All websites that are owned by the US Internet company Yahoo, now officially passed into the hands of Verizon. A former CEO of Yahoo Marissa Mayer, who once left Google, for taking this position, now leaves a pretty solid amount – nearly $260 million, writes CNN.
According to the latest data submitted to the Securities and Exchange Commission, Mayer owned about 4.5 million Yahoo shares, including options and restricted stock units.
Yahoo shares closed trading around $52.01 a share on Tuesday. Mayer, who will remain in Verizon, will receive 23 million dollars in damages for her departure from Yahoo.
Yahoo spokeswoman did not comment on compensation Mayer.
Altaba, the new company, which includes shares of giants in the field of e-commerce Alibaba, Yahoo Japan and other assets of Yahoo, which are not sold to Verizon, were not found immediately for comment.
The mandate of Mayer at Yahoo was very stormy, and some would argue that it never reached the top, which was expected after excitement that cause with the departure of Google and her successful stay there.
The decision to acquire the social network Tumblr for $1 billion was not up to the expectations of Mayer and Yahoo. In addition, attempts Mayer made to focus more on mobile services and social networks also failed. Moreover, Yahoo was also struggling with fears that suffered extensive damage from the massive security breach of its systems.
To be fair, Mayer did not get the best, when she joined Yahoo. For years the company struggled with serious problems because of mistakes made by the previous CEO Terry Sim and Carol Bartz. If you forget, in early 2012 the former director of PayPal Scott Thompson led the Yahoo, but left shortly after it turned out that in his biography is quite inconsistencies.
Yet Mayer managed to sell Yahoo’s core business to Verizon for $4.5 billion despite ongoing worries about the Internet company and its lag behind Google and Facebook in the race of digital advertising.
Can Yahoo to regain the glory of the mid and late 90s? This will no longer be the responsibility of Mayer. This daunting task falls on the shoulders of Tim Armstrong, CEO of AOL, who is now CEO of Oath.