Verizon Completes $4.48 Billion Acquisition of Yahoo; Marissa Leaves with $23 Million

Megalith

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Verizon announced plans to buy Yahoo's core internet business nearly a year ago, and that tale has come to an end: assets have been acquired for $4.48 billion and will be combined with AOL brands under a new subsidiary called Oath, headed by former AOL CEO Tim Armstrong. Marissa Mayer, who penned a goodbye letter to her employees, has also officially resigned from the company. They say that 2,000 jobs may be slashed as Yahoo and AOL integrate.

Verizon has completed its $4.48 billion acquisition of Yahoo's core internet business and said Tuesday that Marissa Mayer is stepping down. The assets, which include Yahoo Finance, will be combined with AOL brands such as the Huffington Post under a new subsidiary called Oath. Tim Armstrong, former CEO of AOL, will head the subsidiary, which houses more than 50 media and technology brands. Mayer, Yahoo CEO since July 2012, is expected to receive a "golden parachute" payment that filings with the Securities and Exchange Commission say is worth more than $23 million.
 
She gets 23 Million dollars and 2,000 people get 0 dollars?

What did she do anyways?

Worked hard enough / slimy enough to become CEO.

Those 2,000 people will be fine if they have any market value, if they don't have any market value then that's their fault.
 
She gets 23 Million dollars and 2,000 people get 0 dollars?

What did she do anyways?

She doubled the share price. I am sure there is a severance package. There usually is for publicly traded tech companies.
 
I think marissa enabled the company to serve food to the employees for free.

Real question is how much did jerry yang miss out on when he rejected microshafts $10 or was it $8 billion dollar offer?
 
Yea i think the real story is the fact that Verizon STILL paid 4.48 billion for a company that not once but TWICE in a matter of months that had HUGE security data breaches that gave out its users personal info.....
 
I think this is wrong, i read that she is getting 230 million? maybe im uninformed but maybe you left a 0 out ;p
 
Knowing how inept Melissa Meyer was I think Yang takes the cake on not selling it for 40 Billion. Words cannot justify the stupidity in that one.
 
She gets 23 Million dollars and 2,000 people get 0 dollars?

What did she do anyways?

Well I won't sya she ran it into the gorund, it was pretty much there when she showed up, but she definitely stomped on it and ground it in a bit further before this golden parachute.
 
Well I won't sya she ran it into the gorund, it was pretty much there when she showed up, but she definitely stomped on it and ground it in a bit further before this golden parachute.

Perhaps, but I just don't know what she or anyone could have done to save Yahoo. By the time she got there they just didn't have anything in house to save the company.
 
Perhaps, but I just don't know what she or anyone could have done to save Yahoo. By the time she got there they just didn't have anything in house to save the company.
Not buying tumblr probably wouldn't have hurt.

Maybe try to use yahoo to push Ali business stateside.
 
Flickr has been acting up the past week or so. Bet they pull the plug.
 
I feel like I deserve an opportunity to take a company and drive it into the ground, and get paid millions. I'm sure I couldn't do a worse job that Marissa.
 
I'm sure I couldn't do a worse job that Marissa.

There any number of jobs anyone could probably do as well as the person with the credentials and experience commensurate with that position. But unfortunately most big companies don't just hire as CEO though it would be interesting to see the results if they did. Very few CEOs are probably worth what they are paid, at that level your paid because that's just what those kinds of jobs pay. Not saying it's easy, there's was nothing easy about the Yahoo CEO job. But yeah, most anyone would could have produced the same results in this case.
 
I said I'm amazed someone paid over 4.8 million. 4.48 billion is quite much over that.

Yeah, but when you consider Facebook paid $19 billion for WhatsApp, it's becoming harder and harder to rationalize deals being made in the tech industry these days. Feels like 1999 all over again.
 
Yeah, but when you consider Facebook paid $19 billion for WhatsApp, it's becoming harder and harder to rationalize deals being made in the tech industry these days.
That's why they get paid the big bucks.
 
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