Yahoo boss Marissa Mayer in line for bumper pay day if shareholders give Verizon takeover the green light

Oliver Gill
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Marissa Mayer previously worked at Yahoo rival Google where she was the search giant's first female engineer (Source: Getty)

Marissa Mayer, Yahoo’s soon-to-be former chief executive, is in line to receive $186m (£145m) in stock and options as part of the US telecoms giant Verizon’s $4.8bn takeover of the internet firm.

The award was revealed within a regulatory announcement and will likely be waved through if shareholders give the Verizon takeover the green light when they vote on 8 June.

Mayer previously gave up her 2017 bonus worth $2m after Yahoo was the subject of two mammoth cyber attacks.

Read more: Yahoo beats expectations in the first quarter of 2017

Alongside senior executives David Filo, Eddy Hartenstein, Richard Hill, Jane Shaw, and Maynard Webb, Mayer announced in January she would step down from the position she has held at Yahoo since 2012.

The Verizon deal came under pressure at the end of last year after Yahoo was the subject of two enormous hacks within a matter of months.

In December the firm was hit by the biggest cyber breach of all time, with 1bn accounts being breached. In September 500m accounts were accessed.

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