5 CEOs That Are Paid $1.3B to Get Lost
CEO Marissa Mayer gets an impressive $157.9 million even if Yahoo is sold off. So she wins no matter what happens to the Internet company. But a few CEOs get even more. Mayer is one of five CEOs in the Standard & Poor’s 500, including Stephen Wynn of casino operatorWynn Resorts, David Simon of real-estate investment trust Simon Property Group, David Zaslav of media company Discovery Communications and Terry Lundgren of department store operator Macy’s, that get the largest potential payouts if their companies are taken over, according to a USA Today analysis of data from S&P Capital IQ.
Yahoo was in big trouble when Ms. Mayer arrived, Forbes observes. Growth had stalled, and its market was being chopped up by Google and Facebook. Its very relevancy was questionable as people no longer needed news consolidation sites—which had ended AOL, for example—and search with its ad placements had long gone to Google. Active Internet users were already clearly mobile social media fans, and Yahoo simply did not compete in that space.
How do CEOs manage such a lucrative end deal? Investors typically focus much more on what CEOs are paid than on golden parachutes. These arrangements—paid to most CEOs to disappear after their companies are bought out and new management brought in—are very common. Last fiscal year, 444 CEOs of S&P 500 companies had change-of-control severance payments in place, according to S&P Capital IQ. On average, the arrangements were worth $33.4 million for the CEOs.
These payments could become much more important to investors as merger and acquisition activity heats up and more companies could find themselves being bought in 2016, USA Today said.
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1:00 - 5:00 pm
We are in a period of rapid change. Customer needs, technologies, competitors and internal capabilities require companies to review and update their strategies for the new realities. In this workshop, strategy experts Steve Rutan and Denise Harrison will show you a systematic approach to strategic planning to help you refine or redefine your business strategy and approach including:
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
