Marissa Mayer will pocket $186 million when Verizon fully acquires Yahoo next month — in yet another example of a CEO being paid for luck rather than performance.
Yahoo’s core business stagnated under Meyer’s leadership. However, when she took the job, she inherited Yahoo’s 15 percent stake in Alibaba, the Chinese e-commerce colossus. Alibaba’s increasing value caused Yahoo stock to double over her five-year tenure. And so Meyer will be rewarded handsomely for the stocks and options she holds in her company— for essentially doing nothing.
Read more here: http://nypost.com/2017/05/20/why-are-ceos-are-getting-paid-tons-of-money-for-nothing/