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Print 45 comment(s) - last by christojojo.. on Aug 20 at 2:11 PM

Google's loss is Yahoo's gain

In what seems like an ever-revolving door of new CEOs, Yahoo appears to have landed a winner with its latest chief executive. Yahoo today announced that it snagged a high-profile executive from Google: 37-year-old Marissa Mayer. Mayer was one of the first females hired at Google way back in 1999 (she was the 20th employee hired), and rose to the position of Vice President of Local, Maps and Location Services.
 
As President and CEO of Yahoo, Mayer will be in charge of reviving/expanding the site's many properties including Yahoo! Finance, Yahoo! Sports, Yahoo! Mail, and Yahoo! Search.
 
"I am honored and delighted to lead Yahoo!, one of the internet's premier destinations for more than 700 million users," said Mayer. "I look forward to working with the Company's dedicated employees to bring innovative products, content, and personalized experiences to users and advertisers all around the world."

According to a report from the New York Times, Mayer resigned this afternoon from Google via telephone. Her first day at Yahoo begins tomorrow.


Marissa Mayer was one of Google's first employees, and the first female engineer. She served the company for 13 years. [Image source: Newsweek]
  
Yahoo's last CEO, Scott Thompson, stepped down in May after controversy surrounding his college degree were brought to light. Yahoo is quick to point out that Mayer has a B.S. in Symbolic Systems and a M.S. in Computer Science from Stanford University.

Sources: Yahoo, New York Times



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RE: Wow
By bah12 on 7/17/2012 10:23:17 AM , Rating: 1
quote:
If you or I did that the company we are with would have our hide.
How exactly would they "have your hide"? There is nothing they can do about it, and being the 20th employee I'd assume she has some healthy stock options. Fact is there isn't dick they can do.


RE: Wow
By theapparition on 7/17/2012 10:49:36 AM , Rating: 2
Not quite.

While most states have "right to work" laws, meaning that you can resign at any point without notice (or that the company can terminate you at any time), I'd bet there is a non-compete contract in there somewhere.

I highly doubt a company like Google doesn't have their executives under a non-compete and intellectual property agreements. Extra contracts like that are legal and enforceable.


RE: Wow
By bah12 on 7/17/2012 3:54:10 PM , Rating: 2
They are, and if she was on one for sure they would implement it. Outside of that though they don't have any recourse. My bet is she wasn't on one, as companies with only 20 employees rarely think they are going to hit it big and need a no compete.


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