SAN FRANCISCO (KRON) — On today’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black and KRON 4’s Mark Danon to talk about Marissa Mayer and Yahoo.
Yahoo just disclosed the size of its executive pay packages and Marissa Mayer stands to make millions coming or going. The CEO of the embattled online news site, currently trying to sell itself, is entitled to severance benefits valued at $54.9 million in case she is terminated without cause. The potential payout would also be triggered by a “change of control,” which includes the sale of the company.
For all the promises exchanged at the altar, parties rarely commit to telling new spouses what’s going on in their bank accounts. As a result, 33 percent of newlyweds are surprised by a partner’s financial situation and 36 percent don’t know anything about the partner’s spending habits,
Warren Buffett says he might consider taking money out of banks if they charge for deposits.
Rob Black answers Dwayne’s question: My advisor said that because I am 62, I can transfer money from my 401(k) into his firm. Should I?