Yahoo's Marissa Mayer is up for a $23-million 'golden parachute' severance package

Yahoo's Marissa Mayer is up for a $23-million 'golden parachute' severance package


Yahoo's Marissa Mayer is up for a $23-million 'golden parachute' severance package

Yahoo recently said it won't be paying Mayer's annual bonus or giving her a potentially lucrative stock award because an investigation concluded her management team reacted too slowly to one breach discovered in 2014.

Also on Monday, Yahoo said in a regulatory filing that Thomas McInerney will be CEO of the company that’s left over when the deal closes, which is to be called Altaba Inc. McInerney has been on Yahoo's board since April 2012 and has worked at IAC/InterActiveCorp and Ticketmaster.

Arthur Chong will serve as general counsel and secretary and Alexi Wellman as chief financial and accounting officer. DeAnn Fairfield Work was named chief compliance officer.



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