Why is it ludicrous? Would someone have managed to better preserve the value of those investments than her? Would someone capable of doing that have been willin

Why is it ludicrous? Would someone have managed to better preserve the value of those investments than her? Would someone capable of doing that have been willing to take on the job for lesser compensation? Yes, the company is down $2.4 billion because the core Yahoo! business was spending $400MM/quarter more than it was taking in -- on the backs of those investments. After 4 years of trying to turn that around, they sold off that money pit for $5B cash, which is more than that $2.4 billion the company is down. Sounds like a pretty good outcome for YHOO's board and owners. Dealing with that board and owners, attempting to maximize the shareholder return on those investments you mentioned, was as large a part of her job as trying to maximize the return from the bleeding tech business. She spent much of late 2014 and early 2015 trying to spin off the investments into a separate company to minimize tax liability, ensuring Yahoo!'s shareholders get as much value as possible if Yahoo! eventually sells some of those shares for cash. You can't write off her stewardship of the value of the BABA and YJP holdings, and their contribution to YHOO, just because they were initially purchased before she took the job.