Marissa Mayer

If Yahoo’s CEO Marissa Mayer ever gets fired, there’s a fluffy cushion of almost $55 million waiting for her.

Yahoo’s board has hired three investment banking firms to evaluate potential bids for its Internet operations in the clearest sign yet that CEO Marissa Mayer may not have much more time to turn around the struggling company.

Yahoo is laying off about 1,700 employees and shedding some of its excess baggage in a shake-up likely to determine whether CEO Marissa Mayer can save her own job.

Yahoo’s long-running identity crisis is spiraling in a new direction now that the company is abandoning a year’s work on a tax-dodging spinoff to pursue an alternative path that will carve off its Internet business instead.

Yahoo’s board is considering an activist shareholder’s demand to sell the Internet services the company is best known for, a maneuver that might help the company dodge a tax bill of more than $10 billion looming over its holdings in China’s Alibaba Group.

Yahoo CEO Marissa Mayer says she’s pregnant with identical twins