5 ms·

Would you have refused such pay if you were in her position?

by Cyph0n 10y ago

CalChris 10y ago
Of course not, but then when I failed which would have been pre-ordained and actually entirely foreseeable, bashing me here would NOT be really, really pointless and sad. However, if you are respecting her for picking up a paycheck, that is your right.
- Cyph0n 10y ago
  I'm not "respecting" her; I'm just pointing out that the high pay is not as black and white as it was made out to be.
  - nimchimpsky 10y ago
    eh?
- akjainaj 10y ago
  I think it's pointless and sad to bash her because, once again, I don't think it can reasonably be said that somebody else had the expertise to save Yahoo. We'll never know, of course. Also, being the CEO of an "old and out of touch" company with services that only grannies use nowadays leaves you open to lots of undeserved bashing. So bashing her is easy. But she should be bashed if she was a bad CEO (which she wasn't, I think) or if somebody else would've done better than her (a person that most probably doesn't exist). So there's that. (Yes, most of my comment was facetious. Don't take it literally)
  - CalChris 10y ago
    Take a look at what Meyers did at Yahoo: https://en.wikipedia.org/wiki/History_of_Yahoo!#Marissa_Mayer_era_.282012.E2.80.93present.29 https://en.wikipedia.org/wiki/History_of_Yahoo!#Marissa_Maye... Basically, Yahoo has had exactly two successes: its investment in Google signed in 2001 when Yahoo used Google's search results and Jerry Yang's heroic investment in Alibaba. Everything Meyers did was simply spending that money. It's easy to spend money, especially when you have a lot and you are getting paid bank.
  - chris_wot 10y ago
    This "bashing" seems to be an attempt to deflect any and all criticism of her countless mistakes at Yahoo! - not least of which was that they helped leak vast swathes of personal data due to their CEO's reckless indifference to security.
  - nommm-nommm 10y ago
    >Also, being the CEO of an "old and out of touch" company with services that only grannies use nowadays Yahoo owns both Flickr and Tumblr which are both popular with younger crowd.
  - forgetsusername 10y ago
    >Also, being the CEO of an "old and out of touch" company with services that only grannies use nowadays leaves you open to lots of undeserved bashing. So are CEOs responsible for the company or not? Because HackerNews seems to want bank executives to go to prison for actions taken by the company and its employees. However, we don't want to even hold a tech CEO accountable for the financial results of the company because the culture is "stodgy"? One of the CEO's jobs is to change the culture.
icebraining 10y ago
The point is that where there is a great paycheck there is great responsibility, to paraphrase Churchill.
- gozur88 10y ago
  Only if there's a performance clause in the contract.
  - username223 10y ago
    Where can I sign up for a job making 7 figures with no "performance clause?" Even better, she probably had something like a "no downside performance clause," but would still receive lavish bonuses for any upside. Whatever. Yahoo was already going down, and she just looted it for an order of magnitude more than "f-you money" on its way down, without much steepening its decline. Things end as they always would have, and Mayer retires to the island she just bought.
    - geodel 10y ago
      Well I work for a company where C level execs have 100m+ contracts and they are behaving in exceptionally bad ways. Also Dir/Sr Dir level may have around 1m+ contracts and they seem quite indifferent to project health. At this point I guess they think reward is enough for indifference or non-performance.

Would you have refused such pay if you were in her position?

by Cyph0n 10y ago

Would you have refused such pay if you were in her position?

Of course not, but then when I failed which would have been pre-ordained and actually entirely foreseeable, bashing me here would NOT be really, really pointless and sad. However, if you are respecting her for picking up a paycheck, that is your right.

Cyph0n 10y ago
I'm not "respecting" her; I'm just pointing out that the high pay is not as black and white as it was made out to be.
- nimchimpsky 10y ago
  eh?
akjainaj 10y ago
I think it's pointless and sad to bash her because, once again, I don't think it can reasonably be said that somebody else had the expertise to save Yahoo. We'll never know, of course. Also, being the CEO of an "old and out of touch" company with services that only grannies use nowadays leaves you open to lots of undeserved bashing. So bashing her is easy. But she should be bashed if she was a bad CEO (which she wasn't, I think) or if somebody else would've done better than her (a person that most probably doesn't exist). So there's that. (Yes, most of my comment was facetious. Don't take it literally)
- CalChris 10y ago
  Take a look at what Meyers did at Yahoo: https://en.wikipedia.org/wiki/History_of_Yahoo!#Marissa_Mayer_era_.282012.E2.80.93present.29 https://en.wikipedia.org/wiki/History_of_Yahoo!#Marissa_Maye... Basically, Yahoo has had exactly two successes: its investment in Google signed in 2001 when Yahoo used Google's search results and Jerry Yang's heroic investment in Alibaba. Everything Meyers did was simply spending that money. It's easy to spend money, especially when you have a lot and you are getting paid bank.
- chris_wot 10y ago
  This "bashing" seems to be an attempt to deflect any and all criticism of her countless mistakes at Yahoo! - not least of which was that they helped leak vast swathes of personal data due to their CEO's reckless indifference to security.
- nommm-nommm 10y ago
  >Also, being the CEO of an "old and out of touch" company with services that only grannies use nowadays Yahoo owns both Flickr and Tumblr which are both popular with younger crowd.
- forgetsusername 10y ago
  >Also, being the CEO of an "old and out of touch" company with services that only grannies use nowadays leaves you open to lots of undeserved bashing. So are CEOs responsible for the company or not? Because HackerNews seems to want bank executives to go to prison for actions taken by the company and its employees. However, we don't want to even hold a tech CEO accountable for the financial results of the company because the culture is "stodgy"? One of the CEO's jobs is to change the culture.

icebraining 10y ago

The point is that where there is a great paycheck there is great responsibility, to paraphrase Churchill.

gozur88 10y ago
Only if there's a performance clause in the contract.
- username223 10y ago
  Where can I sign up for a job making 7 figures with no "performance clause?" Even better, she probably had something like a "no downside performance clause," but would still receive lavish bonuses for any upside. Whatever. Yahoo was already going down, and she just looted it for an order of magnitude more than "f-you money" on its way down, without much steepening its decline. Things end as they always would have, and Mayer retires to the island she just bought.
  - geodel 10y ago
    Well I work for a company where C level execs have 100m+ contracts and they are behaving in exceptionally bad ways. Also Dir/Sr Dir level may have around 1m+ contracts and they seem quite indifferent to project health. At this point I guess they think reward is enough for indifference or non-performance.