[Gunner]

Guys, we know that there are women who are not capable of leading a Company, however, saying that ALL women are bad for business is a terrible generalization.

Just one example is Indra Nooyi from Pepsico, the business press said that Pepsico was doomed but she led the restructuring of the company succesfully:

"Nooyi's strategic redirection of her company has been largely successful. She reclassified Pepsico’s products into three categories: “fun for you” (such as potato chips and regular soda), “better for you” (diet or low-fat versions of snacks and sodas), and “good for you” (items such as oatmeal). Her initiative was backed up with ample funding. She moved corporate spending away from junk foods and into the healthier alternatives, with the aim of improving the healthiness of even the “fun” offerings. In 2015, Nooyi removed aspartame from Diet Pepsi, furthering the shift towards healthier foods"

And, specifically about Yahoo!, that Company is doomed no matter who is the CEO, Yahoo was surpassed by Google/MSFT in almost everything -- only Yahoo Finance and Fantasy sports have any value, besides the stakes in Yahoo Japan and Alibaba that are difficult to spin-off because of tax implications.

Yahoo is a 90s tech company that failed to innovate but is not the only one:

[JayR]

Quote:

Marissa Mayer introduced herself as Yahoo Inc.'s chief executive on an earnings call in October 2012, saying she took the job "to grow and to help redefine one of the Internet's most beloved companies."

That growth never happened. Thirteen earnings calls later, Ms. Mayer on Tuesday plans to shift her focus from taking market share to making drastic cuts.

http://www.foxbusiness.com/markets/2016/...nings.html

Yahoo just got even more insignificant under Mayer's "leadership."

[Renzy]

Yahoo ex-employee sues, alleging manipulation of performance reviews and gender bias

More negative news for Yahoo:

Quote:

A former Yahoo Inc. employee is suing the Internet company, alleging that a manipulated employee-rating system, as well as gender bias, led to his illegal termination.

Plot twist is that the employee making accusations of gender bias is a man.

Quote:

In its allegations of gender discrimination, Anderson’s lawsuit says one of his superiors, who reported directly to Mayer, publicly expressed support for increasing the number of women in media.

The superior, Chief Marketing Officer Kathy Savitt, "intentionally hired and promoted women because of their gender, while terminating, demoting or laying off male employees because of their gender," the lawsuit says.

It also alleges that women were treated better by managers in the media group. While men were immediately terminated after receiving low employee scores, women were allowed to appeal their ratings, the suit says.

[Helaman]

Delete

[emuelle1]

I'm surprised Yahoo is still around, Marrisa Mayer or not. It seems to exist for people who signed up for a Yahoo email account back in the 90's and never moved on to a better service.

[Dr. Howard]

How did no one post the 15% employee cut on this thread yet? and yeah, yahoo is currently what AOL was when yahoo was 'cool'

[emuelle1]

I didn't notice because I don't pay much attention to Yahoo. I've had an account since '97, but I only use it when I can't use my gmail account to register for something. My wife has a constant problem with her Yahoo contacts disappearing off her iPhone. Never had that problem with Google or Microsoft.

Milo's recent article on Marissa Mayer is the most attention I've paid to Yahoo in a long time.

[El Chinito loco]

Remember whenever women are in charge of a company it's time to put it on the top picks watch list for shorting. This could be a pretty good opportunity since yahoo does have a pretty long way to fall at its current valuation. It has poor valuation, idiots in charge, and has repeatedly failed to adapt to competition over the years.

[emuelle1]

As Milo said in his article, men build, women buy. That's about what Marissa has been doing. Buying worthless purchases with Yahoo money.

My boss has held up Marissa Mayer as an example of why he doesn't like telework. I'm sure he'll come up with another excuse for it when she's fired.

[Foolsgo1d]

Anything worthwhile in Yahoo has already been taken. The only things left are the actual assets and real estate, not to mention user data. The vultures are circling this company so if you like a piece I'd say get ready.

[Teutatis]

Just like the Theranos girl, another female media darling/feminist superstar shows how incompetent she is.

Marissa Mayer could get $59M payout for failing to save Yahoo

Must be nice to suck at what you do and still be paid millions.

