Marissa Mayer Will Get $55 Million If She Stays or Leaves

Yahoo disclosed the executive pay packages and CEO Marissa Mayer will make millions if she stays or goes.

Yahoo has gone through a number of problems and is currently trying to sell itself. The company’s CEO will receive severance benefits of nearly $55 million if she is terminated without any cause according to a filing with a regulatory agency after Friday’s market had closed.

The payout would be triggered as well by a change in control, which would include the company being sold, according to Friday’s filing.

The potential payout for Mayer includes $3 million in cash severance, $26,325 to continue health benefits, $15,000 for any outplacement and a cool $52 million worth of restricted stock as well as options.

However, that is what Mayer will get if she exits the company. Mayer has already been paid $36 million during 2015 for regular compensation. That total package was down close to 15% from the year before, but still far above the media of $12 million paid to executives in the S&P 500.

Mayer received $42.1 million during 2014, which made her the highest paid female CEO in the Standard & Poor’s 500.

At the same time, shareholders of Yahoo continue suffering. The Yahoo stock value lost about a third in 2015 and shares on Friday were at $36.61.

There is a big reason the stock is headed downward as the company went from earning $7.5 billion during 2014 to losing over $4.4 million during 2015.

Yahoo shares are up over 134% since Mayer joined the company as CEO in July of 2012. However, that is due in its entirety to the company’s stake in Alibaba the giant e-commerce business in China that is worth more than $30.2 billion.

Yahoo’s share in Alibaba is worth nearly as much as Yahoo itself that has a current $34.7 billion market value.

Yahoo has a stake of 36% in Yahoo Japan that is worth more than $967 million as well as holding over $6 billion in cash.

Add that all up and the market looks at the Yahoo business itself as being almost worthless.

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