1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Marissa Mayer will get $186M golden parachute from Yahoo

Discussion in 'BlackHat Lounge' started by BassTrackerBoats, Apr 25, 2017.

  1. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

    Joined:
    Mar 10, 2010
    Messages:
    17,336
    Likes Received:
    31,817
    Occupation:
    Selling CPA Sites
    Location:
    Not England
    Home Page:
    Tank a company with some horrible moves and you get 186MM.

    Yahoo Chief Executive Marissa Mayer may not have been able to save the company she joined nearly five years ago — but she certainly saved her bank account.

    Mayer will receive $186 million for the stock, stock options and restricted stock units she holds if shareholders on June 8 vote to approve the $4.48 billion sale of Yahoo’s core search and email service to Verizon, according to a report.

    The eye-popping sum was revealed less than two months after Yahoo’s board decided not to award Mayer any 2016 bonus in the wake of Yahoo’s epic data breach, in which the board said “certain senior executives did not properly comprehend or investigate” the hacks.

    In a March Tumblr post, Mayer said she had “expressed my desire that my bonus be redistributed to our company’s hardworking employees, who contributed so much to Yahoo’s success in 2016.”

    Mayer in March also gave up any equity award for 2017, whose value Recode had estimated at $14 million. At the time, Mayer’s payout after the Verizon sale is complete was pegged at $55 million by the company.

    Now, it’s unclear whether Mayer plans to share any of the much-bigger golden parachute it turns out she’s getting, details of which were included in a regulatory filing Monday.

    The whopper of a payday does not include her salary, bonuses and stock awarded over the past five years, or the stock she’s already sold.

    With her sizable checks included, Mayer, who joined the ailing search giant in 2012 from Google, will have pocketed more than $200 million from the Sunnyvale, Calif., company, according to the New York Times, which first reported on the filing.

    Her $186 million in Yahoo stock, stock options and restricted stock units are based on Monday’s stock price of $48.15, according to data filed Monday in the documents sent to shareholders about the Verizon deal.

    Source:http://nypost.com/2017/04/25/marissa-mayer-will-get-186m-golden-parachute-from-yahoo/
     
    • Thanks Thanks x 6
  2. kontentguy

    kontentguy Regular Member UnGagged Attendee

    Joined:
    Jun 10, 2014
    Messages:
    433
    Likes Received:
    142
    Gender:
    Male
    Occupation:
    White hat agency
    crazy that she paid $1.1 billion for Tumblr
    if only she had bought Instagram for even less
     
    • Thanks Thanks x 1
  3. Rosca

    Rosca Junior Member

    Joined:
    Oct 8, 2012
    Messages:
    192
    Likes Received:
    82
    Location:
    College
    No wonder why it takes forever to give a damn about Yahoo email.
     
  4. Ste Fishkin

    Ste Fishkin BANNED BANNED

    Joined:
    May 14, 2011
    Messages:
    2,058
    Likes Received:
    8,214
    Between this chick and that bitch at reddit they have set back Women CEOs in tech by many years.

    To be fair facebook got in much earlier and got a steal.
     
    • Thanks Thanks x 7
  5. kontentguy

    kontentguy Regular Member UnGagged Attendee

    Joined:
    Jun 10, 2014
    Messages:
    433
    Likes Received:
    142
    Gender:
    Male
    Occupation:
    White hat agency
    ya not the most fair comparison, but tumblr was such a poor purchase, even at the time
    mayer and her c suite all thought it would be the next facebook
    they bet on the wrong horse
     
    • Thanks Thanks x 1
  6. ScaleitupPal

    ScaleitupPal Newbie

    Joined:
    Apr 26, 2017
    Messages:
    3
    Likes Received:
    1
    Gender:
    Male
    so true
     
  7. escobart

    escobart Regular Member

    Joined:
    Mar 18, 2017
    Messages:
    219
    Likes Received:
    50
    Gender:
    Male
    thanks to mayer cause buy tumblr, now everyone can watch porn, and makes money tumblr porn + cpa LOL
     
    • Thanks Thanks x 4
  8. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

    Joined:
    Mar 10, 2010
    Messages:
    17,336
    Likes Received:
    31,817
    Occupation:
    Selling CPA Sites
    Location:
    Not England
    Home Page:
    When Yahoo bought tumblr 1 in 6 tumblrs were porn.

    Due diligence was not a part of the purchase for sure.
     
  9. Vladamir

    Vladamir Power Member

    Joined:
    Jan 4, 2012
    Messages:
    572
    Likes Received:
    342
    Gender:
    Male
    Occupation:
    Restore Old Boats
    Location:
    Zihuatanejo, Ixtapa, Mexico
    I think shes like the 6th largest of the decade..."
    Jack Welch, for instance, started the decade off by stepping down as CEO of General Electric, pocketing $417 million in the process.

