Yahoo gives CEO Marissa Mayer severance package worth $55M
There's been little light for Yahoo in the time Marissa Mayer has been at its helm. The company is trapped in a spiral of declining revenues, and in February it said that its core assets are up for sale.
On Friday, the company disclosed the packages that will be available to key executives if they are ousted in the event of a sale. Mayer will be paid $54.8 million in cash and stock if she's removed from her job within a year of a sale.
Yahoo has no deadline for reaching a decision on a sale, but The Associated Press reported Friday that analysts "expect a deal to be struck within the next two months at a price ranging anywhere from $4 billion to $10 billion."
