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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.
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.
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.
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.
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.)
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.)
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.
batye
6/19/2017 2:56:31 PM
User Rank Platinum
Re: Yahoo didn't have a Steve Jobs...
@srufolo1 I would say she did know how to play this game right... how I see it...
mhhf1ve
6/19/2017 3:11:01 PM
User Rank Platinum
Re: Yahoo didn't have a Steve Jobs...
> "I'm sure she was aware of Yahoo's situation and cashed in on it very nicely."
It would have been hard NOT to know Yahoo's situation. Mayer did okay. It would have been a miracle (in hindsight) to pull off an Apple-like makeover like Jobs did.
It's really too bad Tumblr didn't work out. It wasn't a horrible idea to acquire a social media platform, but it just didn't get the growth it needed.
DHagar
6/19/2017 4:41:26 PM
User Rank Platinum
Re: Yahoo didn't have a Steve Jobs...
@dcawrey, very true. She did not "cause' the decline; it was already in a nosedive. Whether anyone could have saved it at that point is just speculation. To her credit, she gave it credibility and at least both she AND Yahoo will now benefit.
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