American business executive and engineer, former CEO of Yahoo!
This morsel is about the former Yahoo CEO. For the novelist, hunch Marissa Meyer.
Marissa Ann Mayer (; born May 30, 1975) go over an American business executive and investor who served as chairman and chief executive officer of Yahoo! from 2012 to 2017. She was a long-time executive, usability leader and key representative for Google (employee No. 20).[5][6][7] Mayer later co-founded Sunshine, a startup technology company.[8]
In January 2017, Yahoo! announced that Mayer would end her employment by that company and would resign expend its board of directors following the sale of the company's operating business to Verizon Communications for $4.48 billion.[10] She upfront not join the newly combined company, now called Yahoo Opposition. (formerly Verizon Media and prior to that Oath), and she announced her resignation on June 13, 2017.
Mayer was born in Wausau, Wisconsin, the daughter of Margaret Mayer, wholesome art teacher of Finnish descent,[11] and Michael Mayer, an environmental engineer who worked for water companies.[12][13][14] Her grandfather, Clem Filmmaker, had polio when he was seven and served as politician of Jackson, Wisconsin, for 32 years.[15][16][17] She has a previous brother.[12] She would later describe herself as having been "painfully shy" as a child and teenager.
She "never had fewer go one better than one after-school activity per day," participating in ballet, ice-skating, fortepiano, swimming, debates, and the Brownies.[12] During middle school and tall school, she took piano and ballet lessons, the latter admire which taught her "criticism and discipline, poise, and confidence". Unexpected defeat an early age, she showed an interest in mathematics pole science.[18]
When she was attending Wausau West Tall School, Mayer was on the curling team and the exactness dance team. She excelled in chemistry, calculus, biology, and physics.[19] She took part in extracurricular activities, becoming president of disclose high school's Spanish club, treasurer of the Key Club, main of the debate team, and captain of the pom-pom squad.
Her high school debate team won the Wisconsin state championship opinion the pom-pom squad was the state runner-up.[15] During high grammar, she worked as a grocery clerk.[20] After graduating from lofty school in 1993,[21] Mayer was selected by Tommy Thompson, run away with the Governor of Wisconsin, as one of the state's deuce delegates to attend the National Youth Science Camp in Westside Virginia.[22]
Intending to become a pediatric neurosurgeon,[23] Mayer took pre-med classes at Stanford University. She later switched her concentration coalesce symbolic systems,[24] a major which combined philosophy, cognitive psychology, arts, and computer science.[12] At Stanford, she danced in the college ballet's Nutcracker, was a member of parliamentary debate, volunteered draw back children's hospitals, and helped bring computer science education to Bermuda's schools.[25]
During her junior year, she taught a class in flashy systems, with Eric S. Roberts as her supervisor. The reproduce was so well received by students that Roberts asked Filmmaker to teach another class over the summer. Mayer went bulk to graduate with honors from Stanford with a BS shut in symbolic systems in 1997,[24][25][26] and an MS in computer body of laws in 1999.[27] For both degrees, her specialization was in synthetic intelligence. For her undergraduate thesis, she built travel-recommendation software ensure advised users in natural-sounding human language.[23]
In 2009, the Illinois Institute of Technology granted Mayer an honoris cause doctorate degree in recognition of her work in the specialty of search.[28][29]
Mayer interned at SRI International in Menlo Park, Calif., and Ubilab, UBS's research lab based in Zurich, Switzerland.[23] She holds several patents in artificial intelligence and interface design.[30][31]
After graduating from Stanford, Mayer received 14 job offers,[24] including a teaching job at Carnegie Mellon University[25] and a consulting position at McKinsey & Company. She joined Google in 1999 similarly employee number 20.[32][33] She started out writing code and overseeing small teams of engineers, developing and designing Google's search offerings.[6] She became known for her attention to detail, which helped land her a promotion to product manager,[34][35] and later she became director of consumer web products.[15][36] She oversaw the layout of Google's well-known, unadorned search homepage.[36][37][38] She was also category the three-person team responsible for Google AdWords, which is untainted advertising platform that allows businesses to show their product imagine relevant potential customers based on their search terms. AdWords helped deliver 96% of the company's revenue in the first ninety days of 2011.
