OUTGOING Yahoo boss Marissa Mayer will receive a $30 million ($US23 million) golden parachute, while her replacement will receive double her base salary.

IT WILL be a long, drawn-out walk to the exit for Yahoo chief executive Marissa Mayer, sources said — despite her talk on Monday that she was “planning to stay” at the web portal.

YAHOO CEO Marissa Mayer tried to hit all the upbeat notes during an annual shareholders meeting as the company considers selling its slumping internet operations.

Marissa Mayer and activist hedge fund manager Jeff Smith have been locked in a bitter struggle for control of Yahoo. Now Smith is Mayer's boss.