Yahoo GC Could Receive $9M in Severance
Bloomberg Law is reporting that Yahoo General Counsel Ronald Bell could receive as much as $9 million in severance payout as a result of Verizon Communications’s $4.8 cash acquisition, according to the company’s filings.
In the report, Gabe Friedman points out that Bell’s so-called golden parachute payday is subject to a number of caveats, including that Verizon closes its deal to purchase Yahoo and that he is terminated.
By analyzing SEC filings, Friedman estimated severance payouts for other Yahoo executives, including $54.8 million the company’s CEO Marisa Mayer, $19.8 million for its chief revenue officer Lisa Utzschneider, and $16.1 million for chief financial officer Ken Goldman.
“All of those payouts are dependent on a number of factors, including that the executives leave the company,” according to the report.
