> The incentives for CEOs at today's ridiculous pay grades are all towards short-termism. That's how we get into messes like this in the first place. That's a

> The incentives for CEOs at today's ridiculous pay grades are all towards short-termism. That's how we get into messes like this in the first place. That's a pretty weak criticism of Marissa Mayer. First, she was hardly set up for success - a first-time CEO placed at the helm of a company that had been struggling for years to find its market, and whose two predecessors were both fired in very public scandals. I'm not sure if anyone could have turned Yahoo around in those circumstances. Furthermore, Mayer was not at all incentivized towards short term thinking. Yahoo's share price was largely driven by Alibaba from when she joined until the IPO, and it was literally one of the selling points used to recruit her: that she, unlike most CEOs of public companies, would be able to focus on executing a long-term vision without the pressures of worrying about the daily share price for the first couple of years (until the Alibaba IPO).