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After five years of leadership the bottom line is value of investment to shareholders has tripled. Mission accomplished. Who cared about Yahoo web business even
by kostyk 9y ago
After five years of leadership the bottom line is value of investment to shareholders has tripled. Mission accomplished. Who cared about Yahoo web business even then anyway.
- bbcbasic 9y agoNothing to do with reversion to the mean then?
- brador 9y agoReversion to the mean still takes work.
- jpatokal 9y agoThe article's point is that virtually all of this tripling was due to Alibaba and Yahoo Japan, not anything she did.
- kyleschiller 9y agoI don't know, it mentions that she had "little control" over the investments, but then goes on to explain that: managing those investments was a key reason that Yahoo’s board hired Ms. Mayer. Mr. Loeb had accused Yahoo’s previous leaders of mishandling both their core business and the Alibaba relationship.... Ms. Mayer delegated the Alibaba issue, hiring an experienced dealmaker, Jacqueline Reses, to be the company’s principal liaison to Alibaba and its leaders, Jack Ma and Joseph Tsai. Ms. Reses helped the Chinese company navigate its initial public offering. She also renegotiated an agreement, struck just before Ms. Mayer arrived, that would have forced Yahoo to sell an additional 122 million shares in the offering. Those extra shares are now worth $15 billion.
- deleted 9y ago[deleted]
- lz400 9y agoYeah but those stocks were going up regardless. I thought the only point in Yahoo existing for the past few years was trying to figure out some way to avoid tax on selling the alibaba/yahoo japan stake. Yahoo critically failed at that and when it did it got sold soon after. Not sure if this all looks good for Mayer as a good value creating leader.