Elijah Nouvelage | Reuters
Marissa Mayer, President and CEO of Yahoo.
If Yahoo sells, Mayer will probably lose her job after four years as CEO and walk away with a $55 million severance package. Activist shareholder Starboard Value had threatened to lead a mutiny aimed at ousting Mayer until Yahoo agreed two months ago to give the fund four seats on its 11-member board.
Mayer, 41, defended her efforts to broaden Yahoo’s audience and sell more advertising by focusing more on mobile apps and adding hundreds of other features to its array of digital services during her nearly four-year tenure.
“We are proud of our achievements overall in our…