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 clrmoney
6/13/2017 3:14:21 PM User Rank Platinum 
Yahoo CEO Exits
The Yahoo CEO has made many contributions to Yahoo etc. I use Yahoo for web searching emails etc. So with Verizon purchasing it that will be more revenue for them as a business.
 Mike Robuck
6/13/2017 4:10:30 PM User Rank Author
Re: Yahoo CEO Exits
I don't think Yahoo's demise can entirely be blamed on Mayer, but she never seemed to have a handle on moving Yahoo forward. I can recall when everyone in an office I worked in used Yahoo for search until a co-worker said we should try Google. I can't recall the last time I've used Yahoo for a search, but I do go to the finance section on occasion.
 DHagar
6/13/2017 6:20:08 PM User Rank Platinum
Re: Yahoo CEO Exits
@Mike, I totally agree! Yahoo lost its way and was not able to recapture their earlier leadership position. Google and others have become much more relevant! They were the predominate system but failed to look at the developing market.
I also agree about Mayer, she took over when the ship was already sinking. She did not appear to know how to redirect it or lead to new relevance. She did a good job, but not good enough! I also agree we should not shed tears for her, she walks away with good comp. for her time and efforts. Now it will be interesting to see what happens.  Ariella
6/14/2017 9:34:27 AM User Rank Author
Re: Yahoo CEO Exits
@Mike when gold just doesn't convey it, we have to name it platinum. Maybe the next CEO to get the boot will have a diamond parachute!
I haven't used Yahoo search either. The only time I end up on its site is when I read a news outlet draw on Yahoo news for its article. That's because I always like to trace news to the original reported source. Ariella
6/14/2017 9:34:29 AM User Rank Author
Re: Yahoo CEO Exits
@Mike when gold just doesn't convey it, we have to name it platinum. Maybe the next CEO to get the boot will have a diamond parachute!
I haven't used Yahoo search either. The only time I end up on its site is when I read a news outlet draw on Yahoo news for its article. That's because I always like to trace news to the original reported source.  srufolo1
6/14/2017 9:59:17 AM User Rank Platinum
Re: Yahoo CEO Exits
@Ariella Why do I not remember Yahoo as a search engine? I think I've only ever used Google, and I hate it when "Bing" comes up. I do not like that search engine. As far as Mayer goes, don't know much about what she did or didn't do at Yahooooo, but she's pretty much set for life now. Some people are just very lucky.
Ariella
6/14/2017 10:04:54 AM User Rank Author
Re: Yahoo CEO Exits
@srulofo1 In truth, she would have been sitting pretty even without this. Her husband is Zachary Bogue, who is worth a few hundred mil in his own right.
srufolo1
6/14/2017 10:10:17 AM User Rank Platinum
Re: Yahoo CEO Exits
@Ariella Most powerful couple, also apparently a most heartless couple. http://gizmodo.com/marissa-mayers-husband-donated-2-500-to-screw-over-the-1787724913
 elizabethv
6/15/2017 8:37:34 AM User Rank Platinum
Re: Yahoo CEO Exits
@srufolo1 - In my "anti-coporations" belief system, I generally see most people with that kind of money as heartless. Perhaps it takes that kind of "heartlessness" to get there. As for people who think keeping homeless out of tents will solve the problem of homelessness - they lack the understanding for why people lose their homes to begin with. His view makes perfect sense when you look at who he is and where he comes from.
srufolo1
6/15/2017 9:19:39 AM User Rank Platinum
Re: Yahoo CEO Exits
@elizabethv The greed gets to them. There are a few people with lots of money that are not heartless, such as some actors and musicians, including Bono and I'd like to squeeze Brad Pitt in here. Guess they are not corporations. However, you do hear of the occasional story where a CEO of a corporation pays for people's weddings or makes sure they don't get paid any more than what their workers do. How long these corporations last though is another question.
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.
 Michelle
6/14/2017 2:10:30 PM User Rank Platinum
Re: Yahoo CEO Exits
@Ariella Yeah, she didn't NEED to work at all when she took the job.
I think I'm ready for a short-term CEO gig that pays well... elizabethv
6/15/2017 8:31:00 AM User Rank Platinum
Re: Yahoo CEO Exits
@Michelle - I'd be good with a short term, well-paying CEO gig. Who's hiring?
