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Yahoo CEO Marissa Mayer Faces Morale Challenge

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Re: Yahoo CEO Marissa Mayer Faces Morale Challenge

#171
post #23
post #9

"Ms. Mayer called a meeting with senior executives in August and asked them to sign a written agreement to stay with the company for at least three more years, according to two people familiar with the meeting." Is such an agreement enforceable? Or is this some meaningless pledge? If you want people to stay, give them a decent financial incentive.

It's not enforceable. In the US, you can't enforce an employment contract if it involves forcing someone to work for you. This was partially legislated as a legal defense against indentured servitude.

> In the US, you can't enforce an employment contract if it involves forcing someone to work for you.

Well kind of. Technically you can't force them to work, but you can force them to pay someone else to work in their place. Most teachers have this kind of contract. They are not at will employees. They can't be fired during the school year and they can't leave either. If they don't show up to work, they have to pay the school back for the part of their contract they did not fulfill to pay for the substitute teacher. (This has nothing to do with tenure, BTW, it's true for tenured and untenured teachers alike).

Re: Yahoo CEO Marissa Mayer Faces Morale Challenge

#172

I feel like Netflix understands how to keep morale high, and that's paying top of market and firing people who don't deserve that pay. Free lunches, massage rooms, etc are all marginally important compared to good pay. Perhaps Yahoo could innovate further by offering private offices. This isn't the panacea for innovation or a large company, but if the goal is to raise morale and hire top talent - I know those two thi…

Those were some of the things that they did first. In her first month she made the meals free and gave raises to the top folks. Then she authorized management to hire new people at top of market. I had a few friends leave Netflix for Yahoo because they actually got raises and believed in the vision.

Many have subsequently left when they realized the problems run deeper than that.

Re: Yahoo CEO Marissa Mayer Faces Morale Challenge

#173

Whenever I see a struggling company like this I ask myself the simple question. If the company didn't exist, would there be a need to create it? In the case of Yahoo I think the answer is no. If they disappeared tomorrow there would be no compelling reason for others to try and fill the gap it left behind. Hell, I doubt most people would even noticed they had gone. So they need to build a new business from the dying…

I think yes, though a lot smaller. Yahoo is used by millions in Asia because of how well it caters to the local languages, as opposed to google which is a distinctly foreign product with some translations skinned on top.

http://www.scmp.com/article/1007460/yahoo-still-hks-top-sear...

Re: Yahoo CEO Marissa Mayer Faces Morale Challenge

#174

Earlier quoted context omitted.

why not just say what company that is?

The OP says "Fortune 5". The candidates are Walmart, Exxon Mobil, Chevron, Berkshire Hathaway, and Apple. Which one of those has super bowl ads and uses Akamai? There's your answer.

and the commenter also says in another thread:

"I run an entire data center of Slackware Linux on Dell servers."

so, definitely not apple. which leads me to think all that is BS and they just have too much time on their hands.

Re: Yahoo CEO Marissa Mayer Faces Morale Challenge

#175

Whenever I see a struggling company like this I ask myself the simple question. If the company didn't exist, would there be a need to create it? In the case of Yahoo I think the answer is no. If they disappeared tomorrow there would be no compelling reason for others to try and fill the gap it left behind. Hell, I doubt most people would even noticed they had gone. So they need to build a new business from the dying…

I think a good idea would be to host an innovation challenge. They are already bringing in outside consultants from McKinsey, but in this day and age, how about turning to the crowd for help? If they posted significant cash prices (say $1m total) and let their users vote on the best ideas, I bet they could find some fresh directions. Also bet it would cost a fraction of what they pay McKinsey. Edit: In fact, why stop…

> They are already bringing in outside consultants from McKinsey, but in this day and age, how about turning to the crowd for help? If they posted significant cash prices (say $1m total) and let their users vote on the best ideas, I bet they could find some fresh directions.

It would be fun to watch, but the markets would rightly interpret it as "we have no idea what we're doing".

