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When you fuck over your employees to do so, yes, yes you should be slammed.
by subway 10y ago
When you fuck over your employees to do so, yes, yes you should be slammed.
- peeters 10y agoThe reactions in this thread are bizarre to me. Is it a new revelation that CEOs are compensated to deliver the best return for shareholders, and not the employees? Why is Mayer being singled out when this is what pretty much every CEO in the history of capitalism has been hired to do?
- jtmcmc 10y agoIt's not new but executive compensation has over the past several decades spiraled increasingly higher and over the past 5-10 years this divide has become an increasing source of antagonism. This is just to many a new exemplary example of it.
- andyjohnson0 10y agoWhy is it in the best interests of shareholders for a company to pay the CEO for two years after they have left? When she's gone she can't possibly be delivering value to the shareholders.
- Touche 10y agoBecause that's what required to get the CEO you want.
- mgkimsal 10y agostandard argument for extremely high ceo pay (and extreme perks) seems to be 'we have to offer this to attract the best people' and 'only a handful of people can do XYZ like this person can'. i think when these deals are made people are rarely thinking that someone will actually leave, triggering some of these more... outlandish aspects of the deal. perhaps the value is she could have possibly got $5 million per year for 2-3 years after leaving, so this is a net return of $8-$10 million to the company after she's gone?
- geodel 10y agoShe could deliver some value to hypothetical competitors which might harm Yahoo or its new owners. It is not that unusual, I have a friend at a company where anyone Sr Manager or above will get 1 year of salary in case of layoff with condition to not join the competitor.
- saint_fiasco 10y agoThe parent comment doesn't say Mayer should be slammed by shareholders. The people complaining about Mayer probably have more in common (and have more empathy towards) the employees than the shareholders, so they should show disapproval.
- jazzyk 10y agoBut she did not deliver. The stock price did well because of the BABA ownership, she had nothing to do with it. Looking at all the actual performance, Yahoo has been sliding in web search, page views, ad sales, spent a lot of money on failed acquisitions, etc. And she is only singled out because she chose to be high-profile.