4 ms·

With De Castro's exit Mayer has 'aided' a massive transfer of wealth from Yahoo! shareholders in less than 2 years to people who appointed her, as well as peopl

by r0h1n 13y ago

With De Castro's exit Mayer has 'aided' a massive transfer of wealth from Yahoo! shareholders in less than 2 years to people who appointed her, as well as people she appointed. Dan Loeb, who helped appoint Mayer as Yahoo! CEO, made a killing on his investment thanks to Mayer: http://www.theverge.com/2013/7/22/4545072/yahoo-dan-loeb-leaving-marissa-mayer-profit-flip-third-point http://www.theverge.com/2013/7/22/4545072/yahoo-dan-loeb-lea... Then there's De Castro, who Mayer handpicked as one of her early and critical hires. He apparently made $109 million, not $60 million: http://www.bloomberg.com/news/2014-01-15/yahoo-chief-operating-officer-de-castro-to-leave-web-portal.html http://www.bloomberg.com/news/2014-01-15/yahoo-chief-operati... One almost thinks his compensation was designed to maximize his earnings were he to fail in the shortest possible period of time!

mtrimpe 13y ago
Marissa was appointed to achieve the near impossible task of turning around a massive behemoth which seemed dead-set on a course towards oblivion. The only key asset that still gave Yahoo significant leverage was its war chest and rather than let it dwindle she decided to invest it in a number of bold steps to achieve a dramatic shift in corporate culture. While some of these steps are indeed turning out to have been mistakes I find I hard to argue, keeping Occam's razor in mind, that her actions did not keep the best interest of the shareholders in mind, especially given Yahoo's performance on the market.