While Yahoo battle for sale, the salary of its CEO, Marissa Mayer, was reduced approximately six million dollars last year. It’s a pay cut of 15% for an executive who has not been able to stop the fall of the technology giant. But still Mayer made 36 million dollars in the year when the value of the shares of the company fell 33%.
Yahoo disclosed the total compensation of Friday Meyer in 2015 to update its annual report.
There is much attention to the payment of Mayer because his tenure at Yahoo could end soon. His odyssey four years to improve the company’s finances has not worked.
The company has spent millions of dollars buying and hiring of promising companies and well-known media personalities. He began to focus on mobile and video. However, the main business of the company -the Internet- advertising has been completely overtaken by Facebook and Google.
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.”
While Yahoo treads water, are small players in Silicon Valley who landed big deals, like Snapchat which partnered with NBC to cover the Olympics.
In an effort to reduce costs, Yahoo fired 15% of its staff earlier this year. However, the latest figures were abysmal when Yahoo posted a loss of 99 million in the first quarter of 2016. As a result, Mayer has said the sale of Yahoo is now “a priority”.
The issue has gotten so bad that activist investors swooped and now Mayer’s archenemy is his boss. Jeff Smith, manager hedge funds, which has long struggled with Mayer for control of Yahoo, has joined the board of the company, along with three other executives chosen by him.
Mayer could get more money this year if expelled from the company. Last month, CNNMoney said Mayer could be around 37 million dollars as compensation for dismissal.