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srufolo1
srufolo1
6/19/2017 2:46:11 PM
User Rank
Platinum
Re: Yahoo didn't have a Steve Jobs...
Mayer must have known exactly what she was getting into. I'm sure she was aware of Yahoo's situation and cashed in on it very nicely.

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elizabethv
elizabethv
6/19/2017 9:55:39 AM
User Rank
Platinum
Re: Yahoo didn't have a Steve Jobs...
@dcawrey - So then was she put in that position because they knew it was failing and they decided she would be a good "leader" in a failing company. (Not sure that's the reputation I'd want.) Or was she put in that position to dismantle the company and/or see it sold. Last year about this time I was working for a different company, and we had recently had a new CEO put in place and most people thought it was very obvious that she was in that position to shut the facility down. (And she did her job well - I guess. We shut down.)

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elizabethv
elizabethv
6/19/2017 9:52:08 AM
User Rank
Platinum
Re: Yahoo didn't have a Steve Jobs...
@DHagar - But how much is someone really worth if they can only take over the position of CEO for a company that's already performing well? Admittedly I have no idea how to run a large corporation (doesn't seem to have stopped DeVos from getting her job, but I digress...) still, it seems if it's already performing, at worst if you just keep everything the same, it should continue to run well. Provide there aren't major hiccups coming up the company isn't prepared for. (Though I would say in that instance it isn't running as well as you might think.) 

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elizabethv
elizabethv
6/19/2017 9:45:36 AM
User Rank
Platinum
Re: Yahoo CEO Exits
@srufolo1 - My understanding is that George Clooney and Oprah Winfrey are pretty generous people as well. Though you are probably right, it just comes with the territory. As for CEO's who pay for people's weddings and what-not - I tend to take the more cynical "they just want a tax write-off" approach. I have heard abouta  corporation in Washington state I with a starting pay of 50k, or so. Which for a starting position is pretty decent. I have no idea how the company is doing now. 

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dcawrey
dcawrey
6/17/2017 1:26:02 PM
User Rank
Platinum
Re: Yahoo didn't have a Steve Jobs...
Heavily criticized, but someone had to take that job. 

I don't think being the CEO of Yahoo is easy. Could Mayer have done a better job? Maybe. But the company was already saddled with a lot of legacy issues before she arrived. 

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DHagar
DHagar
6/16/2017 4:51:53 PM
User Rank
Platinum
Re: Yahoo didn't have a Steve Jobs...
@mhhf1ve, I fully agree with your assessment.  They did not have the leadership, the technology capabilities or engineering. 

Also, they had 5 different CEO's in six years.  They were spending all of their time dealing with internal issues that only weakened them in the long run.  Marissa would have been effective in taking the helm for a well functioning company, they that did not describe them.

You are right, it needed a "new visionary" (ie Steve Jobs, et al) if it had any hope.

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Mike Robuck
Mike Robuck
6/16/2017 9:51:14 AM
User Rank
Author
Verizon update
Verizon will take a $500 million pretax charge for its deal to buy Yahoo's Web assets. Verizon will eliminate about 2,100 jobs or 15% of the combined Yahoo/AOL unit that is now called oath. In an SEC filing, Verizon said it would save more than $1 billion in cost savings through to 2020 due to synergies from the deal. 

 

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srufolo1
srufolo1
6/16/2017 9:01:22 AM
User Rank
Platinum
Re: Yahoo CEO Exits
@afwriter  I'm sure Mayer is laughing all the way to the bank. I would love to be paid that much for poor performance. I barely got paid when I worked my a-s off at a corporation.

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mhhf1ve
mhhf1ve
6/15/2017 7:17:39 PM
User Rank
Platinum
Yahoo didn't have a Steve Jobs...
I'm not sure how Yahoo could have been saved in hindsight... Apple had Steve Jobs to turn it around, and employees at Apple respected him because he founded the company from a garage.

Mayer didn't have that kind of cred at all. And she made a few major blunders. On top of that, Yahoo has been a haphazard collection of semi-failed startups for years. I don't think her strategy of buying Tumblr was wrong, but.. it just turned out that Tumblr was not Instagram/Snap. If Yahoo had actually gotten into a real "Mobile First" strategy, it could have turned out differently. But Yahoo didn't have the right engineers/employees. 

Apple still had some rockstar employees when Jobs returned. I'm sure Yahoo had some, but maybe not in the right fields. Eg. Apple had rockstar designers and hardware engineers, which turned out to be great to build the iMac/iPod/iPhone/etc. But Yahoo had.. great site reliability engineers? And it didn't really have a clear direction for building out the next social media platform with them....? Maybe it lacked the algorithm engineers who could keep Tumblr really engaging and useful? 

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DHagar
DHagar
6/15/2017 5:35:23 PM
User Rank
Platinum
Re: Yahoo CEO Exits
@srufolo1, very true.  They "haves" are in a different atmosphere!  Once you are in the CEO "contract" category, you are truly in a win-win proposition.

I recently saw an add for a casmiere overnight luggage bag for $500 - while I was considering how to keep it from being "scratched", I turned the page and it is for people who fly on "private jets" - obviously a world I know nothing about!

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