Yahoo CEO Marissa Mayer set to step down after Verizon deal
In a filing on Monday, Yahoo said Mayer would receive the $23 million “golden parachute” if her employment was terminated “without cause”.
Thomas J McInerney is set to become CEO of the company.
After the Verizon deal closes, Yahoo will change its name to Altbaba and become an investment company with stakes in Alibaba and Yahoo! Japan.