Issue link: https://maltatoday.uberflip.com/i/815607
maltatoday, WEDNESDAY, 26 APRIL 2017 11 Business Today www.creditinfo.com.mt info@creditinfo.com.mt Tel: 2131 2344 Your Local Partner for Credit Risk Management Solutions Supporting you all the way Marissa Mayer walks away from Yahoo with $186 million Yahoo Chief Executive Marissa Mayer may not have been able to save the company she joined nearly five years ago — but she is set to make $186 million from Yahoo's sale to Verizon. Mayer will receive $186 million for the stock, stock options and restricted stock units she holds if shareholders on June 8 vote to approve the $4.48 billion sale of Yahoo's core search and e-mail service to Verizon, according to a report. She has a total of 4.5 million shares of Yahoo stock and options, plus restricted stock that will vest when the Verizon deal goes through, according to a filing on Monday. Yahoo said last week it expected the deal to close in June. Once Mayer pays to exercise her options, she'll be left with $186 million, based on Yahoo stock's closing price of $48.15 a share on Monday. She will also get a $3 million golden parachute -- cash severance that accompanies the sale of the company. The companies announced the sale in July 2016. Yahoo's stock price has tripled since Mayer took over, but her tenure has been tumultuous. The company stripped Mayer of her bonus for last year after hackers compromised 1 billion user accounts. The breach also caused Verizon to shave $350 million off the previous sale price of $4.8 billion. To her credit, Mayer did find a buyer for Yahoo's core internet operation, which includes Yahoo.com, the company's ad and video businesses, and a suite of mobile apps. In a March Tumblr post, Mayer said she had "expressed my desire that my bonus be redistributed to our company's hardworking employees, who contributed so much to Yahoo's success in 2016." At the time, Mayer's payout after the Verizon sale is complete was pegged at $55 million by the company. Now, it's unclear whether Mayer plans to share any of the much- bigger golden parachute it turns out she's getting, details of which were included in a regulatory filing Monday. The whopper of a payday does not include her salary, bonuses and stock awarded over the past five years, or the stock she's already sold. And Yahoo's lucrative stakes in the Chinese e-commerce giant Alibaba and Yahoo Japan will remain in the hands of current Yahoo shareholders in the form of a new, separate stock. 2020 employment target within reach Jeanelle Mifsud Malta is only 0.4 percentage points away from reaching its 2020 national target for employ- ment rates, Eurostat data has shown. The Europe 2020 strategy target is to reach a total employment rate for people aged 20 to 64 of at least 75% in the EU by 2020. While Malta's national target stands at 70%, as of 2016, the country's actual employment rate stood at 69.6%. Employment rates above 75% were recorded in Sweden (81.2%), Germany (78.7%), the United Kingdom (77.6%), Denmark (77.4%), the Netherlands (77.1%), Czech Republic (76.7%), Estonia (76.6%) and Lithuania (75.2%). When compared with 2015, Malta was among six EU member states to experience in 2016 strong growth in their employment rates for those aged 20 to 64, along with Hungary, Slovakia, Czech Republic, Spain and Lithuania. An increase was observed all member states except Luxembourg where it remained nearly stable. The Eurostat data also showed that Malta registered the widest gender employment gap for those aged 20-64 from all member states, with a difference of -27.6 percentage points (55.5% for women versus 83.1% for men). Big gaps were also recorded in Italy (-20.1 percentage points), Greece (-19 percentage points), Romania (-17.6 percentage points) and the Czech Republic (-16.0 percentage points). On the other end of the spectrum, the gap was lowest in Lithuania (74.3% for women versus 76.2% for men, or -1.9 percentage points), Latvia (-2.9 percentage points), Finland (-3.3 percentage points) and Sweden (-3.8 percentage points). From 2002 onwards, the employment rate of people aged 55-64 in the EU has grown steadily to reach 55.3% in 2016, compared with 38.4% in 2002. The growth was stronger for women, who registered a increase from 29.1% in 2002 to 48.9% in 2016, than for men, who marked an increase from 48.2% in 2002 to 62% in 2016). As a consequence, the gap between the employment rate of women and men aged 55-64 in the EU has been reduced, from a 19.1 percentage points difference in 2002 to a 13.1 percentage points difference in 2016. Yahoo's chief executive, Marissa Meyer, will be paid $186 million when the sale of her company to Verizon completes this year Marissa Mayer will get $186M golden parachute from Yahoo Malta is only 0.4 percentage points away from reaching its 2020 national employment rate target of 70%, according to Eurostat data