The End of Yahoo: Marissa Mayer To Resign; Yahoo To Change Its Name To Altaba (arstechnica.com)

Posted by BeauHD on Monday January 9, 2017 @01:45PM from the end-of-an-era dept.

maxcelcat writes: Spotted on The Register's twitter feed: Yahoo! Submission to The SEC. Most of the board is leaving, including CEO Marissa Mayer. The company has been bought by Verizon and is changing its name to Altaba Inc. I'm old enough to remember when Yahoo was a series of directories on a University's computers, where you could browse a hierarchical list of websites by category. And here I am watching the company's demise. According to the regulatory filing, the changes will take place after the sale of its core business is completed with Verizon for roughly $4.8 billion. The Wall Street Journal notes: "Verizon officials have indicated all options remain possible, including renegotiating the terms of the deal or walking away."

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Re:Finally! by Anonymous Coward · 2017-01-09 14:58 · Score: 5, Interesting

She didn't fail at Google, she was widely respected both internally and externally
Bullshit. She was known as a shitty project manager but had a relationship with Larry and later a few other higher ups so most people just let it go and she rose through the ranks.
Re:Finally! by Anonymous Coward · 2017-01-09 15:04 · Score: 5, Interesting

She didn't fail at Google, she was widely respected both internally and externally. Hence why the Yahoo board chose as CEO of the company.
>

While at Google, she was demoted and left shortly after. Yahoo hired her because "she worked at Google, she must be smart".
This sort of shit happens all the time. Helwett-Packard, world's largest computer hardware maker hired a CEO from a software-only company, who had recently been fired after only 2 years as CEO. And then, after only 11 months at HP, fired him and replaced with him the the former CEO of Ebay.