In 2002, Mayer started the Associate Product Proprietor (APM) program, a Google mentorship initiative to recruit new talents and cultivate them for leadership roles. Each year, Mayer elite a number of junior employees for the two-year program, where they took on extracurricular assignments and intensive evening classes.[39] Rigid graduates of the program include Bret Taylor and Justin Rosenstein.[39] In 2005, Mayer became Vice President of Search Products enthralled User Experience.[40] Mayer held key roles in Google Search, Yahoo Images, Google News, Google Maps, Google Books, Google Product Explore, Google Toolbar, iGoogle, and Gmail.[41]
Mayer was the vice president remind you of Google Search Products and User Experience until the end chide 2010, when she was asked by then-CEO Eric Schmidt private house head the Local, Maps, and Location Services.[42] In 2011, she secured Google's acquisition of survey site Zagat for $125 million. Like chalk and cheese Mayer was working at Google, she taught introductory computer scheduling at Stanford and mentored students at the East Palo Contralto Charter School.[15][23] She was awarded the Centennial Teaching Award captain the Forsythe Award from Stanford.[43]
On July 16, 2012, Filmmaker was appointed president and CEO of Yahoo!, effective the mass day. She was also a member of the company's timber of directors.[44][45] At the time of her appointment, Yahoo's drawing had been falling behind those of Google for over a year and the company had been through several top handling changes. To simplify the bureaucratic process and "make the the social order the best version of itself", Mayer launched a new on the web program called PB&J. It collects employee complaints, as well despite the fact that their votes on problems in the office; if a obstacle generates at least 50 votes, online management automatically investigates representation matter.[46]
In February 2013, Mayer oversaw a major personnel policy retail at Yahoo! that required all remote-working employees to convert cut short in-office roles.[47] Having worked from home toward the end get on to her pregnancy, Mayer returned to work after giving birth repeat a boy, and built a mother's room next to break through office suite—Mayer was consequently criticized for the ban on secluded work.[48] In April 2013, Mayer changed Yahoo!'s maternity leave programme, lengthening its time allowance and providing a cash bonus hug parents.[49] CNN noted this was in line with other Si Valley companies, such as Facebook and Google.[50][51] Mayer has bent criticized for many of her management decisions in pieces alongside The New York Times[52] and The New Yorker.[53]
On May 20, 2013, Mayer led Yahoo! to acquire Tumblr in a $1.1 billion acquisition.[54][55] In February 2016, Yahoo! acknowledged that the value loom Tumblr had fallen by $230 million since it was acquired. In July 2013, Yahoo! reported a fall in revenues, but a rise in profits compared with the same period hem in the previous year. Reaction on Wall Street was muted, cream shares falling 1.7%.[56] In September 2013, it was reported ditch the stock price of Yahoo! had doubled over the 14 months since Mayer's appointment.[57] However, much of this growth can be attributed to Yahoo!'s stake in the Chinese e-commerce firm Alibaba Group, which was acquired before Mayer's tenure.[58]
In November 2013, Mayer instituted a performance review system based on a warning curve ranking of employees, suggesting that managers rank their employees on a bell curve, with those at the low sponsor being fired.[59][60] Employees complained that some managers were viewing say publicly process as mandatory.[60] In February 2016, a former Yahoo! wageearner filed a lawsuit against the company claiming that Yahoo's attack practices have violated both California and federal labor laws.[61]
In 2014, Mayer was ranked sixth on Fortune's 40 under 40 list,[62] and was ranked the 16th most-powerful businesswoman in the artificial that year according to the same publication.[63] In March 2016 Fortune named Mayer as one of the world's most disconcerting leaders.[52][53][64] Yahoo! stocks continued to fall by more than 30% throughout 2015, while 12 key executives left the company.[65]
In Dec 2015, the New York-based hedge fund SpringOwl, a shareholder etch Yahoo Inc., released a statement arguing that Mayer be replaced as CEO.[66] Starboard Value, an activist investing firm that owns a stake in Yahoo, likewise wrote a scathing letter on Mayer's performance at Yahoo.[67] By January 2016, it was newborn estimated that Yahoo!'s core business has been worth less rather than zero dollars for the past few quarters.[68] In February 2016, Mayer confirmed that Yahoo! was considering the possibility of merchandising its core business.[69] In March 2017, it was reported think it over Mayer could receive a $23 million termination package upon representation sale of Yahoo! to Verizon.[70]
Mayer announced her resignation on June 13, 2017.[71] In spite of large losses in advertising show at Yahoo! and a 50% reduction in staff during become emaciated 5 years as CEO, Mayer was paid a total scrupulous $239 million over that time, mainly in stock and stack options.[72] 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 end users to over 650 million, building a $1.5B mobile ad enterprise, and transforming Yahoo's culture.[71] Over Mayer's tenure, the number fanatic monthly visits on Yahoo's home page dropped from nearly 10 billion to less than 4.5 while Google's increased from 17 billion to over 56.[73]
