When news broke over the weekend that Web 1.0 company Yahoo would be sold to Verizon, the New York Times reported that this likely meant the end of CEO Marissa Mayer's reign over the troubled company. Not so, we learn today — at least according to Mayer.
In a Tumblr post this morning, Mayer explained the sale and expressed her intention to stay at the helm of the not-sinking (she promises) ship. "I’m incredibly proud of everything that we’ve achieved, and I’m incredibly proud of our team," wrote Mayer. "For me personally, I’m planning to stay. I love Yahoo, and I believe in all of you."
"It’s important to me to see Yahoo into its next chapter," she continued.
What this means exactly is unclear — is she in it for the long haul or simply to oversee the sale and eventual planned merger with AOL (another Verizon owned company) before making her exit?
Yahoo hired Mayer four years ago in a bid to inject some life into the company, but her various attempts to do so — including the production of a $1 million inspiration handbook dubbed the "Bid Red Book" — appear to have come up short.
One thing, regardless of Mayer's future with the company, appears absolutely certain — she will continue to be well compensated. According to the Times, her compensation package is worth $57 million.