Entries in Marissa Mayer (4)


Yahoo CEO's New Work Order Hits Home

Paul Zimmerman/Getty Images for TechCrunch/AOL(NEW YORK) -- Yahoo employees who are used to working from home will have to get used to working in the office again.

CEO Marissa Mayer has issued an edict that the days of telecommuting are over as she tries to restore the search engine back to its former glory.

The message from Yahoo's human resources said, "To become the absolute best place to work, communication and collaboration will be important, so we need to be working side-by-side.  That is why it is critical that we are all present in our offices."

There are an estimated 11,500 full-time Yahoo employees currently working from home who must comply with Mayer's orders.  In some cases, they'll either have to relocate to get closer to Yahoo offices or else look for another job.

Mayer isn't letting the occasional telecommuter off the hook either as the memo from HR states: "[F]or the rest of us who occasionally have to stay home for the cable guy, please use your best judgment in the spirit of collaboration."

A former Google executive who was hired last summer to turn around Yahoo's fortunes, Mayer came with a sterling track record and a technical background that includes a master’s degree in computer science from Stanford.  Her immediate task was downsizing 2,000 jobs to save the company an estimated $375 million.

Copyright 2013 ABC News Radio


Yahoo Buys Justin Bieber-Backed Start-Up

Daniel Acker/Bloomberg via Getty Images(NEW YORK) -- New Yahoo CEO Marissa Mayer has given a Justin Bieber-backed company her stamp of approval.  In fact, Mayer liked it so much, she bought it -- her very first acquisition since taking the reins in July.

Yahoo purchased the mobile app Stamped, which was founded in 2011 and is based in New York, for about $10 million.

The purchase vibes with Mayer’s stated goal during the company’s third-quarter earnings call of becoming “a predominantly mobile company.”

“At some point at least half our technical workforce should be working on mobile,” she said.

Mayer verified the acquisition on Twitter with an Instagram photo from Stamped headquarters.

“Got to visit our new acquisition, Stamped, this morning — happy to be reunited with Robby (@rmstein) and his team,” Mayer tweeted last week.

Stamped -- which is backed by a gaggle of celebrity investors, including Ellen DeGeneres, Ryan Seacrest and Justin Bieber, along with Bain Capital Ventures, Columbia Records, Google Ventures, and The New York Times Company -- lets users keep track of and recommend things like restaurants, books and music to friends online.  Its app was first launched last November.

In a statement about the acquisition, Adam Cahan, Yahoo’s senior vice president of emerging products and technology, noted that mobile is becoming one of the company’s “most important priorities” and that it is “accelerating our efforts to build a world-class team of mobile engineers, product managers and designers.”

Stamped founders said that the start-up will be creating “a new product and engineering office for Yahoo in New York City’s Bryant Park,” but declined to specify what it is.

Stamped’s iPhone and web app will both be discontinued by the end of the year.

ABC News has a content-sharing partnership with Yahoo.

Copyright 2012 ABC News Radio


New Yahoo CEO Marissa Mayer Is Really in the Money

Paul Zimmerman/Getty Images for TechCrunch/AOL(NEW YORK) -- That sound you hear of someone yelling "Yahoo!" comes from none other than its new chief executive, former Google big-wig Marissa Mayer.

The struggling Internet company announced earlier this week that the 37-year-old, who is also due to give birth to her first child in October, was named as its fifth CEO in five years.

On Thursday, Yahoo released some details of what Mayer will be receiving to help turn around its fortunes and by the looks of things, she did better than okay for herself.

The package over five years could reach as high as $100 million in compensation, stock, bonuses and retention awards.

Over the course of the next five-plus months, Mayer will earn $5.4 million and then collect an estimated $20 million annually, some of which will be tied to her satisfying performance targets.

Mayer's stock units are figured at $14 million to help make up for some of the lost compensation from Google, where she worked for 13 years after becoming the search engine's 20th employee.

Yahoo still gets about 700 million visitors per month to its various sites but has suffered losses over the years that necessitated laying off 2,000 employees during 2012.  It's believed that one of Mayer's goals is to help Yahoo develop innovative Web services.

Copyright 2012 ABC News Radio


Google Executive Named Yahoo CEO

Paul Zimmerman/Getty Images for TechCrunch/AOL(NEW YORK) -- Yahoo has had an unlucky executive streak lately, but that may be coming to an end. Marissa Mayer, one of Google's top executives, will join Yahoo as its new CEO, the company confirmed Monday.

"I am honored and delighted to lead Yahoo!, one of the Internet's premier destinations for more than 700 million users," Mayer said in a statement. "I look forward to working with the Company's dedicated employees to bring innovative products, content, and personalized experiences to users and advertisers all around the world."

Mayer joined Google in 1999 and was one of its first engineers. She leaves Google as its vice president of location and local services. She has been named as one of the most powerful women in technology time and again.

Yahoo has struggled to find a standing CEO since Scott Thompson left in May after admitting that his official biography included a college degree he never earned. Thompson was the third to assume the leadership position since 2011, when Carol Bartz resigned after failing to revive the company.

Mayer, 37, has worked on Google's search homepage, Gmail, and other successful Google products.

Mayer resigned Monday from Google. She will begin Tuesday as Yahoo's CEO.

Copyright 2012 ABC News Radio

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