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Investopedia reports[1]
Marissa Mayer's disappointing reign as CEO of Yahoo (YHOO) is looking pretty rich for her. According to documents filed on [April 24], Mayer will make $186 million once the internet company that she was criticized for running into the ground finally sells its core holdings to Verizon (VZ). The protracted $4.48 billion merger, which was delayed following a number of big security breaches, is expected to be completed in June.
Security filings state that Mayer's Yahoo stock, stock options and restricted stock units are worth up to $186 million, based on Monday's share price of $48.15. That hefty payout, which will come on top of Mayer's regularly salary, bonuses, and stock that she has already sold, will be rewarded to her if Yahoo shareholders vote to sell the company June 8.
[1] They should validate their HTML--especially if they are going to put styling in that. (It's been a long time since I've seen something with anywhere near 388 flagged items.)
(Score: 1) by WillR on Thursday April 27 2017, @12:33PM (6 children)
(Score: 0) by Anonymous Coward on Thursday April 27 2017, @12:40PM (4 children)
You get what you pay for. People paid for shares in Yahoo, and then let the board issue themselves these ridiculous amounts of money.
(Score: 3, Disagree) by GungnirSniper on Thursday April 27 2017, @12:49PM (3 children)
How many of them were the same board that turned down Microsoft's offer?
Yahoo lived half of its existence in fear of Microsoft, but that backward-looking view prevented it from creating the future Google did instead.
Tips for better submissions to help our site grow. [soylentnews.org]
(Score: 0) by Anonymous Coward on Thursday April 27 2017, @02:40PM
It's filled to the gills with programmers who don't care about what they're building, and with useless business folks who are just scrambling to be the next top dog.
(Score: 4, Insightful) by DannyB on Thursday April 27 2017, @04:00PM (1 child)
By the time Microsoft offered Yahoo $40 Billion, Google had already built the future. It is only in Microsoft's mind that the future had not already happened.
Ballmer failed to understand the power of open source. It may start out small. But it keeps growing and growing. It is not tied to marketing schedules, increasing feature lists. It is only tied to what its developers need. Open source grows and keeps coming. It's like trying to stop the incoming tide with your hands. It may take time for it to come in, but you can't stop it.
Ballmer failed to understand how Moore's Law would affect its business model. Once computers drop from $5,000 to $500, to $50, how will this affect Microsoft's OEM license price of $50 to pre-install a bunch of Microsoft gook?
Ballmer failed to understand the rise of smart phones and mobile devices. He missed the Netbook, but was able to strangle it by resurrecting dead XP and not letting OEMs have XP unless they crippled their Linux netbooks. But Ballmer failed to recognize that decreasing hardware costs would put computers into phones and tablets. Ballmer laughed at the iPhone. And at Android. Then belatedly tried to build a new Windows Phone 7. Then a new but incompatible Windows Phone 8 in order to screw Developers Developers who had invested in Windows Phone 7. Then he was surprised when it didn't sell.
Which brings us to . . .
Ballmer failed to realize that Google had already built the future. Google provided many free internet services. Gmail. Maps. Drive. Docs. Keep. News. And many others. But why and how? Ballmer didn't get it. He laughed at Google for giving it all away. He didn't realize that all these superior free services were the 250 mile wide moat that protected the main castle -- advertising from invaders.
Not realizing that Google had already built the future, Ballmer foolishly offered Yahoo $40 Billion a few years back. It is a pity that this deal didn't go through. It would have drained Microsoft's cash enough to significantly de-fang Microsoft. It also would have been hilarious for years to watch the technical and cultural clash that would result.
To transfer files: right-click on file, pick Copy. Unplug mouse, plug mouse into other computer. Right-click, paste.
(Score: 2) by takyon on Thursday April 27 2017, @06:05PM
Microsoft dodged a bloated Yahoo-sized bullet. And they are by no means losing money [microsoft.com].
Nowadays Microsoft is making a stab at copying Chromebooks and addressing the absolute failure of Windows RT. On the phone front, well... [geekwire.com]
Theoretically, Microsoft could sell their own Android phone packed with Microsoft Skype, Office, etc. Push the phone-dock-to-PC capability which has yet to catch on but could work in an era of flagship smartphones with 6-8 GB of RAM. But the smartphone space is so incredibly saturated, with even Google pushing their own phones.
Microsoft has a good chance to do something exciting on the VR and particularly the AR front, but I don't like the current specs of HoloLens and MS will face a tough fight in the segments from Google, Samsung, Sony, Oculus/Facebook, etc.
Still, Microsoft's future (or present) is bright in spite of all of its failures. They are a turbo-charged AOL, and they have enough money to try to make some more money. Forcibly. By gambling.
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: -1, Flamebait) by Ethanol-fueled on Thursday April 27 2017, @01:50PM
186 Million for Jewish Nepotism.