Yahoo! Inc. (NASDAQ:YHOO) made a mistake when it chose to end its work-from-home option for employees.
That’s according to Virgin Group founder Richard Branson who spoke with Emily Chang on Bloomberg together with Facebook Inc (NASDAQ:FB) Chief Operating Officer Sheryl Sandberg.
According to the high-profile executives, Yahoo! Inc. (NASDAQ:YHOO) could have done better than just ending their work-from-home program.
“I think they are [wrong]. I think it was a mistake and I’ve said so. [Yahoo Chief Executive Officer Marissa Mayer and I] agreed to differ on it. She had a problem with the company and wanted to sort of say ‘Right. Everybody get back to work.’ I personally think it’s mistaken. I think that people working from home, if they have kids, they can get the job done at home and they can be around their kids,” Branson tells Chang and Sandberg.
Meanwhile, Sandberg also agrees that there are more ways Yahoo! Inc. (NASDAQ:YHOO) could have dealt with its problems and how to make their work-from-home program better for their employees and the company itself.
“Most companies can be more flexible than they are and there are a couple changes you need to make. One is [to be] results-focused not face time-focused. Measuring the results not ‘Oh, the person tried really hard.’ Of course we care that people try but when you do that you’ve built this culture of being seen in the office trying which is different from results,” Sandberg says.
According to Sandberg, there was one person at Facebook who was famous for his not coming to work. However, that person had “awesome” results too, she says. It sort of turned into a joke, she adds, that people would comment how this employee was not in the office again but the company did not mind because he was delivering.
Aside from talking about Yahoo! Inc. (NASDAQ:YHOO), Sandberg and Branson also talked about Facebook’s egg-freezing benefit and women in politics in the same series of interview. Earlier, Sandberg also explained how excited she is about mobile and advertising for small businesses through Facebook videos.
Daniel S. Och’s OZ Management owned about 8.99 million shares of Yahoo! Inc. (NASDAQ:YHOO) by the end of the last quarter of 2014.
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