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There was a great article in the NYT talking about the troubles at Yahoo. On Mayer's tenure: > She paid about $3 billion for acquisitions of companies you’ve m
by bko 11y ago
There was a great article in the NYT talking about the troubles at Yahoo. On Mayer's tenure:
> She paid about $3 billion for acquisitions of companies you’ve mostly never heard of, like Aviate, Polyvore and Distill (and one company you may have heard of, Tumblr). She spent $9.4 billion on stock buybacks; over the last two years, when the stock was trading higher, the buybacks have been a $2.5 billion money-losing trade. About $365 million of compensation went to Ms. Mayer herself, assuming she stays for an additional year and a half. And $109 million to an executive she hired to be her chief operating officer, who was then summarily fired 15 months later. An estimated $450 million on free food for the staff. And, depending on whom you believe, double-digit millions of dollars on parties and events, including a “Great Gatsby”-themed holiday party several weeks ago that was held with no apparent irony.
[0] http://www.nytimes.com/2015/12/15/business/dealbook/diagnosing-yahoos-ills-ugly-math-in-mayers-reign.html http://www.nytimes.com/2015/12/15/business/dealbook/diagnosi...
- usefulcat 11y agoJust to give those numbers some context, the stock market currently values Yahoo's core business at around $1.7B: http://www.bloombergview.com/articles/2015-12-02/yahoo-is-looking-for-a-new-way-around-alibaba-taxes http://www.bloombergview.com/articles/2015-12-02/yahoo-is-lo...