Re: Yahoo CEO Marissa Mayer Faces Morale Challenge

#176

Sometimes, well it actually happens quite often, a company just runs its course and is better off just winding things up and closing shop. IMHO it looks like the likely end game for Yahoo is: - taken private by a Private Equity firm - divest Yahoo Japan and Alibaba - any divisions that aren't making an actual profit, (tumblr, flickr, fantasy sports, etc, will be shopped around and sold if possible, or shuttered if no…

Your first sentence reminds me of this speech by Danny DeVito aka "Larry the Liquidator" in "Other People's Money": https://www.youtube.com/watch?v=62kxPyNZF3Q

Re: Yahoo CEO Marissa Mayer Faces Morale Challenge

#177
post #84

Sometimes, well it actually happens quite often, a company just runs its course and is better off just winding things up and closing shop. IMHO it looks like the likely end game for Yahoo is: - taken private by a Private Equity firm - divest Yahoo Japan and Alibaba - any divisions that aren't making an actual profit, (tumblr, flickr, fantasy sports, etc, will be shopped around and sold if possible, or shuttered if no…

It depends on who is trying to resurrect it: Marissa Meyer or Steve Jobs. Imagine a reality show: Jobs or Musk in 2010 were tasked to turn Yahoo around, and the rules were that they would only have access to Yahoo's internal resources and cash. I would bet with my money buying Yahoo stock that they would reverse the curves.

> Jobs or Musk in 2010 were tasked to turn Yahoo around

Assuming either of them was actually given the mandate to do so by the board of directors, etc, I imagine they'd fire like 50-80% of the staff, get rid of anything that's not profitable, and produce one highly refined product at a time, something that hasn't been done well before.

Source: Am both a Jobs and Musk fanboy and have done an unhealthy amount of reading about their histories and decision-making. I particular like this video of Jobs at NeXT: https://www.youtube.com/watch?v=HNfRgSlhIW0

Re: Yahoo CEO Marissa Mayer Faces Morale Challenge

#178

Earlier quoted context omitted.

For me, they're: (1) the owner of Flickr, an acquisition they've tried to futz around with, but haven't actually managed to damage too much yet. (True, the site design's become much more heavyweight, but that's a general web design issue) Interestingly, whilst they tried to go ad-only, removing "Pro" accounts, they later reinstated them - but with an oddly tone-deaf press release that trumpeted that account level's a…

> Could such still work? Effectively it would competing with Reddit, HN, Metafilter, and similar sites where the owners have an army of people curating the web for them, for free. Which makes it a hard ask. Obviously there's a demand because Reddit, HN, MF, etc, exist, but enough to make money off of?

Actually IMHO the curation of Reddit and HN is pretty bad. Just my $0.02. My problem is that it's focused on what's new and relevant. The web sorely needs (IMHO again) really well curated paths that are organized from first principles rather than novelty. But I'm not an expert, just a random guy with an opinion.

Re: Yahoo CEO Marissa Mayer Faces Morale Challenge

#179
post #97

Earlier quoted context omitted.

Even the best idea will face the hostility of a management that brought the company to where it is today. It never works.

Definitely. Everyone who is there now and especially rose through the ranks at some point stood behind and toed the line that brought them to that point ("Cheered for more desktop ads, agreed and liked the 'Mavens' metric"). Now they'd face a significant cognitive dissonance if they did an about face and said "Yap that was stupid, what were we thinking!?". It just doesn't happen. It can only happen with new people, s…

Unless Jerry Yang wants to and can pull a Steve Jobs...

Re: Yahoo CEO Marissa Mayer Faces Morale Challenge

#180
post #84

Earlier quoted context omitted.

It depends on who is trying to resurrect it: Marissa Meyer or Steve Jobs. Imagine a reality show: Jobs or Musk in 2010 were tasked to turn Yahoo around, and the rules were that they would only have access to Yahoo's internal resources and cash. I would bet with my money buying Yahoo stock that they would reverse the curves.

Why Musk? His companies aren't profitable.

Musk is bold and not afraid to invest aggressively. but he goes for easy pickings that are encumbered in conflicting laws, which he mostly ignore. He would curl up and cry at yahoo.
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