Quantcast

Our website use cookies to improve and personalize your experience and to display advertisements(if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, Youtube. By using the website, you consent to the use of cookies. We have updated our Privacy Policy. Please click on the button to check our Privacy Policy.

Your information is NEVER sold to a third party. 

Marissa Mayer is in deep shit

Advertisements
Share On Social Media
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

After less than stellar stock prices, it appears Marissa Mayer may soon be on her way out as the ferocious leader of Yahoo. According to people briefed on the matter, Mayer is “under intense scrutiny” this week following not so pleasant stock prices; a less than formidable marketing strategy, and an angry set of board members.

Reports indicate that Mayer’s problems began after Yahoo’s Board of Directors reportedly rejected her upcoming plan to spin off the company’s 15% stake in Chinese e-commerce giant Alibaba. The company, would have purportedly been called Aabaco, however, it doesn’t appear such will be happening.

Some of the trouble could be paid to the fact that the hedge fund in which manages most of Yahoo’s Board  didn’t quite take to well to the IRS not reaffirming that the Alibaba spin-off would indeed be tax free — something that would have cost them upwards of $10bn in taxes and beyond.


Share On Social Media
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
See also  Listen to T-Pain 's latest joint now
By SHK

Sultan H. Khane II is the Editor-in-Chief of Bazaar Daily News and its 5 sister properties.

Leave a Reply

Related Posts

No widgets found. Go to Widget page and add the widget in Offcanvas Sidebar Widget Area.
Cookie Consent with Real Cookie Banner Skip to content