Tumblr founder to get $81 million to remain at Yahoo
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Re: Tumblr founder to get $81 million to remain at Yahoo
#2good for him. hope he's worth it - founders rarely work well within a corporate environment where suddenly you have people managing you.
looking forward to him exiting in a few months/years, then doing something new and cool. should have enough fuck you money by then.
Re: Tumblr founder to get $81 million to remain at Yahoo
#3Doubt it's about his talent (even though he is very talented). Think it's more of a PR move. It'd look pretty bad for Mayer & Co if he ditched Yahoo in a couple months, and a ton of people would notice / company would get bad press. Keep him & you never have the negative press. Plus the scope of the negative press would dwarf the type of press this blurb is getting.
Question is, is the difference between the $81 million and the amount they would have paid him strictly for talent over the course of the contract justifiable on those PR grounds?
Re: Tumblr founder to get $81 million to remain at Yahoo
#4Good for him to be so driven, I would've retired long ago.
Re: Tumblr founder to get $81 million to remain at Yahoo
#5How are these contracts usually written with regards to the event of firing?
Disclaimer: I fully realize that's not statistically likely at all, but I want any answers to narrowly focus on the legal language in the contract around that event.
Re: Tumblr founder to get $81 million to remain at Yahoo
#6Good for him to be so driven, I would've retired long ago.
What about this article has to do with his drive? It's about Yahoo paying him $81MM to retain him for the next four years.
Re: Tumblr founder to get $81 million to remain at Yahoo
#7Doubt it's about his talent (even though he is very talented). Think it's more of a PR move. It'd look pretty bad for Mayer & Co if he ditched Yahoo in a couple months, and a ton of people would notice / company would get bad press. Keep him & you never have the negative press. Plus the scope of the negative press would dwarf the type of press this blurb is getting. Question is, is the difference between the $81 mill…
Well, at $20 million a year that puts him in the company of the 100 highest compensated CEOs (despite being, well whatever his position is.)
http://www.aflcio.org/Corporate-Watch/CEO-Pay-and-You/100-Hi...
Re: Tumblr founder to get $81 million to remain at Yahoo
#8How are these contracts usually written with regards to the event of firing? Disclaimer: I fully realize that's not statistically likely at all, but I want any answers to narrowly focus on the legal language in the contract around that event.
I think it's really more just a way to give a bit of incentive to sticking around longer. With the money he now has personally he could do anything he wants - so we can assume that he at least in part wants to keep seeing Tumblr move forward.
Re: Tumblr founder to get $81 million to remain at Yahoo
#9[deleted]
Re: Tumblr founder to get $81 million to remain at Yahoo
#10To me, the most fascinating aspect of the article is the list of Yahoo acquisitions since Mayer joined:
July 17, 2012 Marissa Mayer becomes Yahoo CEO
October 25, 2012 Stamped (Social Recommendation)
December 4, 2012 OnTheAir (Video Conferencing)
January 22, 2013 Snip.it (Social Network)
February 12, 2013 Alike (Social Recommendation)
March 20, 2013 Jybe (Social Recommendation)
March 25, 2013 Summly (News Aggregation, Summarization)
May 1, 2013 Astrid (Productivity)
May 9, 2013 GoPollGo (Real-time Surveys)
May 9, 2013 MileWise (Reward Programs)
May 10, 2013 Loki Studios (Mobile Gaming)
May 17, 2013 Tumblr (Blogging)
May 23, 2013 PlayerScale (Online Gaming)
June 12, 2013 GhostBird Software (Mobile Photography Apps)
June 13, 2013 Rondee (Video Conferencing)
July 2, 2013 Bignoggins (Fantasy Sports)
July 2, 2013 Qwiki (Automated Video Production)
July 3, 2013 Xobni (Address Book Apps/CRM)
July 18, 2013 Ztelic (Social Analytics)
July 31, 2013 Lexity (E-commerce App Platform)