Yahoo CEO Marissa Mayer welcomes twin girls

“In addition to our efforts to increase value and diminish uncertainty for investors, the ultimate separation of our Alibaba stake will be important to our continued business transformation”, said Marissa Mayer, CEO of Yahoo.

In a post on her tumblr page, she wrote: “Zack and I are excited to announce that our identical twin girls have arrived!” adding “Our whole family is doing great!”.

Yahoo meant to create a new independent, publicly traded, non-diversified, closed-end management investment company, Aabaco Holdings, which would have received Yahoo’s remaining holdings of around 15 percent in Alibaba. After giving birth to her son that September, she sparked controversy by taking only a few weeks of maternity leave. Depending on which ranking you check, her $42.1 million (roughly Rs. 281 crores) in 2014 compensation notched her as the 23rd, the 14th or even the fifth most highly paid CEO of a major United States company.

Yahoo CEO Marissa Mayer during her keynote address at the Consumer Electronics Show in Las Vegas on January 7, 2014. She has promised to provide details of the reorganization late next month when Yahoo releases its fourth-quarter earnings.

In a bid to help Yahoo transition into mobile, Mayer set about updating apps like Mail, Weather, and Sports.

Yahoo has struggled to grow its Internet business, which includes selling search and display ads on its news and sports sites and email service, in the face of competition from Alphabet Inc’s Google and Facebook Inc.

Mayer is likely to take off about two weeks after the birth – then another week or so in connection with the holidays – before returning to the office, said a person with knowledge of her plans, who asked not to be identified discussing a private matter.

Mayer stirred controversy back then due to her limited maternal leave. She said she will still be working throughout her rest.

There is no determination by the board to sell the company or any part of it. We believe the business remains very undervalued and we’re focused on realising that value.

This would, of course, eviscerate the company, because without its core Internet businesses (Yahoo news, sports, finance, mail, photo storage, blogs and others), Yahoo simply isn’t Yahoo anymore.

Yahoo’s board met last week to review Mayer’s stalled turnaround attempts, as well as whether to move ahead with the previously planned Alibaba spinoff.

Yet, while many think that Mayer might lose her job in a matter of months, Yahoo company Chairman Maynard Webb said that the company’s board still has faith in their CEO.