Marissa Mayer Biography
Marissa Mayer was born on May 30, 1975, she is an American information technology executive, formerly serving as the president and chief executive officer of Yahoo!, a position she had held starting July 2012. It was reported in January 2017 that she would step down from the company’s board upon the sale of Yahoo!’s operating business to Verizon Communications for $4.8 billion.
Mayer would not join the newly combined company, now called “Oath,” and announced her resignation on June 13, 2017. She is a graduate of Stanford University and was a long-time executive, usability leader, and key spokeswoman for Google (employee #20).
Marissa Mayer Age
She was born on 30th May 1975, she is 43 years as of 2018.
Marissa Mayer Family
She was born in Wausau, Wisconsin and she is the daughter of Margaret Mayer, an art teacher of Finnish descent, and Michael Mayer, an environmental engineer who worked for water companies. Mayer’s grandfather, Clem Mayer, had polio when he was 7 and served as mayor of Jackson, Wisconsin, for 32 years. Mayer has a younger brother. She described herself as having been “painfully shy” as a child and teenager. Mayer had more than one activity after-school every day,” participating in ballet, ice-skating, piano, swimming, debate, and Brownies. When she was in middle school and high school, she took piano and ballet lessons, the latter of which taught her “criticism and discipline, poise, and confidence”. In her early age, she showed an interest in math and science.
Marissa Mayer Husband|Twin Names|Personal Life
She got married to lawyer and investor Zachary Bogue on December 12, 2009. During the day Yahoo! announced her hiring, Mayer revealed that she was pregnant; Mayer gave birth to a baby boy on September,She had asked for baby name suggestions via social media, though she eventually chose the name Macallister from an existing list. Mayer announced that she had given birth to identical twin girls on December 10, 2015, which she named them , Marielle and Sylvana.
She is Lutheran, but Mayer has said—referencing Vince Lombardi’s “Your God, your family and the Green Bay Packers”—that her priorities are “God, family and Yahoo!, except I’m not that religious, so it’s really family and Yahoo!.
Marissa Mayer House
Mayer and her husband were reportedly splashed out $35 million on a stunning mansion in a well-to-do San Francisco street refereed to as Billionaire’s row.
The family was reported as paying the highest amount ever for a single family residence in the city, which is one of the most expensive places in the country due to its links with the technology industry.Despite the records suggesting they bought the property, the couple have turned it dowon.
Before it was reported that the purchase was made back in April. Later, Radar Online identified the buyers as Meyer and her husband. When the sale initiallly was made it was reported that internet entrepreneur Trevor Traina and his wife Alexis had bought it.
According to Property records the house was acquired by Bellihouse, a corporate entity that is owned by Traina, who already lives just a block away, but property website Curbed revealed that Bellihouse was reportedly a front used to obscure the identity of the real buyers – Meyer and Brogue.Mayer responded through tweet that the report the Huffington Post, which had published the story, reading: ‘@zackbogue and I did not buy this house.’
regardless of all this secretive of the new owner, the house really is something to shout about. The 11,000 sq. ft. Tudor style mansion is located in the Pacific Heights area of the city and features picturesque views of the Bay Area from multiple angles.
It was originally built in 1922, and designed by famed architect Frederick H. Meyer, featuring real estate trademarks of the time such as hand-crafted mill work and hardwood floors, reports radaronline.
This mansion retains much of its original elegance and architectural grandeur with hardwood floors, leaded glass windows, heavy duty moldings, and hand crafted mill work. Built over four floors the house boasts four family bedrooms and another two for staff. It includes five fireplaces, two kitchens, an underground, four-car garage, at least five storage rooms, a 3,000 bottle wine cellar, and an elevator.
The main floor living and entertaining spaces include a marble floored reception hall, generously proportioned formal living and dining rooms, and a morning room for casual meals.
Marissa Mayer Yahoo|Leadership
Mayer was appointed president and CEO of Yahoo!On July 16, 2012 it was effective the following day. Mayer is also a member of the company’s board of directors. To simplify the bureaucratic process and “make the culture the best version of itself”, Mayer launched a new online program called PB&J. It collects employee complaints, as well as their votes on problems in the office; if a problem generates at least 50 votes, online management automatically investigates the matter. In February 2013, Mayer observed a major personnel policy change at Yahoo! that needed all remote-working employees to convert to in-office roles. Mayer worked from home toward the end of her pregnancy, she returned to work after giving birth to a boy, and built a mother’s room next to her office as suite as she was Mayer was consequently criticized for the telecommuting ban. Later, in the month of April 2013, Mayer changed Yahoo!’s maternity leave policy, lengthening its time allowance and providing a cash bonus to parents.The CNN noted this was in line with other Silicon Valley companies, such as Facebook and Google. She has been criticized for many of her management decisions in pieces by The New York Times and The New Yorker.
Mayer led Yahoo! to acquire Tumblr in a $1.1 billion acquisition on May 20, 2013. Later in the month of February 2016, Yahoo! realized that the value of Tumblr had gone down by $230 million since it was acquired. Yahoo announced a fall in revenues,but a rise in profits in July 2013, s compared with the same period in the previous year. Response on Wall Street was muted, with shares falling 1.7% though on September 2013, it was reported that the stock price of Yahoo! had doubled over the 14 months since Mayer’s appointment. Nonetheless, much of this growth may be attributed to Yahoo!’s stake in the Chinese e-commerce company Alibaba Group, which was acquired before Mayer’s tenure.
In November 2013, she established a performance review system based on a bell curve ranking of employees, suggesting that managers rank their employees on a bell curve, with those at the low end being fired. There was a complain from Employees that some managers were viewing the process as mandatory. In February 2016 one of a former Yahoo! employee filed a lawsuit against the company claiming that Yahoo’s firing practices have violated both California and federal labor laws.
In 2014, Mayer was ranked sixth on Fortune’s 40 under 40 list, and was ranked the 16th most-powerful businesswoman in the world that year according to the same publication. In March 2016 Fortune would name Mayer as one of the world’s most disappointing leaders. Yahoo! stocks continued to fall by more than 30% throughout 2015, while 12 key executives left the company.
In the month of December 2015, the New York-based hedge fund SpringOwl, a shareholder in Yahoo Inc., gave a statement which argued that Mayer be replaced as CEO. Starboard Value, an activist investing firm that owns a stake in Yahoo, also wrote a scathing letter regarding Mayer’s performance at Yahoo. On the month of January 2016, it was further estimated that Yahoo!’s core business has been worth less than zero dollars for the past few quarters. In February 2016, she confirmed that Yahoo! was considering the possibility of selling its core business. In March 2017, it was reported that Mayer could receive a $23 million termination package upon the sale of Yahoo! to Verizon.
She announced her resignation on June 13, 2017. Even after a large losses in advertising revenue at Yahoo! and a 50% reduction in staff during her 5 years as CEO, Mayer was paid a total of $239 million over that time, mainly in stock and stock options. On the day of her resignation, Mayer publicly highlighted many of the company’s achievements during her tenure, including: creating $43B in market capitalization, tripling Yahoo stock, growing mobile users to over 650 million, building a $1.5B mobile ad business, and transforming Yahoo’s culture.
In November, 8, 2017, together with several other present and former corporate CEOs; she testified before the United States Senate Committee on Commerce, Science, and Transportation regarding major security breaches at Yahoo during 2013 and 2014.
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