[R_Niko]

(04-19-2016 04:46 PM)Teutatis Wrote:  

Just like the Theranos girl, another female media darling/feminist superstar shows how incompetent she is.

Marissa Mayer could get $59M payout for failing to save Yahoo

Must be nice to suck at what you do and still be paid millions.

Now that marriage is in decline, society will simply find new forms of alimony to support post-wall women.

[IveBeenFramed]

Marissa Mayer Resigns From Yahoo Board; Yahoo To Be Renamed To Altaba

http://www.zerohedge.com/news/2017-01-09...med-altaba

Statement via 8-K

Quote:

In connection with the previously announced pending sale by Yahoo! Inc. (“Yahoo” or the “Company”) of its operating business (the “Sale Transaction”) to Verizon Communications Inc. (“Verizon”) pursuant to the terms of a Stock Purchase Agreement, dated as of July 23, 2016, between the Company and Verizon, the Board of Directors of the Company (the “Board”) has made certain determinations with respect to the size and composition of the Board following the closing of the Sale Transaction (the “Closing”).

In light of the fact that following the Closing the Company will operate as an investment company under the Investment Company Act of 1940, the Board has determined that, immediately following the Closing, the size of the Board will be reduced to five (5) directors. Tor Braham, Eric Brandt, Catherine Friedman, Thomas McInerney and Jeffrey Smith will continue to serve as directors of the Company following the Closing, and Mr. Brandt will serve as Chairman of the Board. Each of David Filo, Eddy Hartenstein, Richard Hill, Marissa Mayer, Jane Shaw and Maynard Webb has indicated that he or she intends to resign from the Board effective upon the Closing, and that his or her intention to resign is not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

To facilitate the transition of the Company to an investment company following the Closing, the Board also determined that, effective January 9, 2017, Mr. Brandt will become Chairman of the Board and Mr. Webb will become Chairman Emeritus of the Board.
The Board also determined that, following the Closing, it intends to cause the Company’s name to be changed to Altaba Inc.

[John Michael Kane]

(04-19-2016 05:43 PM)R_Niko Wrote:  

(04-19-2016 04:46 PM)Teutatis Wrote:  

Just like the Theranos girl, another female media darling/feminist superstar shows how incompetent she is.

Marissa Mayer could get $59M payout for failing to save Yahoo

Must be nice to suck at what you do and still be paid millions.

Now that marriage is in decline, society will simply find new forms of alimony to support post-wall women.

Think about how many software engineers Yahoo could have employed for that kind if money who ACTUALLY BUILD THINGS THAT PEOPLE WANT. Those jobs would have overwhelmingly have been men, who could use that money to marry and have families. Women "leading" companies needs to end. It depresses male wages, increases incompetence and makes marriage harder for the middle and lower classes.

[Genghis Khan]

In all fairness, I don't know if anyone could've saved Yahoo. By the time Marissa Mayer came along, Yahoo had been struggling for years to be relevant. Does Yahoo have anything of value, except perhaps their stock portal? It was a sinking ship and I doubt even the most amazing captain could've kept it afloat for long. At least she was smart enough to buy a stake in Alibaba. But besides that she made one bad acquisition after another, exacerbating the problem.

That said, in good conscious she should refuse every single penny she gets from the potential $59 million payout. No honorable person should ever accept a fucking bonus for failing to do his/her job.

But of course she'll probably take the money, feeling no personal responsibility for her actions. Expect a book to come out as well. Something about the patriarchy and how men kept her from making Yahoo into a success, lessons for women, bla bla bla.

[R_Niko]

(01-09-2017 08:26 PM)John Michael Kane Wrote:  

(04-19-2016 05:43 PM)R_Niko Wrote:  

(04-19-2016 04:46 PM)Teutatis Wrote:  

Just like the Theranos girl, another female media darling/feminist superstar shows how incompetent she is.

Marissa Mayer could get $59M payout for failing to save Yahoo

Must be nice to suck at what you do and still be paid millions.

Now that marriage is in decline, society will simply find new forms of alimony to support post-wall women.