Mayer had qualifications that got her the job, I'm sure. They didn't just hire her because she already had money and didn't need more. Michelle
6/19/2017 11:51:04 PM User Rank Platinum
Re: Yahoo CEO Exits
@elizabethv Yes, she'd worked in upper level management at Google for quite some time. I believe she was one of the first engineers hired. She seemed like the right choice at the time.
I believe Yahoo was a sinking ship long before Meyers was hired. I don't know that she could have done enough to keep it afloat. It's unfortunate the old brand is dying out... elizabethv
6/21/2017 9:11:22 AM User Rank Platinum
Re: Yahoo CEO Exits
@Michelle - But then my thought would go to - if it was a sinking ship, and she was THAT good, why didn't she know that and know to leave well enough alone? Or maybe there was a part of her that believed she could save it, and she ended up just being wrong.
DHagar
6/21/2017 6:00:13 PM User Rank Platinum
Re: Yahoo CEO Exits
@elizabethv, I do think she tried and believed that her efforts and acquisitions would work. I don't believe she sat by and just watched the ship sink.
 freehe
6/21/2017 9:16:04 PM User Rank Platinum
Re: Yahoo CEO Exits
@elizabethtv. Good point. I was thinking the same thing. The things that kept at Yahoo - pride and salary.
CEOs that are fired can always find another job as CEO as another company. CEOs just get recycled and move from one company to the next.  mpouraryan
6/22/2017 4:30:40 PM User Rank Platinum
Re: Yahoo CEO Exits
She tried to be "Google" in some ways--and there can only be one Google--just like there is one Facebook. Let's see what Verizon does now with its' 50+ properties out there. It will be interesting--needless to say :)
DHagar
6/22/2017 4:54:07 PM User Rank Platinum
Re: Yahoo CEO Exits
@mpouraryan, great assessment. Yes, you cannot have two high-performing Googles. When you try the copying route, you end up with the risk of becoming just a utility - which cannot support profits and ongoing development.
DHagar
6/21/2017 6:02:53 PM User Rank Platinum
Re: Yahoo CEO Exits
@Michelle, I agree with you. She was viewed as a capable executive. But Yahoo had a long long way to climb back in order to become competitive. It is no longer enough to just be in the game, you have to remain competitive and continue to reinvent yourself - in a time period that enables you to transition. They threw her the ball late in the game.
Michelle
6/21/2017 10:42:59 PM User Rank Platinum
Re: Yahoo CEO Exits
Yahoo developed so many problems it would have taken a miracle to save it. I kinda wonder if Mayer knew that and signed on anyway. I agree she might have believed she could be the one to save the aging company.
mpouraryan
6/22/2017 2:53:54 PM User Rank Platinum
Re: Yahoo CEO Exits
There is no question the "seeds of decline" were set long before Marissa Meyer came on board--some of their forays (for instance Tumblr) was an interesting move--I still have a Tumblr blog, for instance-and have my account on Flickr--Yahoo will endure under Oath and I am sure Tim Armstrong will intergrate it all with his penachat for automation>
DHagar
6/22/2017 4:52:12 PM User Rank Platinum
Re: Yahoo CEO Exits
@mpouraryan, good example of some positive contributions she made. Not everythiing was a failure. She just was not able to turn it around in time to recapture the competitiveness it once held.
mpouraryan
6/22/2017 5:06:31 PM User Rank Platinum
Re: Yahoo CEO Exits
As I noted, lessons to be learnt no doubt--but the ecosystem she helped transform that helped sustain is, in my view, commendable...if only the start up I work for, The Daily Outsider, could have 1% percent of the monetized traffic :) :) I have to check myself on this point, though: Be careful what you wish for :) :)
DHagar
6/22/2017 7:07:53 PM User Rank Platinum
Re: Yahoo CEO Exits
@mpouraryan, great points. I fully agree! Sounds like you have been involved in successful ventures - congratulations!
Thanks for sharing! mpouraryan
6/22/2017 7:16:39 PM User Rank Platinum
Re: Yahoo CEO Exits
The verdict is still out on the most current one--but it has been fun so far :) :) Thanks for the kind and considerate words as always !!
DHagar
6/22/2017 7:30:37 PM User Rank Platinum
Re: Yahoo CEO Exits
@mpouraryan, with the right leadership it will continue on the right course - congratulations!
srufolo1
6/15/2017 9:15:51 AM User Rank Platinum
Re: Yahoo CEO Exits
@Michelle I'm always looking for the "like" button on these comments. lol Joking aside, I am also ready for that short-term gig. As the old saying goes: "The rich get richer." I've never seen a statement more true.
