Yahoo! Inc. (NASDAQ:YHOO)’s CEO Marissa Mayer, is a controversial figure, and most of the support that she has been able to garner, which is not that big to begin with, has mostly been after the tech company’s latest earnings release. As a CEO you have to be made of a particularly solid substance in order to survive the criticism that she has been subjected to.
In an article on SFGate by Wendy Lee, we get an inside peek into Mayer’s secret of handling critique. Apparently, she just ignores it. In her acceptance speech for the INFORUM’s 21st Century Visionary Award, she told the audience that nearly five years ago she just completely stopped reading what people had to say about her, regardless whether it was praise or just downright criticism, according to Lee.
In my opinion Yahoo! Inc. (NASDAQ:YHOO) could certainly use some of the feedback, especially at a time when its core operations are nearly valued $0, and the main components of the company’s valuation are its stake in Alibaba and Yahoo! Japan. In a nutshell Yahoo! Inc. (NASDAQ:YHOO)’s core operations are in dire straits and do not need Mayer’s cute remarks such as asking her husband to read the public remarks about her and then summarizing them for her, according to Lee.
Marissa Mayer has purchased more than 40 companies during her tenure at Yahoo! Inc. (NASDAQ:YHOO), which also include names like Tumblr and Summly, as Lee mentioned. However, none of these acquisitions have really worked out for the tech company, and many critics have argued that Mayer is paying a lot more than what these companies are worth. There could be a serious problem with Yahoo! Inc. (NASDAQ:YHOO) CEO’s calculator, but how can she fix it if she doesn’t know about it. She doesn’t know about it, because she doesn’t want to listen to people who are trying to tell her about the problem.
Yahoo! Inc. (NASDAQ:YHOO)’s future lies in the hands of Zack Brogue, Mayer’s husband, and his ability to sugar coat serious concerns that are buzzing around regarding Mayer’s management.
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