As part of Yahoo's sale to Verizon Communications, Marissa Mayer will step down as CEO, and will be compensated $23 million. The company will also be spun off, under a different name, and a new CEO.
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If Verizon closes its deal for Yahoo, the company will change its name to Altaba Inc and current CEO Marissa Mayer will resign. The deal has seen considerable road bumps since its inception.
