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[ReAxion]

If the board of a failing company was gonna give me $55m when the eventual came about, I'd gladly accept it.

 

[low-G]

Hey, at least she couldn't have us executed for lambasting her like 1000 years ago, right? The world has come a real long way since the Dark Ages, amirite

 

[Link]

Hey, at least she couldn't have us executed for lambasting her like 1000 years ago, right? The world has come a real long way since the Dark Ages, amirite

We actually seem to be going backwards lately in many respects.

 

[2MF]

FYI, this is called a "Golden Parachute".

http://www.investopedia.com/terms/g/goldenparachute.asp

It's generally done to prevent hostile takeovers. In Yahoo's current case, if another company buys Yahoo, they could end up keeping Mayer around to avoid paying the $55 mil. Alternatively, they may factor in the golden parachute when making the offer to buy Yahoo (i.e. Yahoo may be worth less knowing that Mayer gets $55 mil if she's ousted in the first year after the acquisition).

That sounds kind of reasonable (even if the amount does not), but then why does it also apply outside of a hostile takeover? It boggles the mind that Yahoo's CEO will be looking for someone to buy Yahoo out, and will get a big bonus if that buyer decides to fire her, IIUC.

 

[Jenov]

This is that lady that removed stay at home work while at the same time building some luxury nursery in her own office, right? lol

 

[Sho_Nuff82]

Incompetent people generally aren't able to negotiate $55mm severance packages.

Circular reasoning.

"Well, of course she's worth $55 million, someone was willing to pay her that."

Why is it we can look at the performance of professional athletes or coaches and plainly state "X is overpayed by Y compared to similarly performing replacement player/coach" with exhausting reams of stats, but with CEOs who make many times more and have their company performance judged quarterly, all of a sudden performance metrics are meaningless?

 

[Bold One]

So fucked up, I know sometimes things just dont work out, but this is crazy...

 

[Kinyou]

She's laughing all the way to the bank.

Her and Seth Rogen would make a great couple.

 

[The Mule]

Man, I used to use Yahoo's category based search all the time to find new sites, back when I first started using the Internet. It was a strange transition to using Google's keyword search at first.

 

[Oersted]

It will trickle down. Just wait.

 

[Bubba T]

LOL

I know so many people that called this years ago. Hilarious.

 

[RustyNails]

I don't understand. She ran Yahoo to the ground and ruined Yahoo Screen. She changed remote work flexibility in a totally idiotic way by saying if people are in the office together more ideas will come. Well, I guess she realized that more ideas don't come when people don't want to be there.

 

[D4Danger]

all she had to do was babysit the alibaba stock and check in on it every few hours she still managed to fuck it up

 

[DontBeThatGuy]

I wish all my failures were this lucrative.

 

[3N16MA]

Why is her compensation in 2015 pretty much on par with Bob Iger? Under his watch Disney acquired Pixar, Marvel, and Lucasfilm. I understand that Disney shares didn't perform as well as expected and ESPN is shaky but the company is healthy. Yahoo shares stunk in 2015.

Buying Pixar brought Lasseter back to Disney and Iger put him in charge of both Pixar and Disney Animation Studios. Disney Animation is now a beast. Live action Disney films are making a killing at the box office.

Mayer should give money back to Yahoo.

 

[davepoobond]

it was a good run, Yahoo