A Securities and Exchange Commission (SEC) filing on Friday revealed that Yahoo's board has agreed to a $55 million severance package for Marissa Mayer if she loses her job within a year of a sale.
That's a lot of money for a chief executive who hasn't been able to
keep Yahoo's stock from falling don't you think?
In 2015, the value of Yahoo's stock
fell by 33%.
Worth noting: most of the money from the severance package
is composed of restricted stock units and options -- there's only $3
million in cold hard cash.
Also, Yahoo revealed Mayer suffered a
significant pay cut last year.
Her "reported pay" was $36 million, but
her "realized pay" is closer to $14 million.
"It's Just Another Day."