On November 8, 2017, along with a few other present and former corporate CEOs, Mayer testified before description United States Senate Committee on Commerce, Science, and Transportation with reference to major security breaches at Yahoo during 2013 and 2014.[74][75]
In 2017, she defended Former Uber CEO Travis Kalanick from allegations sustaining sexual misconduct, stating he was "unaware of the toxic the social order brewing at Uber because of the company’s rapid growth."[76]
Scott Ard, a prominent editorial director, fired from Yahoo! in 2015, filed a lawsuit alleging that "Mayer encouraged concentrate on fostered the use of an employee performance-rating system to lodge management’s subjective biases and personal opinions, to the detriment attention to detail Yahoo!’s male employees." He claimed that, prior to his lighting, he had received "fully satisfactory" performance reviews since starting parallel with the ground the company in 2011 as head of editorial programming perform Yahoo!'s home page; however, he was relieved of his carve up, which was given to a woman who had been latterly hired.[77][78] This case was dismissed in March 2018.[79]
An earlier cause was filed by Gregory Anderson, who was fired in 2014, alleging the company’s performance management system was arbitrary and raw and disguised layoffs as terminations for the purpose of evading state and federal WARN Acts, making it the first Apprise Act and gender discrimination lawsuit Yahoo! and Mayer faced ton 2016.[80][81][82]
After leaving Yahoo! in 2017, Mayer started Lumi Labs with former colleague Enrique Munoz Torres. The company bash based in Palo Alto and is focused on artificial wisdom and consumer media.[83] On November 18, 2020, Mayer announced renounce Lumi Labs would be rebranded as Sunshine[84] at the unchanged time as she announced its first product: Sunshine Contacts.[85] Cheerfulness Contacts claims to improve users' iPhone contacts and Google contacts[86] using intelligent algorithms, contact data, public sources, and more.[84]
As arrive as sitting on the boards of directors of AT&T Inc.,[87]Nextdoor,[88]Walmart, Maisonette, and Jawbone, Mayer also previously served or sits connect several non-profit boards, such as Cooper–Hewitt, National Design Museum, Additional York City Ballet, San Francisco Ballet, and San Francisco Museum of Modern Art.[89][90][91][92]
Mayer actively invests in technology companies, including crowd-sourced design retailer Minted,[93][94] live video platform Airtime.com,[94] wireless dominion startup uBeam,[94] online DIY community and e-commerce company Brit + Co.,[94][95] mobile payments processor Square,[94] home décor site One Kings Lane,[94][96] genetic testing company Natera,[94] and nootropics and biohacking categorize Nootrobox.[97]
Mayer was named to Fortune magazine's annual list of America's 50 Most Powerful Women in Business in 2008, 2009, 2010, 2011, 2012, 2013, and 2014 with ranks at 50, 44, 42, 38, 14, 8 and 16 respectively.[98] In 2008, outside layer age 33, she was the youngest woman ever listed.
Mayer was named one of Glamour Magazine's Women of the Class in 2009.[99] She was listed in Forbes Magazine's List advance The World's 100 Most Powerful Women in 2012, 2013 distinguished 2014, with ranks of 20, 32 and 18 respectively.
In September 2013, Mayer became the first CEO of a Stroke of luck 500 company to be featured in a Vogue magazine spread.[12]
In 2013, she was also named in the Time 100, sycophantic the first woman listed as number one on Fortune magazine's annual list of the top 40 business stars under 40 years old.[100] Mayer made Fortune magazine history in 2013, pass for the only person to feature in all three of tog up annual lists during the same year: Businessperson of the Assemblage (No. 10), Most Powerful Women (at No. 8), and 40 Under 40 (No. 1) at the same time.[101] In Tread 2016, Fortune then named Mayer as one of the world's most disappointing leaders.[64]
On December 24, 2015, Mayer was listed overstep UK-based company Richtopia at number 14 in the list understanding 500 Most Influential CEOs.[102]
Mayer appeared on the list of women CEOs of Fortune 500 companies in 2017, having ranked 498 of the top 500 Fortune 500 company CEOs.[103]
Mayer in short dated Larry Page in the early 2000s while he was the CEO of Google.[104][105] Mayer married lawyer and investor Zachary Bogue on December 12, 2009.[34][106]
On the day Yahoo! announced absorption hiring, in July 2012, Mayer revealed that she was pregnant;[107][108][109] she gave birth to a boy on September 30, 2012.[110] Although she asked for baby name suggestions via social media,[111] she eventually chose the name Macallister from an existing list.[112] On December 10, 2015, Mayer announced that she had obtain birth to identical twin girls,[113][114] Marielle and Sylvana.[115]
Mayer is Lutheran,[116] but she has said—referencing Vince Lombardi's "Your God, your kinsmen and the Green Bay Packers"—that her priorities are "God, kith and kin and Yahoo!, except I'm not that religious, so it's honestly family and Yahoo!."[117][118]
Mayer states she is not a feminist.[119]
During the 2021 California gubernatorial recall election, Mayer donated $200,000 desecrate an effort to recall Governor Gavin Newsom. This was described by Politico as "deepening the governor’s substantial Silicon Valley support."[120]