Yahoo (YHOO) Executives Just Won Golden Parachutes

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Yahoo is about to make a huge sale to Verizon ($4.8 billion huge) and several of the company’s executives, including its CEO, have just been rewarded golden parachutes.

The group of top five Yahoo executives were listed in a regulatory filing.

CEO Marissa Mayer’s parachute is valued at a little more than $44 million, a total Mayer would receive after she leaves and Verizon completes the purchase of Yahoo.

The $44 million consists of $41 million in stock grants, as well as $3 million in cash. According to a Yahoo filing with the SEC, the cash is primarily a $2 million bonus and a $1 million base salary.

The company’s chief revenue officer, Lisa Utzschneider, has a parachute valued at $20.5 million. This includes $19.2 million in stock and $1.2 million in cash.

Company general counsel Ronald Bell, has a parachute of $12.4 million, including $11.1 million in equity, and $1.2 million in cash.
Chief Financial Officer Ken Goldman has been granted a $12.2 million golden parachute, consisting of $11 million in stock and $1.2 million in cash.

Co-founder and Chief Yahoo David Filo, also received a parachute, but a lot smaller than the rest at $65,000. The regulatory filing also shows that Filo, as of the filing date on Sept. 9, owned roughly 70.7 million shares of Yahoo and at the current stock price, this has a value of roughly $3 billion.

It’s safe to say that everybody will have a very nice payday.

Disclaimer: We have no position in Yahoo! Inc (NASDAQ: YHOO) nor Verizon Communications Inc.(NYSE: VZ) and have not been compensated for this article.