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Its a pretty nice retention package, always nice to hear when someone 'wins' like this. I hope he continues to innovate going forward.
Good 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.
How 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 just finished up an earn out with performance goals on both revenue and margin, and found it to be very challenging. We ended up making product decisions with only the near-term implications in mind, and I feel it actually stunted our growth in both the near and long-term.
Given my experience, I strongly feel companies should base earn outs on length of time, while giving founders the autonomy to try new things while they are there. I heard Google shifted toward that model over time, but can't confirm. Hopefully Tumblr's founder got similar terms...
Earlier quoted context omitted.
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.
Think about it: you spent years upon years building a blogging platform, which I guess pretty much anyone would agree is not that much captivating, and you finally got an exit. And we're talking about Yahoo, with that scale you can be sure that whatever the future needs of the company might be those will be satisfied. Basically you brought the company/platform where you wanted it to be, so $81MM or not I think anyone…
Or he just wants to retire in 4 years $80 million richer
I wonder if there is a performance component to this, or if it's based solely on him sticking around for the long haul. I just finished up an earn out with performance goals on both revenue and margin, and found it to be very challenging. We ended up making product decisions with only the near-term implications in mind, and I feel it actually stunted our growth in both the near and long-term. Given my experience, I s…
To 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,…
I wonder if there is a performance component to this, or if it's based solely on him sticking around for the long haul. I just finished up an earn out with performance goals on both revenue and margin, and found it to be very challenging. We ended up making product decisions with only the near-term implications in mind, and I feel it actually stunted our growth in both the near and long-term. Given my experience, I s…
You've just discovered the reason our investment banking system is so screwed up. Earn $20M on your trades this year? Take $500K as a bonus. Those same investments lose $30M the year after? Well, now your bonus is just $30K and maybe you'll do better next year.