I suppose we're just wired to overestimate the value of individuals. I just hope he spends a lot of that money, whereby it might actually do the world some good (rather than 'investing' it) .
He'll just buy gold with it.
Tumblr founder to get $81 million to remain at Yahoo
41–50 of 56 posts
Re: Tumblr founder to get $81 million to remain at Yahoo
#42To 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,…
It's funny, i just summarized her davos talk last night and looking at these aquisitions, they all fall into her 'vision'. The only one that stands out is tumblr since she said they were looking to do small aquisitions, therefore she is following her vision and the market will decide if it is successful. If she succeeds, the media will be praising her to the moon and if she flops, we will hear ll the scathing blog po…
I'd correct: If she succeeds, she will be praised to the moon, and if she fails, most people will say "heh, Yahoo! was doomed to irrelevance anyway" and forget about it in a few months.
I'm starting to believe more and more (although not fully convinced yet) that the former is the most likely outcome; she's in a good position right now.
Re: Tumblr founder to get $81 million to remain at Yahoo
#43How 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.
In my experience even if the retainee is fired they get the whole thing, the retaining company seems to often end up with a clause that says is parting ways is the retainee's idea they forfeit their retention package.
Usually it says "fired without cause" they get the whole thing, but if fired with cause then they don't.
Re: Tumblr founder to get $81 million to remain at Yahoo
#44To 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,…
It's funny, i just summarized her davos talk last night and looking at these aquisitions, they all fall into her 'vision'. The only one that stands out is tumblr since she said they were looking to do small aquisitions, therefore she is following her vision and the market will decide if it is successful. If she succeeds, the media will be praising her to the moon and if she flops, we will hear ll the scathing blog po…
What's her vision?
Re: Tumblr founder to get $81 million to remain at Yahoo
#45$81 million sounds kinda low for the value of Tumblr.
Err, that's just the money that the founder got IN ADDITION to the sale, in order to stay with Yahoo.
Tumblr was sold for 1.1 billion.
Re: Tumblr founder to get $81 million to remain at Yahoo
#46Earlier quoted context omitted.
In my experience even if the retainee is fired they get the whole thing, the retaining company seems to often end up with a clause that says is parting ways is the retainee's idea they forfeit their retention package.
Usually it says "fired without cause" they get the whole thing, but if fired with cause then they don't.
My particular package it didn't matter why they fired me but anecdotes aren't data. There was a carve out that if I was convicted of a felony they could evaluate whether or not to pay me. I asked about the firing or not clause to our CEO at the time, and he said, "Oh, they won't fire you, if they want to get out of the obligation they will make you quit."
Which I supposed was probably true.
Re: Tumblr founder to get $81 million to remain at Yahoo
#47Earlier quoted context omitted.
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…
> so I guess he must be very driven and passionate about blogging Or he just wants to retire in 4 years $80 million richer
Or take it easy for the next 4 years. A couple of acquired CEO's I met at Google when I was there seemed a bit useless if you know what I mean. Great people but basically putting in their time until their retention clause was met, or at least it seemed that way. I don't discount the possibility that I was just envious though.
Re: Tumblr founder to get $81 million to remain at Yahoo
#48I suppose we're just wired to overestimate the value of individuals. I just hope he spends a lot of that money, whereby it might actually do the world some good (rather than 'investing' it) .
I don't think you understand what "investing" is. Investing is giving money to someone (or even just a bank) in exchange for something which might change value. That person is then going to go spend the money somewhere else. There's pretty much no way to prevent money from moving around other than turning it into cash and burying it.
Re: Tumblr founder to get $81 million to remain at Yahoo
#49To 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,…
It's funny, i just summarized her davos talk last night and looking at these aquisitions, they all fall into her 'vision'. The only one that stands out is tumblr since she said they were looking to do small aquisitions, therefore she is following her vision and the market will decide if it is successful. If she succeeds, the media will be praising her to the moon and if she flops, we will hear ll the scathing blog po…
The stock price has been driven by share buybacks, and the appreciation of Alibaba.
It's more accurate to say that financial markets, past acquisitions, and activist investors have driven up the share price.
That said, the share-price uptick has extended her "honeymoon." Hopefully, all of these acquisitions, cultural changes, etc. add up to something.
Re: Tumblr founder to get $81 million to remain at Yahoo
#50I have no problem with him getting 81m. The fact that all of the other employees combined get 29m combined while he gets that is pretty lame though.
Not really. Karp is worth orders of magnitude more to Yahoo! than the rest of the team. Yahoo!'s always had engineers who could bring products to market. Their deficiency has long been with executives and the product groups.
Karp is worth orders of magnitude more to Yahoo! than the rest of the team.
So you know the other members of the team and what value they bring? Would love to hear a breakdown from your end since you clearly know their capabilities.
Edit: yeah asking for someone to explain an absurd generalization sure is grounds for downvotes...?