Yahoo CEO Marissa Mayer now mother to twins
When Mayer was hired to be Yahoo’s new CEO in July 2012, she announced on the same day as her new job announcement that she was six months pregnant with a boy.
The most likely outcome for Yahoo is a sale, says SunTrust analyst Robert Peck.
In fact, Verizon Communication’s CEO, Lowell McAdam, said at a technology conference on Tuesday that it can look into buying some of Yahoo’s properties as these would complement its AOL properties, which it bought for $4.4 billion this year.
This isn’t the way co-founders Jerry Yang and David Filo expected to see their pioneer Web media company end up, that much is certain. “So I have no intention of stepping down”. The stock of the new company would be distributed pro rata, i.e., proportionate allocations, to Yahoo shareholders.
More than three years later, company watchers are saying that Mayer’s almost out of time to prove her leadership can right the ship, echoing the concerns from the activist investors who scuttled her original plans to revive Yahoo. Mayer said in a tweet on Thursday. Born in a small Wisconsin city, she worked at a grocery store before attending Stanford University, where she studied computer science.
“Equally this maybe Yahoo simply getting its house in order to finally bring closure to what feels like a very long goodbye”. Informed by our intimate familiarity with Yahoo’s unique circumstances, the Board remains committed to accomplishing the significant business purposes and shareholder benefits that can be realized by separating the Alibaba stake from the rest of Yahoo.
The board’s decision was in part to avoid tax complications that selling the Alibaba stake could have prompted. “In 2016, we will tighten our focus and prioritize investments to drive profitability and long-term growth”.
Financial analysts described the move as prudent because, given the volume and value of the Alibaba stock, even a small chance of tax-related complications could potentially put Yahoo on the hook for a tax bill that could exceed $10 billion.
Leading Yahoo in our renaissance, alongside a terrific and dedicated team, has given me tremendous professional pride in our accomplishments. “Outside of Google and Microsoft [Bing] you don’t hear of anyone else”, she said. “I’ve shared the news and my plans with Yahoo’s Board of Directors and my executive team, and they are incredibly supportive and happy for me”. Her announcement sparked criticism that she was setting a bad example for working mothers at Yahoo. That’s the voice that they needed at core Yahoo.