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Yahoo SEC Filing: Name change to Altaba Inc and director resignations

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Re: Yahoo SEC Filing: Name change to Altaba Inc and director resignations

#151
post #39

"In light of the fact that following the Closing the Company will operate as an investment company under the Investment Company Act of 1940" - this is why. It will let Verizon save billions of dollars on Alibaba stock if it can get Yahoo out of the way. http://fortune.com/2016/02/08/verizon-yahoo-alibaba-taxes/

It won't let verizon save anything. Verizon is purchasing the operating companies and has nothing to do with the alibaba shares.

Re: Yahoo SEC Filing: Name change to Altaba Inc and director resignations

#152

Earlier quoted context omitted.

I do as well. As outlined in The Halo Effect, people want very tidy, clean, and rational reasons why a company failed. Blame must be specifically laid somewhere. However, there's a pretty good chance no one available could have saved the demise of Yahoo. Variance is a thing.

I don't really mind people failing. I do think there's something wrong with someone earning massive amounts of money to fail and then everyone saying, "Oh well, anyone would have failed in that role." Why pay someone huge sums of money if failure is the expected outcome?

The "failure" is subjective. What's objective is the stock price, which has grown from $15 to $41 under her management.

As bulk of her compensation is locked in stock (negotiated at 2012 prices), it's increasingly hard for her to get compensated less while the stock has tripled in value.

Re: Yahoo SEC Filing: Name change to Altaba Inc and director resignations

#153
post #78

Rather than the inevitable bashing of Marissa that will undoubtedly unfurl on this thread, I'd like to put in a little reminder that we usually celebrate taking on big projects and big risks and that we should commend her for taking on the immense challenge of steadying the Yahoo ship. Yes, she wasn't able to keep the ship from sinking. But I do think she put in a good-faith effort.

Out of curiosity, why do you call her by her first name instead of her last name (Meyer)? Is there another famous Meyer such that there could be a confusion here?

Funnily enough, there is a well-known Marissa MEyer as well as the Yahoo CEO Marissa MAyer.

http://ew.com/article/2013/02/14/marissa-meyer-talks-scarlet...

Re: Yahoo SEC Filing: Name change to Altaba Inc and director resignations

#154

Earlier quoted context omitted.

Steve Jobs worked himself to the bone and took zero money for years when he was trying to save Apple. That's what a good faith effort looks like. If he had failed he would have wasted years and got nothing in return. If Mayer had done this I would be impressed. But Mayer had no vision, didn't put in the effort required, and milked Yahoo for a hundred million dollars she didn't earn. Silicon Valley loves failure like…

> If he had failed he would have wasted years and got nothing in return. Steve Jobs' personal wealth is mainly from Pixar (acquired by Disney) and less from Apple, especially after SEC shut down the goldmine of backdated options http://www.slate.com/articles/business/moneybox/2007/01/snow...

Yes, and he was already rich from previous money he made in Apple's early days. Just like Marissa Mayer was already rich from Google stock.

Neither needed the money at all. Jobs knew that and didn't take any. Mayer for some reason took as much as possible.

Re: Yahoo SEC Filing: Name change to Altaba Inc and director resignations

#155

Earlier quoted context omitted.

Of course not, but then when I failed which would have been pre-ordained and actually entirely foreseeable, bashing me here would NOT be really, really pointless and sad . However, if you are respecting her for picking up a paycheck, that is your right.

I think it's pointless and sad to bash her because, once again, I don't think it can reasonably be said that somebody else had the expertise to save Yahoo. We'll never know, of course. Also, being the CEO of an "old and out of touch" company with services that only grannies use nowadays leaves you open to lots of undeserved bashing. So bashing her is easy. But she should be bashed if she was a bad CEO (which she wasn…

Take a look at what Meyers did at Yahoo:

https://en.wikipedia.org/wiki/History_of_Yahoo!#Marissa_Maye...

Basically, Yahoo has had exactly two successes: its investment in Google signed in 2001 when Yahoo used Google's search results and Jerry Yang's heroic investment in Alibaba. Everything Meyers did was simply spending that money.

