Who says incompetence doesn't pay? Especially when you're a board member !!!!
Marissa! Mayer! out! as! CEO! of! Yahoo! corpse! post-Verizon! gobble!
Marissa Mayer won't lead the remains of her beleaguered Yahoo! once telco giant Verizon gobbles up its core assets, it was announced Monday. Verizon is in the process of acquiring Yahoo!'s star components, such as Y! Mail and Y! Finance, a move that will leave behind a shell biz called Altaba. Today it was confirmed Mayer will …
COMMENTS
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Monday 13th March 2017 18:38 GMT Anonymous Coward
Who says incompetence doesn't pay?
The answer always is:
The Peter Principle. "People rise to their level of incompetence".
Then sometimes they get promoted further to get them out of the way. At a certain magic level they merely enter the pool that circulates round businesses. In each case they leave with a golden handshake - only to be immediately snapped up by another company where they introduce their pet business fad that has failed so many times before.
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Monday 13th March 2017 23:17 GMT Alt C
I've heard from some fairly senior people, it's because if they admit their pick is an abject failure it reflects badly on their ability to select candidates for a post hence above a certain level people never fail because it looks bad on those that hired them and they never know when that person will be on a selection panel for a job they want
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Monday 13th March 2017 19:11 GMT Hans 1
Belluzzo ? The undertaker of SGI, FFS .... WHAT AN UTTER MORON, no, criminal ... nobody can be that STUPID, he must have millions upon millions in offshore bank accounts, or ... he is a cretin of the very first order .... orders of magnitude over any other living being needing to breathe.
Then you have Mitchell Kertzman, what AN IDIOT, he almost killed Sybase by given MS their codebase ...
There are many more, much worse than Mayer ...
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Tuesday 14th March 2017 14:29 GMT Anonymous Coward
The older I get...
...the m ore bitter I get about my financial situation, and seeing stories like this doesn't help. When they named the monopoly money London job's salary I thought "Wahey, better get busy figuring out which Aston Martin I want!" . You can imagine my surprise when it turned out I'd effectively taken a 15% pay cut for the privilege of moving to the SE, thanks mostly to 300% higher rent (and beer a fiver a pint?!) Still, these firms all give huge annual bonuses, right? Wrong, I've had less than a month's pay as bonus and that's over three years.
So, working in a chapeau shop. What are the hours like?
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Tuesday 14th March 2017 21:45 GMT montyburns56
Buyer beware
"Verizon was due to buy Yahoo! for $4.83bn, but that price tag fell by $350m after it emerged the web biz was ransacked by hackers on two occasions"
That's like finding out that the car that you are about to buy is riddled with rust, yet the owner will only give you a 10% reduction in the price.