Think about how many software engineers Yahoo could have employed for that kind if money who ACTUALLY BUILD THINGS THAT PEOPLE WANT. Those jobs would have overwhelmingly have been men, who could use that money to marry and have families. Women "leading" companies needs to end. It depresses male wages, increases incompetence and makes marriage harder for the middle and lower classes.

the endgame of hypergamy and that of globalism are one and the same. On an unrelated (?) my one blue pilled friend I often argue with says Marissa Meyer's position at Yahoo is proof women can do amazing things if we'd let them.

[Space Cowboy]

(01-09-2017 10:58 PM)Genghis Khan Wrote:  

In all fairness, I don't know if anyone could've saved Yahoo. By the time Marissa Mayer came along, Yahoo had been struggling for years to be relevant. Does Yahoo have anything of value, except perhaps their stock portal? It was a sinking ship and I doubt even the most amazing captain could've kept it afloat for long. At least she was smart enough to buy a stake in Alibaba. But besides that she made one bad acquisition after another, exacerbating the problem.

It would've been tough, but Mayer took the wheel and steered the boat straight into the ice berg.

[Dr. Howard]

(01-09-2017 08:22 PM)IveBeenFramed Wrote:  

Marissa Mayer Resigns From Yahoo Board; Yahoo To Be Renamed To Altaba

http://www.zerohedge.com/news/2017-01-09...med-altaba

Statement via 8-K

Quote:

In connection with the previously announced pending sale by Yahoo! Inc. (“Yahoo” or the “Company”) of its operating business (the “Sale Transaction”) to Verizon Communications Inc. (“Verizon”) pursuant to the terms of a Stock Purchase Agreement, dated as of July 23, 2016, between the Company and Verizon, the Board of Directors of the Company (the “Board”) has made certain determinations with respect to the size and composition of the Board following the closing of the Sale Transaction (the “Closing”).

In light of the fact that following the Closing the Company will operate as an investment company under the Investment Company Act of 1940, the Board has determined that, immediately following the Closing, the size of the Board will be reduced to five (5) directors. Tor Braham, Eric Brandt, Catherine Friedman, Thomas McInerney and Jeffrey Smith will continue to serve as directors of the Company following the Closing, and Mr. Brandt will serve as Chairman of the Board. Each of David Filo, Eddy Hartenstein, Richard Hill, Marissa Mayer, Jane Shaw and Maynard Webb has indicated that he or she intends to resign from the Board effective upon the Closing, and that his or her intention to resign is not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

To facilitate the transition of the Company to an investment company following the Closing, the Board also determined that, effective January 9, 2017, Mr. Brandt will become Chairman of the Board and Mr. Webb will become Chairman Emeritus of the Board.
The Board also determined that, following the Closing, it intends to cause the Company’s name to be changed to Altaba Inc.

Altaba like Alt+Tab? shit. Altaba is a flop before its first step.

[IveBeenFramed]

(01-10-2017 11:38 AM)Dr. Howard Wrote:  

(01-09-2017 08:22 PM)IveBeenFramed Wrote:  

Marissa Mayer Resigns From Yahoo Board; Yahoo To Be Renamed To Altaba

http://www.zerohedge.com/news/2017-01-09...med-altaba

Statement via 8-K

Quote:

In connection with the previously announced pending sale by Yahoo! Inc. (“Yahoo” or the “Company”) of its operating business (the “Sale Transaction”) to Verizon Communications Inc. (“Verizon”) pursuant to the terms of a Stock Purchase Agreement, dated as of July 23, 2016, between the Company and Verizon, the Board of Directors of the Company (the “Board”) has made certain determinations with respect to the size and composition of the Board following the closing of the Sale Transaction (the “Closing”).

