Saturday, April 30, 2016

Is ANYONE Worth This Much Money ???

Here in a nutshell is what is wrong with US business these days.

Yahoo CEO Marissa Mayer is EXTREMELY well paid:

Yahoo compensated CEO Marissa Mayer with $42.1 million in 2015, mostly due to stock and option awards, according to a regulatory filing on Friday.

Mayer's compensation soared 69 percent year-over-year, even though Yahoo shares sunk 34 percent in 2015.

None of Yahoo's primary executives earned a bonus in 2015, but that's largely been the case over the past three years. Mayer earned a $1 million salary, $11.8 million in stock awards, $28.2 million in options and $1.1 million through a nonequity incentive plan.

You can read the rest @
http://www.hollywoodreporter.com/news/yahoo-ceo-marissa-mayers-compensation-889087

And apparently her upcoming severance package will be worth another $55 million:

Yahoo’s chief executive, Marissa Mayer, will walk away with a $55 million severance package if the company’s auction of its Internet operations culminates in a sale that ousts her from her job.

The payout, which was disclosed in a regulatory filing on Friday with the Securities and Exchange Commission, would consist of cash, stock awards and other benefits if she is forced out within a year after a sale.

You can read the rest @
http://www.nytimes.com/2016/04/30/business/big-severance-for-marissa-mayer-if-ousted-from-yahoo-after-a-sale.html

So ... almost $100 million in two years.

For doing what? Have you looked at Yahoo lately? I don't see anything there worth that kind of money for just one person, do you? I wouldn't pay that much for the whole company.

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