Tuesday, July 26, 2016

Expect Drawn-Out Goodbye For Marissa Mayer

Marissa Mayer
It will be a long, drawn-out walk to the exit for Yahoo Chief Executive Marissa Mayer, sources said — despite her talk on Monday that she was”planning to stay” at the Web portal.

The NY Post is reporting the 41-year-old digital diva made the comment in a blog post hours after she engineered the sale of the beleaguered company to Verizon for $4.83 billion.

Indeed, Mayer — whose four-year tenure atop Yahoo has been blasted by critics as a failure — is now expected to remain chief executive just until early 2017, when the mega-merger is expected to close.

“It’s important to me to see Yahoo into its next chapter,” Mayer said in an eMail Monday to employees.

Nevertheless, don’t expect Mayer to be chilling in the cozy corner office past her expiration date, insiders said.

That’s because AOL boss Tim Armstrong — who sold AOL to Verizon last year for $4.4 billion before engineering Verizon’s latest deal for Yahoo — has his own ideas for Yahoo, sources said.

“All the talk about Tim and her being good friends, that’s total bulls—t,” one insider told The Post.

Plus, Mayer is in line to pocket $54.9 million if she leaves upon the change in control.

True, Armstrong and Mayer worked together for a decade at Google, and the two have long been cordial, despite Mayer spurning Armstrong’s proposal of a Yahoo-AOL merger in 2014.

But Mayer is “basically an egghead engineer who screwed up these consumer brands,” one former Yahoo exec said.

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