Business investments edit mayer actively invests in technology companies, including crowd-sourced design retailer Minted, 87 88 live video platform m, 88 wireless power startup ubeam, 88 online diy community/e-commerce company Brit., 88 89 mobile payments processor Square, 88 home décor site One kings Lane. 91 Accolades edit 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. 92 In 2008, at age 33, she was the youngest woman ever listed. Mayer was named one of Glamour Magazine 's Women of the year in 2009. 93 She was listed in Forbes Magazine's List of The world's 100 Most Powerful Women in 2012, 20, with ranks of 20, 32 and 18 respectively. In September 2013, mayer became the first ceo of a fortune 500 company to be featured in a vogue magazine spread. 15 In 2013, she was also named in the time 100, becoming the first woman listed as number one on Fortune magazine's annual list of the top 40 business stars under 40 years old.
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73 In spite of 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. 74 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.5B mobile ad business, and transforming Yahoo's culture. 73 On 8 november 2017, along with several other present and former corporate ceos; mayer testified before the United explain States Senate committee on Commerce, science, and Transportation regarding major security breaches at Yahoo during 2075 76 Allegations gender-based discrimination edit Scott Ard, a prominent editorial. In 2015, filed a lawsuit alleging that mayer encouraged and fostered the use of (an employee performance-rating system) to accommodate managements subjective biases and personal opinions, to the detriment of Yahoo! S male employees." he claimed that, prior to his firing, he had received "fully satisfactory" performance reviews since starting at the company in 2011 as head of editorial programming for Yahoo!'s home page; however, he was relieved of his role, which was given. 77 78 An earlier lawsuit was filed by Gregory Anderson, who was fired in 2014, alleging the companys performance management system was arbitrary and unfair and disguised layoffs as terminations for the purpose of evading state and federal warn acts, making it the first warn. And mayer faced in 2016. Lumi labs edit After leaving her position at Yahoo in 2017, mayer has started her new project, lumi labs with an old colleague enrique munoz torres. The company is based in Palo Alto and will be focusing on artificial intelligence and consumer media. 82 As well as sitting on the boards of directors of Walmart and Jawbone, mayer also sits on several non-profit boards, such as cooperHewitt, national Design Museum, new York city ballet, san Francisco ballet, and San Francisco museum of Modern Art.
67 In December 2015, the new York-based hedge fund SpringOwl, a shareholder in Yahoo inc., released a statement arguing that mayer be replaced as ceo. 68 Starboard Value, an activist investing firm that owns a stake in Yahoo, likewise wrote a scathing letter regarding mayer's performance at Yahoo. 69 by january 2016, it was further estimated hibernation that Yahoo!'s core business has been worth less than zero dollars for the past few quarters. 70 In February 2016, mayer confirmed that Yahoo! Was considering the possibility of selling its core business. 71 In March 2017, it was reported that mayer could receive a 23 million termination package upon the sale of Yahoo! 72 mayer announced her resignation on June 13, 2017.
Had doubled over the 14 months since mayer's appointment. 59 However, 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. 60 mayer delivering a conference keynote In november 2013, mayer instituted 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. 61 62 Employees complained that some managers were viewing the process as mandatory. 62 In February 2016, a former Yahoo! Employee filed a lawsuit against life the company claiming that Yahoo's firing practices have violated both California and federal labor laws. 63 In 2014, mayer was ranked sixth on Fortune 's 40 under 40 list, 64 and was ranked the 16th most-powerful businesswoman in the world that year according to the same publication. 65 In March 2016 Fortune would name mayer as one of the world's most disappointing leaders. Stocks continued to fall by more than 30 throughout 2015, while 12 key executives left the company.
54 55 On may 20, 2013, mayer led Yahoo! To acquire tumblr in.1 billion acquisition. 56 57 In February 2016, yahoo! Acknowledged that the value of 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 in the previous year. Reaction on Wall Street was muted, with shares falling.7. 58 In September 2013, it was reported that the stock price of Yahoo!
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18 27 She was awarded the centennial teaching Award and the forsythe Award from Stanford. Edit On July 16, 2012, mayer was appointed president and ceo of Yahoo!, effective the following day. She is also a member of the company's board of directors. 46 47 to simplify the bureaucratic process and "make the culture the best version of itself mayer launched a new online program called. 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. 48 In February 2013, mayer oversaw a major personnel policy change at Yahoo!
That required all remote-working employees to convert to in-office roles. 49 having worked from home toward the end of her pregnancy, mayer returned to work after giving birth to a boy, and built a mother's room next to her office suite—mayer was consequently criticized for the telecommuting ban. 50 In April 2013, mayer changed Yahoo!'s maternity leave policy, lengthening its time allowance and providing a cash bonus to parents. 51 cnn noted this was in line with other Silicon Valley companies, spongebob such as Facebook and google. 52 53 mayer has been criticized for many of her management decisions in pieces by The new York times and The new Yorker.