It's easy to spend money, especially when you have a lot and you are getting paid bank.

Re: Yahoo SEC Filing: Name change to Altaba Inc and director resignations

#156

Earlier quoted context omitted.

She was very well compensated for her time sinking Yahoo. I think this kind of tone policing is unhealthy.

Upvoted since I think this discussion might be interesting. I'm wondering why people focus on financial compensation so much? Why does how much someone was paid justify more or less bashing, as the case might be? And what's unhealthy about tone policing? I'll leave aside the way you've negatively framed my attempt to steer the conversation in a more positive direction, and just say that I don't see what the purpose o…

> I'm wondering why people focus on financial compensation so much? Why does how much someone was paid justify more or less bashing, as the case might be?

The payment and bashing might be slightly related, but I tend to think it's a minor factor. People focus on financials so much because that's what the western culture is built upon. The American Dream, if you will. However bashing, complimenting, or mentioning someone at all comes with fame. I'm fairly certain people would talk a lot about Marissa Mayer regardless of whether she got paid anything. The ratio of criticism-to-compliments tends to go hand-in-hand with the person's perceived success-to-failure ratio. Marissa Mayer wasn't that successful, and thus she'll mostly get criticism.

Re: Yahoo SEC Filing: Name change to Altaba Inc and director resignations

#157

Rather than the inevitable bashing of Marissa that will undoubtedly unfurl on this thread, I'd like to put in a little reminder that we usually celebrate taking on big projects and big risks and that we should commend her for taking on the immense challenge of steadying the Yahoo ship. Yes, she wasn't able to keep the ship from sinking. But I do think she put in a good-faith effort.

Steve Jobs worked himself to the bone and took zero money for years when he was trying to save Apple. That's what a good faith effort looks like. If he had failed he would have wasted years and got nothing in return. If Mayer had done this I would be impressed. But Mayer had no vision, didn't put in the effort required, and milked Yahoo for a hundred million dollars she didn't earn. Silicon Valley loves failure like…

Steve Jobs was paid in stocks. A lot.

Re: Yahoo SEC Filing: Name change to Altaba Inc and director resignations

#158
post #97

Earlier quoted context omitted.

Uhhh how has the answer to that question changed though? Windows remains the undisputed king of the desktop.

Mac has a much more significant market share than it did then, there are several viable alternatives to MS Office, and iOS and Android have kept Windows from having any significant market share in mobile. That last point is the most significant here: sure, you might not be able to beat Google at Google-like search, but you can try to start building the thing that will become more important than Google-like search in…

Mac has increased in market share yes, but it's still not even close to a threat.

MS Office is, like Windows, still the king of office productivity application suites. Yes, there are competitors, but they are not a threat to MS as far as I know.

I'm not entirely sure that mobile will be replacing desktop in the near future. People have been shouting "fire!" for years now when it comes to tablets vs. desktop. Regardless, the original comment was talking specifically about desktop.

Re: Yahoo SEC Filing: Name change to Altaba Inc and director resignations

#159

Rather than the inevitable bashing of Marissa that will undoubtedly unfurl on this thread, I'd like to put in a little reminder that we usually celebrate taking on big projects and big risks and that we should commend her for taking on the immense challenge of steadying the Yahoo ship. Yes, she wasn't able to keep the ship from sinking. But I do think she put in a good-faith effort.

She got paid an obscene amount of money to continue driving a sinking ship into the bottom of the ocean. She is not a plucky entrepreneur risking everything against the odds. She gets zero kudos from me.

Re: Yahoo SEC Filing: Name change to Altaba Inc and director resignations

#160
post #157

Earlier quoted context omitted.

Steve Jobs worked himself to the bone and took zero money for years when he was trying to save Apple. That's what a good faith effort looks like. If he had failed he would have wasted years and got nothing in return. If Mayer had done this I would be impressed. But Mayer had no vision, didn't put in the effort required, and milked Yahoo for a hundred million dollars she didn't earn. Silicon Valley loves failure like…

Steve Jobs was paid in stocks. A lot.

If she had been willing to be paid that heavily in stock she would be looked at very differently.
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