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Check out five expensive pay-outs in the biz world

Check out five expensive pay-outs in the biz worldAgencies
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Check out five expensive pay-outs in the biz world
Text: ET Bureau

Viacom CEO Philippe Dauman is set to receive a whopping $72 million payoff to step down after a bitter wrangle, reminding us of these five expensive pay outs in the biz world.
Nikesh Arora, former president, SoftBankBCCL
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Nikesh Arora, former president, SoftBank
Nikesh Arora's surprising decision to quit SoftBank last month did not come cheap for the Japanese tech company. According to reports, SoftBank booked ¥6.8 billion i n expenses a rising from Arora's resignation.

That's on top of the ¥24.6 billion he received in compensation over the previous two fiscal years.

The company bought back ¥10.7 billion of its own shares from Arora, who served as SoftBank's president.

Arora left Soft Bank after CEO Masayoshi Son, who had called him a likely successor, decided to remain at the helm of the company he founded.
Martin Winterkorn, former CEO, VolkswagenAgencies
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Martin Winterkorn, former CEO, Volkswagen
Faced with the company's widening crisis over its rigging of emissions tests, Winterkorn announced his resignation as CEO in September 2015 -but not without the assurance of a hefty severance package worth 60 million.

Though Winterkorn is yet to receive the said amount, given that he is still drawing a monthly salary despite stepping down as per company policy, he has amassed pension valued around 28 million.

And despite the scandal enveloping the German auto giant, compensation experts predict he'll receive it.
Stephen Elop, former CEO, NokiaAgencies
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Stephen Elop, former CEO, Nokia
Elop received a bigger -than expected pay-off as the Finnish firm finalised the sale of it handset business to Microsoft in 2014. Elop got 24.2 million -30 per cent more than the initial figure.

Though the company said that 70 per cent of the pay-off was funded by Microsoft, a large part of the pay off was awarded in Nokia shares, which rose after the sale of the unit was agreed.

This sparked angry reactions in Finland, with the country's economy minister, Jan Vapaavuori, reportedly saying he "found it difficult to understand the merits of this bonus."
Marissa Mayer, CEO, Yahoo
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Marissa Mayer, CEO, Yahoo
Even though Marissa Mayer's tumultuous four-year stint as Yahoo's CEO is yet to come to a close, she is set to receive giant paychecks after communication giant Verizon takes over the company in the first quarter of 2017.

If Mayer steps down -which is still an uncertainty -she'll be due about $57 million in severance.

Her enormous golden parachute would come on top of more than $162 million in salary and stock awards that Mayer received over the course of her tenure.

All told, she could exit Yahoo with around $219 million in the bank .

Image source: EPA
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