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CEO! Mayer! to! get! $55m!

By Shaun Nichols, 2 May 2016

Yahoo! CEO Marissa Mayer is in line for a $55m payout following the web company's sale.

The Purple Palace broke the news on Friday with an SEC filing [PDF] that details the payout Mayer and other execs will get once a sale goes through and a "change in control" severance plan is triggered.

Under the plan, Mayer will bank a severance package and payments from stock options that will add up to $54,888,581. CFO Ken Goldman will get $16,139,538, and Chief Revenue Officer Lisa Utzschneider will make $19,880,825. ®

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