Yahoo‘s chief executive, Marissa Meyer, will be paid $184 Million when the sale of Yahoo to Verizon completes this year. The total payments to Ms Mayer are much higher than the company outlined last month when the firm she would be entitled to the “golden parachute” payment for losing her job.
The combination of various payments is detailed in a 429-page document (PDF) filed with the US Securities and Investment Commission (SEC).
The money includes the value of shares already owned, outstanding share options, a what most people would call a “golden parachute” payment, cash payments and medical benefits.
Yahoo will vote on the deal this June.
Ms Mayer will leave the company when the sale goes through.
Verizon said it would combine its AOL subsidiary and Yahoo into a new business called Oath.
