Yahoo CEO Marissa Mayer's male replacement will receive double her salary

Yahoo announced its big plans to change the infrastructure of the company on Monday. The company already picked a new CEO, who will make double the salary of former chief executive Marissa Mayer, once its deal with Verizon closes. After Verizon buys the company's technology and advertising business, all that will remain of Yahoo will be an investment company for Alibaba. The investment company called Altaba will be headed by Yahoo board member Thomas McInerney once the sale goes through. Mayer, 41, could receive a severance of $23 million if she was terminated without cause, according to a company filing.