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[Polari]

There's been little light for Yahoo in the time Marissa Mayer has been at its helm. The company is trapped in a spiral of declining revenues, and in February it said that its core assets are up for sale.

On Friday, the company disclosed the packages that will be available to key executives if they are ousted in the event of a sale. Mayer will be paid $54.8 million in cash and stock if she's removed from her job within a year of a sale.

...

The fact that Yahoo's financial situation has gotten worse during Mayer's tenure will make her pay package a controversial issue. Yahoo shares dropped 34 percent in 2015, while Mayer made $14 million. (She would have earned nearly $36 million if shares had risen.)

http://arstechnica.com/business/2016/05/yahoo-gives-ceo-marissa-mayer-severance-package-worth-55m/

$55m for being a complete incompetent. What a world.

 

[HUELEN10]

Yahoo? What's that?

Seriously, besides MAYBE their stocks and Tumblr, how are they relevant?

 

[GuyKazama]

Next she will run for President.

 

[Psychological Intellect]

oooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooh man i can't think too much on suff like this i have to make my life better

 

[HUELEN10]

Next she will run for President.

Not enough Blue iPods in the world for that to happen...

Spoiler

Someone gets this, right?

 

[ElBoxyBrown]

Yahoo? What's that?

Seriously, besides MAYBE their stocks and Tumblr, how are they relevant?

Yahoo email?

 

[hateradio]

Next she will run for President.

Of Australia.

 

[Wowfunhappy]

Marissa Myer tenure was doomed from the start, I think. Not a lot she really could have done.

 

[Mysterious]

Marissa Myer tenure was doomed from the start, I think. Not a lot she really could have done.

Ya. She did a great job at Google.

 

[excelsiorlef]

Yahoo? What's that?

Seriously, besides MAYBE their stocks and Tumblr, how are they relevant?

Always a competitor for worst aka most racist/sexist comment section on the internet.

 

[_woLf]

It never ceases to amaze me how CEOs are paid millions of dollars when they're fired. Gotta love backwards-ass corporate America.

"Thanks for ruining us, here have some more money!"

Don Mattrick has mastered this art.

 

[demon]

For a job well done.

 

[sarcastor]

Marissa Myer tenure was doomed from the start, I think. Not a lot she really could have done.

Well she shouldn't have bought Tumblr for $1.1 billion dollars.

Yahoo is sinking ship, like Nokia, Blackberry, Radio Shack, etc.

btw how is AOL still around? wtf?

 

[Chichikov]

Marissa Myer tenure was doomed from the start, I think. Not a lot she really could have done.

If true (and I tend to think it probably is) that makes the compensation package that she got even more ridiculous.
But executive compensation in the US in general has been really divorced from the value those people bring the company in general.

 

[Randolph Freelander]

Nice work if you can get it.

(Even better if you can lose it.)

 

[Oreoleo]

This is all Dan Harmon's fault.

 

[element]

Fail Up. Happens all the time in tech.

Marissa Myer tenure was doomed from the start, I think. Not a lot she really could have done.

Buying Tumblr was a terrible decision. Also the inability to pivot Flickr into anything was painful.

What is crazy is their investment in Alibaba and Yahoo Japan are worth 5 times what the core business is worth.

 

[bobbytkc]

Paid 55M to destroy the company.

Where can I sign up.

 

[Kickz]

Paid 55M to destroy the company.

Where can I sign up.

I know, where do I apply?

 

[Angry Grimace]

I mean, Yahoo was doomed anyways. It doesn't actually provide any services of value anymore.

 

[ISOM]

For a job well done.

For a Job done.

 

[TheRedSnifit]

Ya. She did a great job at Google.

Her tenure at Google was more or less luck. She was lucky enough to get in early and be at the right place at the right time.

She's been an absolute trainwreck at Yahoo. Her efforts at improving the brand have been scattershot at best, desperately flailing to find some gimmick that would raise Yahoo's profile. Perhaps the only worthy acquisition has been Tumblr, but that won't save them because she's made no effort to promote it or integrate it with Yahoo's other holdings, to say nothing of the fact that the core ad business continues to be an absolute mess.