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! Michelle
6/19/2017 11:51:55 PM User Rank Platinum
Re: Yahoo CEO Exits
Heh, thanks for the "like". Likes aren't as obvious here as they are on other sites that shall not be named...
srufolo1
6/20/2017 1:55:27 PM User Rank Platinum
Re: Yahoo CEO Exits
@Michelle. You're welcome. Always looking for the "Like" button, but then realize I actually have to "Reply" to someone's comment.
 afwriter
6/15/2017 12:17:35 AM User Rank Platinum
Re: Yahoo CEO Exits
Yahoo was THE search engine in my high school years until a little company called Google came along and turned their name into a verb.
afwriter
6/15/2017 12:15:21 AM User Rank Platinum
Re: Yahoo CEO Exits
@Mike I will take all of the blame for Yahoo's woes if it means I get that kind of money.
DHagar
6/15/2017 5:31:45 PM User Rank Platinum
Re: Yahoo CEO Exits
@afwriter, count me in as well! Pride/humility can be monetized!
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.
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.
elizabethv
6/14/2017 9:14:35 AM User Rank Platinum
Yahoo
It'll be really interesting to see what Verizon has in store for Yahoo! Now that I'm typing this I am thinking of the commercials they used to run with the guy that said "Yahooooo!" At the end. Maybe that was part of their demise, the commercials slowed down as Google became the power giant it is today. So while Google's name was getting tossed around the office, no one heard "Yahooo!" to remind them to go back to the site. I do still know a few people that use Yahoo, but there aren't many and they are far between.
afwriter
6/28/2017 11:24:31 PM User Rank Platinum
Re: Yahoo
It would be interesting to go back at the time of the rise of Google to see if you could pinpoint where Google started to take over and if there was anything Yahoo could have done to hold on.
 mhhf1ve
9/11/2017 7:32:57 PM User Rank Platinum
Re: Yahoo
> "...pinpoint where Google started to take over and if there was anything Yahoo could have done to hold on..."
Well, there was that one time when Yahoo could have bought Google.... 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? 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 9:55:39 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.
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 5:02:58 PM User Rank Platinum
Re: Yahoo didn't have a Steve Jobs...
@mhhf1ve, I agree with your assessment. She did not fail, she just did not have that "superman" capability of a rare Steve Jobs (there was only one), to pull the company out of its existing nosedive.
mpouraryan
6/22/2017 4:38:03 PM User Rank Platinum
Re: Yahoo didn't have a Steve Jobs...
As I noted before, it is a solid lesson in leadership that needs to be studied no doubt. I am more concerned about what Farhad Mahjoo referred to as the "Frightful Eight" as they get the be ever so stronger.
afwriter
6/28/2017 11:27:34 PM User Rank Platinum
Re: Yahoo didn't have a Steve Jobs...
Either they wanted a captain to go down with the ship or they actually thought she would be able to turn it around.
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.
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.)
DHagar
6/19/2017 5:00:45 PM User Rank Platinum
Re: Yahoo didn't have a Steve Jobs...
@elizabethv, most employment contracts (which set up the parachutes) are based on expectations for what value the executive will bring - so they are placing bets that the name, contacts, vision, execution, etc., will deliver this value to the company. So in my mind, it is less a matter of expectation of how they will manage and more a bet on what they can create.
The parachute then exists - one way or the other - based on this expectation. Plus, don't forget these contracts are also intended to compete against other companies who may want this executive. elizabethv
6/21/2017 9:10:14 AM User Rank Platinum
Re: Yahoo didn't have a Steve Jobs...
@DHagar - I didn't even think about a persons contacts as being a part of why a person might be desirable to a company, but you're definitely right in that respect. As much as I hate it, networking is a huge part of our world today, and who you know can really make a difference in a lot of ways.
DHagar
6/21/2017 5:58:47 PM User Rank Platinum
Re: Yahoo didn't have a Steve Jobs...
@elizabethv, great thoughts. Yes, networking is key and becoming a growing influence on how we socially and professionally function and operate in an ever changing world.
freehe
6/21/2017 8:09:59 PM User Rank Platinum
Platinum Parachute
I am a shareholder for a few companies such as Apple, Verizon and Target. I get to vote yearly on companies issues. One of the issue that most companies get input from shareholders on is executive compensation and parachute plans. I always vote for the lower package, perks and benefits.
