I clearly am in the wrong business because upon Verizon’s completion of its acquisition of Yahoo’s core internet assets, Marissa Mayer who is Yahoo’s CEO will score a $23 million dollar payday according to a filing with the Securities and Exchange Commission. If that’s not mind blowing enough, the same documents indicates that Yahoo Chief Financial Officer Ken Goldman is set to get $9.5 million in severance too. Both are expected to leave their roles once the deal goes through.
You have to wonder how someone like Mayer who among other things has allowed Yahoo to get hacked multiple times by hackers on her watch deserves that sort of payday. Not to mention that she also failed miserably to make Yahoo relevant again which led to this sale. Last time I checked, you shouldn’t be rewarded for failure. But clearly, the business world doesn’t work that way.