Yahoo! Inc. (YHOO) CEO Marissa Mayer could get a $55 million severance.
Marissa Mayer could receive her $55 million severance, which is made of cash, stock and benefits, if she is ousted from her job within a year after the successful sale of the company. Yahoo has been considering a sale and activist investor Starboard Value has been pushing for one.
The YHOO CEO hasn’t done much positive for the company during her time with it. This could lead to her being ousted if the company is sold. Starboard Value has been critical of her role as CEO, reports The New York Times.
Marissa Mayer said that selling Yahoo is a “top priority” after it reported a $99 million loss for Q1 2016. It’s faced tough competition in internet advertising from rivals Facebook Inc (FB) and Alphabet Inc’s (GOOG,GOOGL) Google lately.
Yahoo shares were down slightly as of Monday morning.
More From InvestorPlace:
