Yahoo's Marissa Mayer could get $55 million severance package
by Jose Pagliery
April 29, 2016: 9:12 PM ET
Yahoo CEO Marissa Mayer stands to make $55 million if the struggling company gets sold -- and she gets booted.
The company revealed Mayer's severance package and her 2015 pay when it updated its annual report on Friday evening.
Mayer's golden parachute would be a huge payout for a chief executive who hasn't been able to stop the technology behemoth's free fall. In 2015, the value of her company's stock fell by 33%.
Most of the $55 million severance package is made up of restricted stock units and options. Only $3 million is actual cash.
On Friday, Yahoo also revealed that Mayer got a significant pay cut last year.
Her "reported pay" -- what she was promised -- was $36 million. But her "realized pay" -- what she was actually able to keep -- is closer to $14 million. Because of the complex nature of executive pay, she could wind up making more than that someday in the future.
Either way, though, it's a massive pay cut from the previous year, when her "reported pay" was $42 million.
Mayer's income was drastically reduced "because the company's 2015 performance fell short of the rigorous annual financial goals we set," the company states in its annual report.
The report also reveals Yahoo's executives decided to give up their bonuses last year.
Yahoo (YHOO, Tech30) representatives declined to provide additional comment to CNNMoney.
marissa mayer pay
There's lots of attention on Mayer's pay, because her tenure at Yahoo could soon be over. Her four-year odyssey to improve Yahoo's finances hasn't worked.
The company has spent billions of dollars buying promising firms and hiring well-known media personalities.
It started focusing on mobile and video. Yet the company's core business -- Internet advertising -- has been completely overtaken by Facebook (FB, Tech30) and Google (GOOGL, Tech30).
While Yahoo treads water, it's the tiny Silicon Valley players that are landing the huge deals, like Snapchat partnering with NBC for Olympics coverage.
In an effort to cut costs, Yahoo fired 15% of its staff earlier this year. But the latest numbers were abysmal, with Yahoo posting a $99 million loss in the first quarter of 2016. As a result, Mayer has said that selling Yahoo is now "a top priority."
It's gotten so bad that activist investors have swooped in, and Mayer's arch-nemesis is now her boss. Activist hedge fund manager Jeff Smith, who has long fought with Mayer over control of Yahoo, has joined the company's board, along with three other executives chosen by him.
CNN's David Goldman contributed to this report.
- wong chee tat :)
Showing posts with label yahoo. Show all posts
Showing posts with label yahoo. Show all posts
Sunday, May 1, 2016
Wednesday, June 5, 2013
Yahoo! breaks its silence on MDA licensing scheme
Yahoo! breaks its silence on MDA licensing scheme
By S Ramesh
POSTED: 05 Jun 2013 7:32 PM
Yahoo! has broken its silence on the new licensing rules for online news sites in Singapore, which kicked in on June 1. The response came in a posting on its webpage by Alan Soon, Yahoo!'s country manager for Singapore and managing editor for Southeast Asia.
SINGAPORE: Yahoo! has broken its silence on the new licensing rules for online news sites in Singapore, which kicked in on June 1.
The response came in a posting on its webpage by Alan Soon, Yahoo!'s country manager for Singapore and managing editor for Southeast Asia.
Yahoo! noted that prior to the new licensing framework it was already bound to comply with the Media Development Authority's Internet Code of Practice.
Mr Soon said this key guideline complements Yahoo!'s own internal editorial policies around what is suitable for its readers, and that further regulation is redundant.
Yahoo! noted that the new framework has caused confusion and unsettled both users as well as the media industry.
However, Yahoo! also said the new licensing rules will help pave the way for full accreditation and access for its reporters.
It believed this will help strengthen its editorial reporting.
Yahoo! said as a network, it serves one million unique users in Singapore each day.
Unlike reporters from mainstream media, Yahoo! reporters are not accredited with the Ministry of Communications and Information, and are not given access to government media conferences.
Under the new rules announced on May 28 and which came into effect on June 1, local news sites with a significant reach will require individual licensing.
10 news sites were placed on this list, including Yahoo! Singapore.
These new sites need to put up a performance bond of S$50,000, and will need to comply with any take-down notice from authorities within 24 hours.
- CNA/xq
- wong chee tat :)
By S Ramesh
POSTED: 05 Jun 2013 7:32 PM
Yahoo! has broken its silence on the new licensing rules for online news sites in Singapore, which kicked in on June 1. The response came in a posting on its webpage by Alan Soon, Yahoo!'s country manager for Singapore and managing editor for Southeast Asia.
SINGAPORE: Yahoo! has broken its silence on the new licensing rules for online news sites in Singapore, which kicked in on June 1.
The response came in a posting on its webpage by Alan Soon, Yahoo!'s country manager for Singapore and managing editor for Southeast Asia.
Yahoo! noted that prior to the new licensing framework it was already bound to comply with the Media Development Authority's Internet Code of Practice.
Mr Soon said this key guideline complements Yahoo!'s own internal editorial policies around what is suitable for its readers, and that further regulation is redundant.
Yahoo! noted that the new framework has caused confusion and unsettled both users as well as the media industry.
However, Yahoo! also said the new licensing rules will help pave the way for full accreditation and access for its reporters.
It believed this will help strengthen its editorial reporting.
Yahoo! said as a network, it serves one million unique users in Singapore each day.
Unlike reporters from mainstream media, Yahoo! reporters are not accredited with the Ministry of Communications and Information, and are not given access to government media conferences.
Under the new rules announced on May 28 and which came into effect on June 1, local news sites with a significant reach will require individual licensing.
10 news sites were placed on this list, including Yahoo! Singapore.
These new sites need to put up a performance bond of S$50,000, and will need to comply with any take-down notice from authorities within 24 hours.
- CNA/xq
- wong chee tat :)
Saturday, May 11, 2013
Saturday, April 20, 2013
Yahoo China to end email service: media
Yahoo China to end email service: media
POSTED: 19 Apr 2013 7:48 PM
UPDATED: 19 Apr 2013 10:45 PM
Yahoo's China arm will shut down its email service later this year, state media reported on Friday, in a move illustrating the brand's diminishing profile in the country.
BEIJING: Yahoo's China arm will shut down its email service later this year, state media reported Friday, illustrating the brand's diminishing profile in the country.
China Yahoo! announced it will close its email service by August 19, a move the China Daily said will leave it with just its web portal business.
Users of the service were informed that they must register with AliCloud, a unit of Chinese e-commerce giant Alibaba, to prevent emails and other information from being deleted when Yahoo's mail service stops.
China Yahoo! has been operated by Alibaba since 2005, the paper said.
The US Internet giant Yahoo! has come under criticism in the past over its business in China, with executives apologising in 2007 for providing evidence that Chinese authorities used to convict government critics.
The company said it was legally obliged to divulge information about its users to the Chinese government but that it was unaware it would be used to convict dissidents.
The end of the service will affect millions of users, the paper quoted Alibaba public relations official Zhang Jianhua as saying, though he did not have a total figure.
The China Daily quoted Zhang as saying the move was because "we are not sure how long we can provide the email service under Yahoo's current technological structure".
In September, Alibaba Group Holding Limited announced that it has bought back billions of dollars worth of stock from Yahoo!, by completing an initial repurchase of shares from the US company and other transactions valued at approximately US$7.6 billion.
The move partly fulfilled a previous deal that Yahoo! would sell back its 40 percent stake in Alibaba.
In a statement to AFP, a spokesperson for China Yahoo! confirmed that the email service would be suspended and said: "We will offer several options to our users to make this transition as smooth as possible, and China Yahoo! users will have four months time to migrate their accounts."
The statement said that the migration process had started on Thursday.
Users of China's Twitter-like microblogs expressed anger at the news.
A post under the name "Lisa's paw" said: "How can they do this? All of sudden Yahoo mail can't be logged onto and everything was moved to AliCloud. Did you ask for users' opinions?"
- AFP/fl
- wong chee tat :)
POSTED: 19 Apr 2013 7:48 PM
UPDATED: 19 Apr 2013 10:45 PM
Yahoo's China arm will shut down its email service later this year, state media reported on Friday, in a move illustrating the brand's diminishing profile in the country.
BEIJING: Yahoo's China arm will shut down its email service later this year, state media reported Friday, illustrating the brand's diminishing profile in the country.
China Yahoo! announced it will close its email service by August 19, a move the China Daily said will leave it with just its web portal business.
Users of the service were informed that they must register with AliCloud, a unit of Chinese e-commerce giant Alibaba, to prevent emails and other information from being deleted when Yahoo's mail service stops.
China Yahoo! has been operated by Alibaba since 2005, the paper said.
The US Internet giant Yahoo! has come under criticism in the past over its business in China, with executives apologising in 2007 for providing evidence that Chinese authorities used to convict government critics.
The company said it was legally obliged to divulge information about its users to the Chinese government but that it was unaware it would be used to convict dissidents.
The end of the service will affect millions of users, the paper quoted Alibaba public relations official Zhang Jianhua as saying, though he did not have a total figure.
The China Daily quoted Zhang as saying the move was because "we are not sure how long we can provide the email service under Yahoo's current technological structure".
In September, Alibaba Group Holding Limited announced that it has bought back billions of dollars worth of stock from Yahoo!, by completing an initial repurchase of shares from the US company and other transactions valued at approximately US$7.6 billion.
The move partly fulfilled a previous deal that Yahoo! would sell back its 40 percent stake in Alibaba.
In a statement to AFP, a spokesperson for China Yahoo! confirmed that the email service would be suspended and said: "We will offer several options to our users to make this transition as smooth as possible, and China Yahoo! users will have four months time to migrate their accounts."
The statement said that the migration process had started on Thursday.
Users of China's Twitter-like microblogs expressed anger at the news.
A post under the name "Lisa's paw" said: "How can they do this? All of sudden Yahoo mail can't be logged onto and everything was moved to AliCloud. Did you ask for users' opinions?"
- AFP/fl
- wong chee tat :)
Monday, November 12, 2012
Australian wins US$208k from Google for gang links
Australian wins US$208k from Google for gang links
Posted: 12 November 2012 1256 hrs
SYDNEY: Google was ordered to pay AU$200,000 (US$208,000) in damages to an Australian man on Monday after a jury found the Internet giant defamed him by publishing material linking him to mobsters.
Milorad Trkulja, an entertainment promoter who is now 62, was shot in the back in 2004 in a crime that was never solved.
He accused Google of defaming him with material he said implied he was a major crime figure in Melbourne and had been the target of a professional hit.
Searches of his name brought up references to the city's gangsters including crime boss Tony Mokbel and a now defunct site called "Melbourne Crime" chronicling gang-related incidents.
Google denied publication in the Supreme Court of Victoria, saying it had innocently disseminated material published by others, and also disputed that the material conveyed the defamatory implications claimed by Trkulja.
But a jury ruled in his favour, finding the Internet firm had been on notice and failed to act on the issue from October 2009, when Trkulja's lawyers wrote to them demanding action over the "grossly defamatory" content.
Judge David Beach ordered Google to pay Trkulja AU$200,000, likening their role in publication to a library or newsagent, which have "sometimes been held to be publishers for the purposes of defamation law" in Australia.
"Google Inc is like the newsagent that sells a newspaper containing a defamatory article," Beach said in his judgement.
"While there might be no specific intention to publish defamatory material, there is a relevant intention by the newsagent to publish the newspaper for the purposes of the law of defamation."
Beach said the jury was "entitled to conclude that Google Inc intended to publish the material that its automated systems produced, because that was what they were designed to do upon a search request".
Trkulja, who argued that his reputation was central to his work and had been seriously damaged by the defamatory material, had already won AU$225,000 from Yahoo in an earlier case on the same matter.
- AFP/xq
- wong chee tat :)
Posted: 12 November 2012 1256 hrs
SYDNEY: Google was ordered to pay AU$200,000 (US$208,000) in damages to an Australian man on Monday after a jury found the Internet giant defamed him by publishing material linking him to mobsters.
Milorad Trkulja, an entertainment promoter who is now 62, was shot in the back in 2004 in a crime that was never solved.
He accused Google of defaming him with material he said implied he was a major crime figure in Melbourne and had been the target of a professional hit.
Searches of his name brought up references to the city's gangsters including crime boss Tony Mokbel and a now defunct site called "Melbourne Crime" chronicling gang-related incidents.
Google denied publication in the Supreme Court of Victoria, saying it had innocently disseminated material published by others, and also disputed that the material conveyed the defamatory implications claimed by Trkulja.
But a jury ruled in his favour, finding the Internet firm had been on notice and failed to act on the issue from October 2009, when Trkulja's lawyers wrote to them demanding action over the "grossly defamatory" content.
Judge David Beach ordered Google to pay Trkulja AU$200,000, likening their role in publication to a library or newsagent, which have "sometimes been held to be publishers for the purposes of defamation law" in Australia.
"Google Inc is like the newsagent that sells a newspaper containing a defamatory article," Beach said in his judgement.
"While there might be no specific intention to publish defamatory material, there is a relevant intention by the newsagent to publish the newspaper for the purposes of the law of defamation."
Beach said the jury was "entitled to conclude that Google Inc intended to publish the material that its automated systems produced, because that was what they were designed to do upon a search request".
Trkulja, who argued that his reputation was central to his work and had been seriously damaged by the defamatory material, had already won AU$225,000 from Yahoo in an earlier case on the same matter.
- AFP/xq
- wong chee tat :)
Friday, November 12, 2010
Yahoo calls 20 per cent layoff report 'inaccurate'
Yahoo calls 20 per cent layoff report 'inaccurate'
FRAMINGHAM, 12 NOVEMBER 2010 - Yahoo is denying reports that the company is in the midst of a 20 per cent reduction of its workforce.
Rumors began swirling online late on Thursday afternoon when high-tech blog TechCrunch , citing unnamed sources, reported that the online company is preparing to lay off 20% of its entire staff of about 14,000, or 2,800 people.
The company is not denying there are layoffs in the works, but is trying to temper the report. " Yahoo is always evaluating expenses to align with the company's financial goals," Yahoo representative Dana Lengkeek told Computerworld by e-mail. "However, a 20% reduction in Yahoo's workforce across the board is misleading and inaccurate."
Speculation about layoffs at Yahoo comes just one day after reports surfaced that another Internet icon, Google , was getting ready to hand out 10% pay raises across the board at the beginning of the new year.
Once an Internet giant and pioneer, Yahoo has slipped into a distance second-place to Google in the hot search market, where Yahoo recently tossed out its own search engine and formalized a deal with Microsoft to use Bing search for all of Yahoo's sites.
Last month, the Internet was abuzz with speculation that AOL was interested in buying Yahoo.
Citing unnamed sources, the Wall Street Journal reported that AOL's plan to buy Yahoo was so preliminary that it hadn't even included entered discussions with Yahoo.
"Putting AOL and Yahoo together is like tying two rocks together to make one of them float," Gabriel Consulting Group analyst Dan Olds has said previously of a potential Yahoo-AOL deal.
The company doesn't deny layoffs outright but calls reported figure 'misleading'
By
12 Nov 2010
12 Nov 2010
FRAMINGHAM, 12 NOVEMBER 2010 - Yahoo is denying reports that the company is in the midst of a 20 per cent reduction of its workforce.
Rumors began swirling online late on Thursday afternoon when high-tech blog TechCrunch , citing unnamed sources, reported that the online company is preparing to lay off 20% of its entire staff of about 14,000, or 2,800 people.
The company is not denying there are layoffs in the works, but is trying to temper the report. " Yahoo is always evaluating expenses to align with the company's financial goals," Yahoo representative Dana Lengkeek told Computerworld by e-mail. "However, a 20% reduction in Yahoo's workforce across the board is misleading and inaccurate."
Speculation about layoffs at Yahoo comes just one day after reports surfaced that another Internet icon, Google , was getting ready to hand out 10% pay raises across the board at the beginning of the new year.
Once an Internet giant and pioneer, Yahoo has slipped into a distance second-place to Google in the hot search market, where Yahoo recently tossed out its own search engine and formalized a deal with Microsoft to use Bing search for all of Yahoo's sites.
Last month, the Internet was abuzz with speculation that AOL was interested in buying Yahoo.
Citing unnamed sources, the Wall Street Journal reported that AOL's plan to buy Yahoo was so preliminary that it hadn't even included entered discussions with Yahoo.
"Putting AOL and Yahoo together is like tying two rocks together to make one of them float," Gabriel Consulting Group analyst Dan Olds has said previously of a potential Yahoo-AOL deal.
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