According to the Securities and Exchange Commission, Yahoo CEO Marissa Mayer received a cut of 15 percent on her compensation, ending with a sum of $36 million rather than 2015’s $42 million.
Economists argue that Mayer does not gather the necessary skills to develop a company such as Yahoo. They used as evidence the unbalanced compensation amount, as Apple’s CEO Tim Cook had a salary of $10 million last year, while the company turned out to be much more profitable on its financial endeavors when compared to Yahoo.
Yahoo stocks have been dropping since last year, as the company’s stock value displayed a concerning decrease of 15 percent. Analysts say that the company will undergo potential disappearance if they do not choose to focus and excel in specific areas or services. Although other companies such as Google and Facebook have been able to spread on to different platforms, they maintain the upper hand regarding their area of expertise, as Facebook dominates the social media web profile and Google the search engine business.
Yahoo is expected to become a private company or to become part of a larger one, as there are critical needs in changing their leadership structure and updating short and long term goals. But even if the company decides to secede from Mayer, she will receive an enormous compensation. If Mayer got fired, she would receive an astounding amount of $55 million.
Yahoo was founded on 1995 under its current name by Jerry Yang and David Filo. Marissa Mayer had worked at Google since 1999, becoming the 20th employee to join the brand while also being the first female engineer to work for the company. She was anointed as Yahoo’s CEO on 2012.
According to statements released by Yahoo, Marissa Mayer’s compensation is actually sufficient as she does not pay her private aircraft expenses through Yahoo when it comes to business travels.
To mock Yahoo’s distress, a prankster has set the company for sale on Craigslist.
“A rare find, this one-of-a-kind Internet original is now available to the public for a limited time. A beautiful piece in good-to-fair condition, showing some signs of wear but easily restored in the hands of the right person. Sadly, the original owners can no longer maintain it,” the ad reads
Source: Tech Times