Market Currents
Marissa Mayer has given birth to a boy, her husband tweets. Mayer, who took over as Yahoo's...
-
Monday, October 1, 2012, 12:34 PM ETMarissa Mayer has given birth to a boy, her husband tweets. Mayer, who took over as Yahoo's (YHOO) CEO in July, has said she'll take a maternity leave of only a few weeks, and plans to "work throughout it." Update: Yahoo says Mayer will return to the company after 1-2 weeks.
Other date
TECH ETFs IN FOCUS
Latest Tech Articles
This news story has 15 comments:
Just give it up, Yahoo employees.
You continue to get paychecks only because it gives Ms. Mayer satisfaction to do so. It's her world ... unlike Yahoo customers (who've abandoned it), you must live in it.
This should be a 24 hour job at this point and it's obvious the CEO won't be there for a while during some pretty critical times.
As an investor, I would be POed.
You guys ever hear of telecommuting? You guys make it sound like all the male CEOs of the world work every day in the office.
Of course the board realized she was pregnant when they hired here. They were probably rational thinking people and knew that they had ways to work around it.
I apologize for seeming insensitive, I am simply looking at it with a non-emotional eye and drawing a reasonable conclusion from that observation. This is not a male or female thing, it is biology.
Nothing wrong with a pregnant CEO. There is something wrong with having a CEO in charge of a turnaround situation who doesn't have a 100% focus on the task. You don't "telecommute" a turnaround.
You need to instill a can-do, never say-die culture from day 1 in a turnaround and this sends an odd message to the employees of Yahoo which explains why she goes to great pains to say it will only be a short maternity leave. She understands that time is of the essence.
Just look at Steve Jobs who turned around AAPL. He was obsessed with that process from the day he was brought on board and not even illness could take him away from the job. I am not saying that is a personally healthy attitude but it certainly is an investor healthy attitude.
Keep your ammo dry. The pro-Mayer camp wants to lionize her for "being a hard-charging woman who juggles the demands of a Silicon Valley company while burping the baby (and looking glamorous to boot)."
They don't care about business fundamentals or executive focus. They really don't. These are ideas that are completely foreign to them. They read "FastCompany" and "Mashable" for their news, not SEC filings.
This will be gone in a couple weeks I doubt that Yahoo will collapse in that time.
Steve Jobs took leaves of absence for his health. He did great things and lead phenomenal growth at AAPL but lets not canonize him here.
Should you buy some? Why not?