12 She became known for her attention to detail, which helped land her a promotion to product manager, 37 and later she became director of consumer web products. 18 38 She oversaw the layout of google's well-known, unadorned search homepage. She was also on the three-person team responsible for google AdWords, which is an advertising platform that allows businesses to show their product to relevant potential customers based on their search terms. AdWords helped deliver 96 of the company's revenue in the first quarter of 2011. Marissa mayer at an interview while working for google In 2002, mayer started the Associate Product Manager (APM) program, a google mentorship initiative to recruit new talents and cultivate them for leadership roles.
Each year, mayer selected a number of junior employees for the two-year program, where they took on extracurricular assignments and intensive evening classes. 21 41 Notable graduates of the program include Bret taylor and Justin Rosenstein. 41 In 2005, mayer became vice President of search Products and User Experience. 42 mayer held key roles in google search, google Images, google news, google maps, google books, google Product search, google toolbar, igoogle, and Gmail. 43 mayer was the vice president of google search Products and User Experience until the end of 2010, when she was asked by then-ceo eric Schmidt to head the local, maps, and Location Services. 44 In 2011, she secured google's acquisition of survey site zagat for 125 million. While mayer was working at google, she taught introductory computer programming at Stanford and mentored students at the east Palo Alto Charter School.
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30 For essay both degrees, her specialization was in artificial intelligence. For her undergraduate thesis, she built travel-recommendation software that advised users bill in natural-sounding human language. 27 In 2009, the Illinois Institute of Technology granted mayer an honoris causa doctorate degree in recognition of her work in the field of search. 31 32 mayer interned at sri international in Menlo park, california, and Ubilab, ubs 's research lab based in Zurich, switzerland. 27 She holds several patents in artificial intelligence and interface design. 33 34 google edit marissa mayer speaking at the google "Search On" event in 2010 After graduating from Stanford, mayer received 14 job offers, 28 including a teaching job at Carnegie mellon University 29 and a consulting job at McKinsey company. 21 She joined google in 1999 as employee number. 35 36 She started out writing code and overseeing small teams of engineers, developing and designing google's search offerings.
26 Intending to become a pediatric neurosurgeon, 27 mayer took pre-med classes at Stanford University. 21 She later switched her major from pediatric neuroscience to symbolic systems, 28 a major which combined philosophy, cognitive psychology, linguistics, and computer science. 15 At Stanford, she danced in for the university ballet's Nutcracker, was a member of parliamentary debate, volunteered at children's hospitals, and helped bring computer science education to bermuda's schools. 29 During her junior year, she taught a class in symbolic systems, with Eric. Roberts as her supervisor. The class was so well received by students that Roberts asked mayer to teach another class over the summer. 21 mayer went on to graduate with honors from Stanford with a bs in symbolic systems in and an ms in computer science in 1999.
and high school, she took piano and ballet lessons, the latter of which taught her "criticism and discipline, poise, and confidence". 21 At an early age, she showed an interest in math and science. 22 When she was attending wausau west High School, mayer was on the curling team and the precision dance team. 21 She excelled in chemistry, calculus, biology, and physics. 23 She took part in extracurricular activities, becoming president of her high school's Spanish club, treasurer of the key club, captain of the debate team, and captain of the pom-pom squad. 21 Her high school debate team won the wisconsin state championship and the pom-pom squad was the state runner-up. 18 During high school, she worked as a grocery clerk. 24 After graduating from high school in 1993, 25 mayer was selected by tommy Thompson, then the governor of Wisconsin, as one of the state's two delegates to attend the national youth Science camp in West Virginia.
9 10, she is a graduate of, stanford. University mother and was a long-time executive, usability leader, and key spokeswoman for. 11 12 13, contents, early life and education edit, mayer was born in, wausau, wisconsin, the daughter of Margaret mayer, an art teacher. Finnish descent, 14 and Michael mayer, an environmental engineer who worked for water companies. 15 16 17, her grandfather, Clem mayer, had polio when he was 7 and served as mayor. Jackson, wisconsin, for 32 years. She has a younger brother.
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This article is about the former Yahoo ceo. For the novelist, see. Marissa Ann mayer ( /maɪ.ər/ ; born may 30, 1975) 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 announced in January 2017 that she would step down from the company's board upon the sale of Yahoo!'s operating business. Verizon Communications 8 for.8 billion. 9, she would not join the newly combined company, now called ". Oath and announced her report resignation on June 13, 2017.