    Likewise, Exxon Mobil’s Lee Raymond walked away from his job in 2005 with a $321 million severance package and Gillette’s James Kitts walked away with a $165 million dollar payout."

    It pays to suck sometimes, like being a crap nfl backup qb that shows flashes, then sucks when hes put in dropped for millions and picked back up to be dropped again.
     
  10. disaffected

    disaffected Junior Member

    Joined:
    Nov 9, 2008
    Messages:
    146
    Likes Received:
    51
    Wonder if there is still time to sell her some of my shitty penguinized MNS's.
     
  11. Shaunm

    Shaunm Jr. VIP Jr. VIP

    Joined:
    Mar 27, 2014
    Messages:
    2,119
    Likes Received:
    1,064
    Home Page:
    I have not been paying much attention to how Yahoo have been doing but she was the 20th employee taken on by Google back when it all started, before they were worth crazy money. Just starting the rumor mill that she never actually left and has been sent on a covert mission to destroy Yahoo :).
     
  12. rafark

    rafark Regular Member

    Joined:
    Jan 15, 2013
    Messages:
    439
    Likes Received:
    221
    Gender:
    Male
    Occupation:
    Moderador
    Location:
    Noble and Heroic MC
    Who uses yahoo these days though
     
  13. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

    Joined:
    Mar 21, 2013
    Messages:
    12,774
    Likes Received:
    11,427
    Occupation:
    COINZ
    Location:
    BUYAH
    Home Page:
    I always thought she was a trojan horse sent to Yahoo.
     
    • Thanks Thanks x 2
  14. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

    Joined:
    Oct 23, 2014
    Messages:
    754
    Likes Received:
    7,211
    Some of the porn blogs use up a ton of storage, A few I scrapped were in the range of 3-5 GB of jpgs,gifs and png files. Many of them have several multi MB .gif files on the front page. That's got to be using up an insane amount of bandwidth for little to no reward.
     
    • Thanks Thanks x 3
  15. radiant13

    radiant13 Power Member

    Joined:
    May 19, 2010
    Messages:
    614
    Likes Received:
    360
    The magnitude of the reward for doing a bad job is just mind blowing. It could only happen in America.
     
    • Thanks Thanks x 1
  16. Gereral_Zod

    Gereral_Zod Registered Member

    Joined:
    Jul 11, 2016
    Messages:
    61
    Likes Received:
    80
    Gender:
    Male
    I'd image those whopping golden parachute packages also serve as "hush money" too.

    There are some corporate transactions that only the CEO is privy to, for obvious reasons. The line between morality and maximising shareholders wealth has become blurred in the past decades...
     
  17. hippo123

    hippo123 Jr. VIP Jr. VIP

    Joined:
    Mar 9, 2016
    Messages:
    1,966
    Likes Received:
    437
    Looks like the Trojan Horse method worked. Brilliant corporate move by the big G
     
    • Thanks Thanks x 1
  18. MisterF

    MisterF Jr. VIP Jr. VIP

    Joined:
    Nov 29, 2009
    Messages:
    7,835
    Likes Received:
    6,335
    Occupation:
    Conference Organiser, Business Advisor.,
    Location:
    JADIP
    Home Page:
    Happens so much in banking, traders screw up, banks take huge losses. Banks then need to be bailed out by public money, but the traders still get huge bonuses.
    Back in the UK it also happens with NHS Trust bosses, who plunge their hospitals so far in debt it is a nightmare, so they get a payout and move onto the next Trust to screw that one up.

    Hey, let's reward failure with a bonus.
     
  19. kontentguy

    kontentguy Regular Member UnGagged Attendee

    Joined:
    Jun 10, 2014
    Messages:
    433
    Likes Received:
    142
    Gender:
    Male
    Occupation:
    White hat agency
    thats an interesting take actually re:dilligence
    we've all known tumblr was packed with porn
    and you're saying that mayer and friends simply didnt know that, and even worse, didnt research tumblr enough to realize that, and had they known/discovered the porn aspect, they would not have made the deal?
     
  20. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

    Joined:
    Mar 10, 2010
    Messages:
    17,336
    Likes Received:
    31,817
    Occupation:
    Selling CPA Sites
    Location:
    Not England
    Home Page:
    I can not imagine that had they known that tumblr is 17% or whatever porn they would have moved forward.

    Yahoo is a mainstream company and porn does not fit in what appeared to be their business model.
     
    • Thanks Thanks x 1