We all know that Yahoo is in its twilight, with allegations of mis-management by CEO Marissa Mayer, significant layoffs across the company , and a bizarre inspirational handbook. But as the big purple beast sails off into the distance, it's time to return to a topic last explored in December: What will Mayer go home with?
Sure, Mayer's firing from the company is hardly a done deal, but as CNN Money notes, if the company is sold, she'll probably be shown the door.
And sold it likely will be, as "Yahoo is in the early stages of negotiating a sale with an unnamed bidder. Verizon and private-equity firm TPG Capital are rumored to have expressed interest," they report.
According to the Chron, "Some telecommunication and media companies, such as Comcast and Fox, may be open to exploring a deal, but will only do so if private-equity firms join them."
But even as sale rumors bubble, so do rumors of Meyer's ouster, as they have since at least December 2015. At that time, we noted that if she got the boot she'd take home $59.3 million in cash and stock, a huge drop from the $157.9 million in cash and stock she would have left with at that same point in 2014.
The gold on Mayer's parachute's gotten even more tarnished in the three months since then, CNN Money now reports, because if she's fired following a sale Mayer will now get "only" $37 million: "Three years salary ($3 million), roughly $9.5 million in stock awards that are scheduled to vest over the course of 2016 and about $24.5 million worth of awards that are scheduled to vest down the road."
The real nightmare scenario (if anything involving getting millions of dollars can really be described as a "nightmare"), is if Mayer gets fired before the company sells. In that case, she gets a comparatively paltry $12.5 million, made up of "$1 million in salary, a $2 million cash bonus and $9.5 million in stock that would vest in 2016."
According to the SF Business Times, Yahoo sent prospective buyers letters asking them "what they hope to acquire and for how much, giving a deadline of April 11." The Chron reports that initial response to the letters wasn't great, as possible purchasers "think it’s overpriced" at a rumored $10 billion, though analysts estimate it's only worth $6 billion to $8 billion.