14 DAY TRIAL // Marissa Mayer will profit quite a bit once the Yahoo-Verizon deal is complete, as she is set to get Yahoo stock worth $186 million.
Although she'll no longer continue as CEO of Yahoo following the acquisition, Mayer will still benefit from the deal. The $186 million sums up the value of stock, stock options and restricted stock units that will all be fully vested before the deal closes, the New York Times reports.
The Times came up with the number after analyzing the new Yahoo proxy statement filed with the SEC on Monday. The filing precedes the special shareholders meeting that will take place on June 8, where the deal will be voted on. The value of Mayer's stock is based on the closing price of Yahoo stock on Monday - $48.15 - but it could change before the deal is finalized.
In total, for the five years at the company, Mayer will have been compensated more than $200 million, including salary, performance bonuses, and other payouts. Taking into consideration that her efforts to save the company only managed to sink it further, that's a pretty good payout.
An adjusted deal
Verizon has agreed to pay $4.48 billion for Yahoo, down $350 million from the original asking price of $4.83 billion. The price reduction came after the scandal regarding the two data breaches Yahoo revealed in September and December 2016, which greatly affected the company's image.
The first data breach Yahoo announced in September happened in 2014 and affected 500 million users, while the second data breach they announced in December took place in 2013 and affected a whopping 1 billion users, which gives the company the first and second place on the chart of the world's largest data breaches in history.
Yahoo is being sued left and right over these data breaches, with some 43 putative consumer class action lawsuits having been filed against it. The company is also under investigation by the SEC due to its failure to announce investors of the data breaches in a timely manner.