In light of the fact that following the Closing the Company will operate as an investment company under the Investment Company Act of 1940, the Board has determined that, immediately following the Closing, the size of the Board will be reduced to five (5) directors. Tor Braham, Eric Brandt, Catherine Friedman, Thomas McInerney and Jeffrey Smith will continue to serve as directors of the Company following the Closing, and Mr. Brandt will serve as Chairman of the Board. Each of David Filo, Eddy Hartenstein, Richard Hill, Marissa Mayer, Jane Shaw and Maynard Webb has indicated that he or she intends to resign from the Board effective upon the Closing, and that his or her intention to resign is not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

To facilitate the transition of the Company to an investment company following the Closing, the Board also determined that, effective January 9, 2017, Mr. Brandt will become Chairman of the Board and Mr. Webb will become Chairman Emeritus of the Board.
The Board also determined that, following the Closing, it intends to cause the Company’s name to be changed to Altaba Inc.

Altaba like Alt+Tab? shit. Altaba is a flop before its first step.

It's supposed to be a mix of Alternative and Alibaba (which Yahoo has a stake in).

[Foolsgo1d]

Yahoo is or was propped up by baby boomers. As soon as they pop their clogs they will go down a cliff.

[DJ-Matt]

Yahoo news has been lefty trash SJW garbage for years, so they probably could have made some coin off that by turning into a Brietbart-like outlet.

[John Michael Kane]

(01-09-2017 10:58 PM)Genghis Khan Wrote:  

In all fairness, I don't know if anyone could've saved Yahoo. By the time Marissa Mayer came along, Yahoo had been struggling for years to be relevant. Does Yahoo have anything of value, except perhaps their stock portal? It was a sinking ship and I doubt even the most amazing captain could've kept it afloat for long. At least she was smart enough to buy a stake in Alibaba. But besides that she made one bad acquisition after another, exacerbating the problem.

That said, in good conscious she should refuse every single penny she gets from the potential $59 million payout. No honorable person should ever accept a fucking bonus for failing to do his/her job.

But of course she'll probably take the money, feeling no personal responsibility for her actions. Expect a book to come out as well. Something about the patriarchy and how men kept her from making Yahoo into a success, lessons for women, bla bla bla.

Strongly disagree. Mayer is an abject moron at management. She "jokes" about "no layoffs this week, haha". Profoundly stupid and insensitive. That I have to say that in today's day of massive hyper-sensitivity says something. This is the woman who banned telecommuting, in the Bay Area, which prides itself on tech innovation. As a Bay Area native, I can tell you first hand how nasty our rush hour traffic is. Dumb, dumb, dumb. This is the same woman who hired failing "journalist" Katie Couric freakin' $10m to blab on incessantly about celeb gossip. For that $10m salary, you could have hired a bunch of college interns to create two or three TMZ.com clones. On, and on and on the failures of this woman go. Great leaders inspire confidence in their subordinates to come up with new ideas, take bold new directions and challenge the status quo. Mayer is just another feminist clone, no talent and poor judgement all around. Yahoo could have been spun off and reinvented in any number of ways, but her lack of leadership and vision are what tanked the company. There's plenty of talented people who work at Yahoo who could have righted in the ship with the proper captain.

[SlickyBoy]

I am surprised this news didn't make it to the thread, but here we go - she hasn't been fired yet and it looks like a bit of a pussy pass so far, but even so - with the stakes involved, it can only be a matter of time:

Quote:

Yahoo’s CEO Marissa Mayer has gotten her pay docked — giving up a cash bonus from 2016 and a stock award for 2017, which seems to be worth about $14 million — for the massive breach of the Internet giant’s customer database.

Recode first broke the news of the incursion, which has impacted hundreds of millions of users of the service, revealing all kinds of sensitive information.

But, said an independent committee, Mayer did not mean to run such a loose security ship, noting, it “did not conclude that there was an intentional suppression of relevant information.”

Still, Yahoo’s head lawyer, Ron Bell, got bounced for not doing his job, said the company, which noted that the “Committee found that the relevant legal team had sufficient information to warrant substantial further inquiry in 2014, and they did not sufficiently pursue it.”

So when is the lawyer the one who gets dinged for hacking screw-ups? Never. Let’s be clear, most people inside Yahoo think Mayer and the board should have shouldered the bulk of the blame for the breach.

The reaction to the announcement by Yahoo on social media was swift and decidedly anti-Mayer and pro-Bell, with comments coming from those who have worked with him and also, interestingly, at least one general counsel at another company.


