer winters on record so far this year for many eastern U.S. cities in January and February. But, almost on cue, weather experts warn signs of a serious […]
While mobile devices are all but essential and the center of so many individual universes these days, find one person who loves their wireless plan with that type of passion. Check around. We’ll wait… Didn’t find anybody, did you? That’s because most wireless plans are designed for the convenience of the provider and will nickel-and-dime […]
In the early days of the web, everyone wanted a .com domain for their site. As a result, all the good ones got snapped up. But .com no longer has the cachet it once did. In fact, many new businesses and individuals are opting for other top-level domain extensions. One of the most memorable is […]