 

[excelsiorlef]

At least we got Community Season 6 out of that dumpster fire.

 

[Angry Grimace]

I like how Yahoo went from trying to be some kind of "internet frontpage" to just being a straight-up clickbait fodder.

 

[Cyan]

Oh, I read the title as meaning she'd been fired. So she hasn't been fired, but if/when she is she'll get a big bundle o' cash. Huh.

 

[perfectchaos007]

Failing at a job you were expected to fail at and getting 55mil? I wish I was offered that job.

 

[Joeku]

Paid 55M to destroy the company.

Where can I sign up.

Don't forget that the CEO of Target pushed the company into Canada and failed completely, then walked away with a severance package roughly equal to that for all 17,600 Canadian employees combined who lost their jobs (me included).

http://www.huffingtonpost.ca/2015/01/21/target-ceo-severance-canadian-workers_n_6517272.html

God bless this system.

 

[BigMack]

Yahoo? What's that?

Seriously, besides MAYBE their stocks and Tumblr, how are they relevant?

I don't know. I've typed many a long winded question into google only to be presented with links to yahoo answers.

 

[element]

Perhaps the only worthy acquisition has been Snapchat, but that won't save them because she's made no effort to promote it or integrate it with Yahoo's other holdings

Yahoo doesn't own Snapchat...

Oh, I read the title as meaning she'd been fired. So she hasn't been fired, but if/when she is she'll get a big bundle o' cash. Huh.

Yahoo has been highly rumored to be acquired for almost a year now. This pretty much seals the deal that if a sale can be worked out that she will resign upon an agreement. It is GTFO money.

 

[The Abominable Snowman]

I'm honestly scratching my head wondering what Yahoo is good for anymore. I know Yahoo News somehow makes it as the homepage of the Internet Explorer of every person over the age of 40, so I guess that's their main source of income.

 

[enzo_gt]

Yahoo? What's that?

Seriously, besides MAYBE their stocks and Tumblr, how are they relevant?

Is assume Yahoo mail is still relatively popular.

My dad and other dinosaurs still use it because that's just what they're used to at this point.

 

[perfectchaos007]

Don't forget that the CEO of Target pushed the company into Canada and failed completely, then walked away with a severance package roughly equal to that for all 17,600 Canadian employees combined who lost their jobs (me included).

http://www.huffingtonpost.ca/2015/01/21/target-ceo-severance-canadian-workers_n_6517272.html

God bless this system.

now that was a failure of a CEO. Target had wind at it's back to succeed in Canada and somehow he managed to fail.

 

[dabig2]

Marissa Myer tenure was doomed from the start, I think. Not a lot she really could have done.

Pretty much. I remember the thread here when she was first unveiled as the new ceo. I think it was agreed that she was captain of a doomed ship. Though that doesn't absolve her from some truly dumb decisions on her part in trying to salvage the ship.

 

[Log4Girlz]

Median income in the US is close to 50k a year

If you started working in the year 916 making 50k a year you would finally earn by today what she'll make in that severance package.

 

[SoulUnison]

Is she the one that got me Community Season 6?

Any price was worth it for Community Season 6.

 

[KarmaCow]

Marissa Myer tenure was doomed from the start, I think. Not a lot she really could have done.

$55m is one hell of a participation ribbon.

 

[element]

Is assume Yahoo mail is still relatively popular.

They have somewhere between 300m and 400m registered users. I know I haven't used my yahoo account in a decade, but I'm sure there are TONS of people who still do.

 

[excelsiorlef]

Is she the one that got me Community Season 6?

Any price was worth it for Community Season 6.

And even that has a horrible failure because their streaming video platform felt straight out of dial up era.

Garbage UI, garbage lag, garbage performance.

 

[El-Guap-Cakes]

I was just reading about her the other day. She put in 130 hour work weeks at Google, and would sleep under her desk, so at least her work ethic wasn't part of the issue. I really do think she tried her best, it just seems like she/Yahoo was doomed to fail. 55 mil does seem like a ridiculous severance package though.