That would be Twitter’s chief legal officer Vijaya Gadde:
I don't know what happened at Yahoo but I know it's easy to blame the lawyers. I also know that Ron Bell is a good lawyer.

And also former Yahoo exec Scott Moore:
Ridiculous. I know @ronsbell_tech who is a good man and as a lawyer he wasn't in charge of security @Yahoo #lame CYA move @marissamayer



They’re right. Multiple sources close to the situation said how Yahoo handled things as it became aware of the breaches — there were more than one — was less clear cut than the determination in today filing. In fact, several major security execs left during this period. That included Yahoo’s chief information security officer Alex Stamos, who went to Facebook in mid-2015 after clashes with Mayer over a number of issues related to security, said sources.

None of that pertinent information was in Yahoo’s 10-K regulatory filing today, which unveiled the actions on the security incidents.

Among the key points, said the company:

Based on its investigation, the Independent Committee concluded that the Company’s information security team had contemporaneous knowledge of the 2014 compromise of user accounts, as well as incidents by the same attacker involving cookie forging in 2015 and 2016.

In late 2014, senior executives and relevant legal staff were aware that a state-sponsored actor had accessed certain user accounts by exploiting the Company’s account management tool.

The Company took certain remedial actions, notifying 26 specifically targeted users and consulting with law enforcement.

While significant additional security measures were implemented in response to those incidents, it appears certain senior executives did not properly comprehend or investigate, and therefore failed to act sufficiently upon, the full extent of knowledge known internally by the Company’s information security team.

The Independent Committee did not conclude that there was an intentional suppression of relevant information.

Nonetheless, the Committee found that the relevant legal team had sufficient information to warrant substantial further inquiry in 2014, and they did not sufficiently pursue it.
Might I translate that for you into English? Alrighty then: The management screwed up and left users vulnerable for years to incursions by malicious state-sponsored hackers.

Yahoo said Mayer had her 2016 cash bonus taken away and then offered to give up her equity in 2017. It appears to be $2 million in bonus and up to $12 million in stock, which Yahoo did not volunteer, but it is the corporate equivalent of a minor speeding ticket.

In a post on Tumblr, Mayer said she had "expressed my desire that my bonus be redistributed to our company’s hardworking employees, who contributed so much to Yahoo’s success in 2016." Given Yahoo has about 8,500 full-time employees now, that comes to about $235 a person.

Not for Bell, though, who did worse, apparently, by losing his job. Yahoo said he had resigned, but not without a few public smacks upside the head. The company said that “no payments are being made to Mr. Bell in connection with his resignation.”

Let me translate the Yahoo-speak again for you, since I happen to speak it fluently: He is the scapegoat, the fall guy, the one who has to suck it up for Mayer.

One good thing is that this news clears the way for the deal for $4.8 billion acquisition of Yahoo, which has already seen a $350 million discount for the breach. It is not clear if Mayer will get a huge payout on the sale she is owed or if she will voluntarily or otherwise give it up.

Here’s the statement from Mayer, which might have been nicer if it included an my-bad-so-sorry-oops:

As those who follow Yahoo know, in late 2014, we were the victim of a state-sponsored attack and reported it to law enforcement as well as to the 26 users that we understood were impacted. When I learned in September 2016 that a large number of our user database files had been stolen, I worked with the team to disclose the incident to users, regulators, and government agencies. However, I am the CEO of the company and since this incident happened during my tenure, I have agreed to forgo my annual bonus and my annual equity grant this year and have expressed my desire that my bonus be redistributed to our company’s hardworking employees, who contributed so much to Yahoo’s success in 2016.

[Enoch]

I am assuming she will be out when Verizon's acquisition closes?

I still don't get this deal on the Verizon side.

[John Michael Kane]

Verizon is certainly getting the short end of the stick. They are overpaying for a sinking ship. They think they'll be able to convert Yahoo's huge userbase into additional streams of revenue. Yahoo is for old people. They picked a brand with an aging user base and lots of issues. Only worth it if they had got yahoo for pennies on the dollar compared to what they paid.