Yahoo top execs can take $89M golden parachute

SAN FRANCISCO — The proxy is in, and we've just found out the big golden parachute winners from Yahoo's $4.8 billion deal to sell its core assets to Verizon.

Five Yahoo executives, including CEO Marissa Mayer and Chief Financial Officer Ken Goldman, stand to walk away with a combined $89.2 million if their jobs are axed as a result of the deal, according to the 300-plus-page sale proxy filed with the Securities and Exchange Commission, released late Friday.

Mayer could take home a whopping $44 million after her four-year stint as CEO; Goldman, $12.2 million. Chief Revenue Officer Lisa Utzschneider could make a $20.5 million soft-landing, and General Counsel Ronald S. Bell, $12.4 million. Co-founder David Filo, a board member who sports the title of "chief Yahoo", can look forward to a relatively modest padding of $65,742.

Verizon beat out a handful of bidders in a months-long process in which Yahoo reached out to dozens of potential suitors, and showed confidential data to more than 30.

If Yahoo finds a better offer,  it will have to pay Verizon a termination fee of $145 million. Verizon shares were down a fraction after hours.

USA Today


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