Yahoo shareholders will vote June 8 on whether to sell the company's internet businesses to Verizon Communications for $4.48 billion. A yes vote, which is widely expected, would end Marissa Mayer's largely unsuccessful five-year effort to restore the internet pioneer to greatness.

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But Ms. Mayer, the company's chief executive, will be well compensated for her failure. Her Yahoo stock, stock options and restricted stock units are worth a total of $186 million, based on Monday's stock price of $48.15, according to data filed on Monday in the documents sent to shareholders about the Verizon deal. More from the New York Times:

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Is It Time to Break Up Google? That compensation, which will be fully vested at the time of the shareholder vote, does not include her salary and bonuses over the past five years, or the value of other stock that Ms. Mayer has already sold. All told, her time at Yahoo will have netted her well over $200 million, according to calculations based on company filings.

Ms. Mayer did give up additional equity compensation that she would have received in 2017 as a penalty for her management team's failure to act on a 2014 breach of the company's systems that led to the theft of data on 500 million users. Last month, the federal government indicted four people, including two Russian intelligence officials, in that crime. Yahoo declined to comment on Ms. Mayer's compensation, apart from the information included in its legal filings. Most of Ms. Mayer's payout is based on the 208 percent increase in Yahoo's stock price since she left Google for Yahoo in 2012. Although Yahoo's core businesses of email, news and search continued to tread water under Ms. Mayer's leadership, long-held investments in Alibaba, China's leading e-commerce company, and Yahoo Japan, an affiliated company controlled by SoftBank, increased in value, driving up Yahoo's stock price. The sale to Verizon will leave those two investments, along with other assorted assets like a patent portfolio, in a new company called Altaba. The management of that company will seek to unlock the value of its $44 billion stake in Alibaba and its $9.5 billion stake in Yahoo Japan while minimizing a $15 billion tax bill that Yahoo estimates would be due on an outright sale.