 

[boingball]

No easier way to become a multi-millionaire than to be a failure as a top manager.

 

[TheRedSnifit]

Yahoo doesn't own Snapchat...

*Tumblr

I was just reading about her the other day. She put in 130 hour work weeks at Google, and would sleep under her desk, so at least her work ethic wasn't part of the issue. I really do think she tried her best, it just seems like she/Yahoo was doomed to fail. 55 mil does seem like a ridiculous severance package though.

Iirc, she had a reputation for missing or being late to meetings at Yahoo, so I wouldn't rule work ethic out of the question.

 

[RomanticHeroX]

That seems like a lot, but she did only make $14m in 2015. Life is tough for poor CEOs, maybe we should start a gofundme for her.

 

[tearsintherain]

Marissa Myer tenure was doomed from the start, I think. Not a lot she really could have done.

Nah, thats bullshit. While it would have been incredibly difficult to turn Yahoo around, it was possible at one point. Cut costs hard, fire middle management bureaucrats, pivot the business AWAY from ads/search/directory and into email, photos, mobile, tumblr, etc.

Instead Meyers was just a terrible, terrible, terrible CEO
http://www.forbes.com/sites/adamhar...d-yahoo-ceo-mistakes-are-costly/#447354d56281
http://www.forbes.com/sites/miguelhelft/2015/11/19/the-last-days-of-marissa-mayer/#35b503ef6bff

Cutting work at home policy. Pivoting to TV (Community, hiring Katie Couric), encouraging turf wars internally, poor hiring (and firing) of some top execs, its just an endless list of poor decisions - like throwing a $7m dollar Christmas party in 2015 that literally was themed Great Gatsby, as they were in the middle of firing thousands.
http://motherboard.vice.com/read/yahoo-had-a-party

Its easy to run a company that is doing well, you just listen to the smart people under you and keep the boat steady. But to turn around a company requires someone ruthless and deep understanding of financials, it was such a dumb, dumb decision to hire someone who only knew success.

 

[CygnusXS]

That's like 1100 undergraduate degrees.

 

[Erevador]

Sad that a vibrant site like Tumblr was bought out by this clueless, bloated dinosaur of a company. Karp should have held onto it, he could have sold it for another billion a couple years later.

 

[daveo42]

Man, I do well at my job and they cut our yearly pay increases. Maybe I'm doing it wrong? Should I fail at my job and get fat stacks as severance?

 

[vern]

I like yahoo. I use their email as backup because gmail sucks in China. Their email app is actually pretty decent. Clean and straightforward and fast. I use Flickr for hosting my photos. Don't know why everyone hates on yahoo. They have some perfectly functional services and for me functional is good enough.

On topic: dat severance package 😍

 

[Chichikov]

I was just reading about her the other day. She put in 130 hour work weeks at Google, and would sleep under her desk, so at least her work ethic wasn't part of the issue. I really do think she tried her best, it just seems like she/Yahoo was doomed to fail. 55 mil does seem like a ridiculous severance package though.

I really wish that corporate America and the tech sector in particular stop treating workaholism like it's a good thing.

Though I will grant her that by all accounts she did good job at Google, she's not a Steve Ballmer type of CEO whose qualification is being friends with the right people.

 

[BreezyLimbo]

I really wish that corporate America and the tech sector in particular stop treating workaholism like it's a good thing.

Though I will grant her that by all accounts she did good job at Google, she's not a Steve Ballmer type of CEO whose qualification is being friends with the right people.

Eh, Workaholism isn't a bad thing. If the person really gets through the day by putting in alot of work, even an excessive amount, than good for them. Granted I like my time off, but I can see why a person would put in alot of hours doing something they want to do.

 

[BladeoftheImmortal]

Eh, Workaholism isn't a bad thing. If the person really gets through the day by putting in alot of work, even an excessive amount, than good for them. Granted I like my time off, but I can see why a person would put in alot of hours doing something they want to do.

Do they want to or did they because it was required?