CEOs don't really work hard to deserve platinum parachute packages. All of the employees below them work hard and provide the information that the CEO needs to make decisions - good or bad. elizabethv
6/22/2017 9:08:48 AM User Rank Platinum
Re: Platinum Parachute
@freehe - I'm glad there are at least a few people out there who are voting to keep the wages of CEOs down. I think the bigger the company, the smaller the influence a CEO has on the company as a whole. There are always people in other positions making decisions about the company, it's all clockwork. And they really don't effect culture nearly as much as divisional managers tend to. It all tends to come down to a number of smaller "companies" that work as part of a larger corporation.
freehe
6/21/2017 9:13:11 PM User Rank Platinum
CEOs Blame
CEOs always get blamed when a company starts to decline. However, in some cases the decline of a company could have started prior to hiring that CEO and may take several years to address all the major issues especially since the CEO does not have carte blanche and must get input from the Board Members.
elizabethv
6/22/2017 9:16:54 AM User Rank Platinum
Re: CEOs Blame
@freehe - that's an excellent point. Just because Mayer was at the helm when the company officially failed doesn't mean the blame should lay entirely at her feet. There very likely was little she could have done. Especially given the limited amount of time that she was CEO of the company. It's like inheriting a house that's already been condemned.
freehe
6/21/2017 9:13:12 PM User Rank Platinum
CEOs Blame
@DHagar, I agree. CEOs always get blamed when a company starts to decline. However, in some cases the decline of a company could have started prior to hiring that CEO and may take several years to address all the major issues especially since the CEO does not have carte blanche and must get input from the Board Members.
mpouraryan
6/22/2017 2:51:24 PM User Rank Platinum
Re: CEOs Blame
Yahoo's decline is a test case of what "not to do"..We need to remember We used to say "Yahoo" before we know say "google" right? Yahoo forgot its' mission--but Google hasn't despite its' foray into driverless cars/etc.--the mission remains the same--as for instance with its' foray now into Jobs (which I think entities like Glassdoor/etc. should be concered about)....
afwriter
6/28/2017 11:31:13 PM User Rank Platinum
Re: CEOs Blame
Google has continued to change its algorithms to deliver the best search results. Maybe Yahoo didn't do that or their algorithms just weren't up to snuff. Either way they were definitely left in the dust at the thing they were supposed to be best at.
mhhf1ve
9/11/2017 7:37:32 PM User Rank Platinum
Re: CEOs Blame
> "Google has continued to change its algorithms to deliver the best search results. Maybe Yahoo didn't do that..."
Yahoo arguably wasn't in the same business as Google. You seem to think that Google is in the search business, but it's not. It's in the advertising business. And Google's *real* algorithm that makes it money isn't the one that improves its search results for end users, but the bidding algorithms for AdWords/AdSense.... Yahoo and other companies that had search engines never came close to creating the same kind of competitive market for keywords -- not because they didn't have decent search results, but because they didn't have the right algorithms for making advertisers fight each other to pay for the privilege of placing links near related searches. Microsoft has proven that consumers don't really care about the difference in search result quality that much... but for whatever reason, users don't really switch. DHagar
6/22/2017 4:43:02 PM User Rank Platinum
Re: CEOs Blame
@freehe, good point about the Board. The Boards do not typically change, so they provide significant continuinty - whether positive or negative.
mpouraryan
6/22/2017 5:03:50 PM User Rank Platinum
Re: CEOs Blame
The right leader will welcome change and expect vibrant debate--I would suggest that Uber was the perfect example that finally forced Travis K to quit--qlthough he and his minimons still keep control which bodes ill for it long-term.
DHagar
6/22/2017 7:11:50 PM User Rank Platinum
Re: CEOs Blame
@mpouraryan, great vision for effective leadership. And the right leaders make change a winning proposition for everyone. The example of Uber, as you stated, is where developing the best solution does not turn out to be the driving force.
Note: It usually leads to collapse at some point - Case in point! mpouraryan
6/22/2017 7:17:38 PM User Rank Platinum
Re: CEOs Blame
..and to your point, not to digress, talk about lessons in leadership..some "food 4 thought" 4 you all as I wish you all a great rest of the wk and a fab W-end:
https://www.si.com/nba/2017/06/13/golden-state-warriors-kevin-durant-nba-championship-draymond-green-text DHagar
6/22/2017 7:35:58 PM User Rank Platinum
Re: CEOs Blame
@mpouraryan, there you go - great examples! Thanks for sharing - we can learn a lot.
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