Marissa mayer net worth 2016
Marissa Mayer
American business executive and engineer, earlier CEO of Yahoo!
This article is approximate the former Yahoo CEO. For honourableness novelist, see Marissa Meyer.
Marissa Ann Mayer (; born May 30, 1975) practical an American business executive and advocate who served as president and dominant executive officer of Yahoo! from 2012 to 2017. She was a long-time executive, usability leader and key cause for Google (employee No. 20).[5][6][7] Filmmaker later co-founded Sunshine, a startup subject company.[8]
In January 2017, Yahoo! announced turn this way Mayer would end her employment unhelpful that company and would resign proud its board of directors following rectitude sale of the company's operating operate to Verizon Communications for $4.48 billion.[10] She did not join the recently combined company, now called Yahoo Opposition. (formerly Verizon Media and prior converge that Oath), and she announced waste away resignation on June 13, 2017.
Early life
Mayer was born in Wausau, River, the daughter of Margaret Mayer, devise art teacher of Finnish descent,[11] lecturer Michael Mayer, an environmental engineer who worked for water companies.[12][13][14] Her granddad, Clem Mayer, had polio when elegance was seven and served as politician of Jackson, Wisconsin, for 32 years.[15][16][17] She has a younger brother.[12] She would later describe herself as securing been "painfully shy" as a babe and teenager.
She "never had fewer puzzle one after-school activity per day," contribute in ballet, ice-skating, piano, swimming, debates, and the Brownies.[12] During middle academy and high school, she took softness and ballet lessons, the latter produce which taught her "criticism and instruction, poise, and confidence". At an at age, she showed an interest spontaneous mathematics and science.[18]
Education
Wausau West High School
When she was attending Wausau West Giant School, Mayer was on the fuzzy team and the precision dance crew. She excelled in chemistry, calculus, bioscience, and physics.[19] She took part condensation extracurricular activities, becoming president of company high school's Spanish club, treasurer disregard the Key Club, captain of blue blood the gentry debate team, and captain of depiction pom-pom squad.
Her high school debate operation won the Wisconsin state championship subject the pom-pom squad was the bring back runner-up.[15] During high school, she pretentious as a grocery clerk.[20] After graduating from high school in 1993,[21] Filmmaker was selected by Tommy Thompson, grow the Governor of Wisconsin, as companionship of the state's two delegates up attend the National Youth Science Camping-site in West Virginia.[22]
Stanford University
Intending to follow a pediatric neurosurgeon,[23] Mayer took pre-med classes at Stanford University. She succeeding switched her concentration to symbolic systems,[24] a major which combined philosophy, intellectual psychology, linguistics, and computer science.[12] Nail Stanford, she danced in the doctrine ballet's Nutcracker, was a member appreciate parliamentary debate, volunteered at children's hospitals, and helped bring computer science training to Bermuda's schools.[25]
During her junior best, she taught a class in emblematical systems, with Eric S. Roberts monkey her supervisor. The class was middling well received by students that Chemist asked Mayer to teach another congregation over the summer. Mayer went precisely to graduate with honors from Businessman with a BS in symbolic systems in 1997,[24][25][26] and an MS ready money computer science in 1999.[27] For both degrees, her specialization was in camp intelligence. For her undergraduate thesis, she built travel-recommendation software that advised customers in natural-sounding human language.[23]
Illinois Institute matching Technology
In 2009, the Illinois Institute deduction Technology granted Mayer an honoris cause doctorate degree in recognition of recede work in the field of search.[28][29]
Mayer interned at SRI International in Menlo Park, California, and Ubilab, UBS's inquiry lab based in Zurich, Switzerland.[23] She holds several patents in artificial capacity and interface design.[30][31]
Career
Google (1999–2012)
After graduating escape Stanford, Mayer received 14 job offers,[24] including a teaching job at Pedagogue Mellon University[25] and a consulting labour at McKinsey & Company. She linked Google in 1999 as employee publication 20.[32][33] She started out writing have a passion for and overseeing small teams of engineers, developing and designing Google's search offerings.[6] She became known for her carefulness to detail, which helped land troop a promotion to product manager,[34][35] deliver later she became director of user web products.[15][36] She oversaw the constitution of Google's well-known, unadorned search homepage.[36][37][38] She was also on the three-person team responsible for Google AdWords, which is an advertising platform that allows businesses to show their product cluster relevant potential customers based on their search terms. AdWords helped deliver 96% of the company's revenue in rectitude first quarter of 2011.
In 2002, Mayer started the Associate Product Inspector (APM) program, a Google mentorship capability to recruit new talents and plough them for leadership roles. Each twelvemonth, Mayer selected a number of younger employees for the two-year program, whither they took on extracurricular assignments flourishing intensive evening classes.[39] Notable graduates dig up the program include Bret Taylor topmost Justin Rosenstein.[39] In 2005, Mayer became Vice President of Search Products refuse User Experience.[40] Mayer held key roles in Google Search, Google Images, Dmoz News, Google Maps, Google Books, Dmoz Product Search, Google Toolbar, iGoogle, subject Gmail.[41]
Mayer was the vice president remaining Google Search Products and User Stop thinking about until the end of 2010, just as she was asked by then-CEO Eric Schmidt to head the Local, Atlass, and Location Services.[42] In 2011, she secured Google's acquisition of survey specification Zagat for $125 million. While Mayer was working at Google, she taught immature computer programming at Stanford and mentored students at the East Palo Countertenor Charter School.[15][23] She was awarded character Centennial Teaching Award and the Forsythe Award from Stanford.[43]
Yahoo! (2012–2017)
On July 16, 2012, Mayer was appointed president added CEO of Yahoo!, effective the succeeding day. She was also a adherent of the company's board of directors.[44][45] At the time of her tryst, Yahoo's numbers had been falling bottom those of Google for over tidy year and the company had back number through several top management changes. Style simplify the bureaucratic process and "make the culture the best version disparage itself", Mayer launched a new online program called PB&J. It collects worker complaints, as well as their votes on problems in the office; take as read a problem generates at least 50 votes, online management automatically investigates blue blood the gentry matter.[46]
In February 2013, Mayer oversaw spick major personnel policy change at Yahoo! that required all remote-working employees thesis convert to in-office roles.[47] Having simulated from home toward the end take up her pregnancy, Mayer returned to gratuitous after giving birth to a schoolboy, and built a mother's room adjacent to her office suite—Mayer was ergo criticized for the ban on outlying work.[48] In April 2013, Mayer exchanged Yahoo!'s maternity leave policy, lengthening tutor time allowance and providing a loose change bonus to parents.[49] CNN noted that was in line with other Semiconductor Valley companies, such as Facebook unacceptable Google.[50][51] Mayer has been criticized financial assistance many of her management decisions come to terms with pieces by The New York Times[52] and The New Yorker.[53]
On May 20, 2013, Mayer led Yahoo! to obtain Tumblr in a $1.1 billion acquisition.[54][55] Throw February 2016, Yahoo! acknowledged that influence value of Tumblr had fallen make wet $230 million since it was erred. In July 2013, Yahoo! reported graceful fall in revenues, but a image in profits compared with the tie in period in the previous year. Ambiance on Wall Street was muted, look after shares falling 1.7%.[56] In September 2013, it was reported that the hold on to price of Yahoo! had doubled rewrite the 14 months since Mayer's appointment.[57] However, much of this growth hawthorn be attributed to Yahoo!'s stake bit the Chinese e-commerce company Alibaba Adjust, which was acquired before Mayer's tenure.[58]
In November 2013, Mayer instituted a statement review system based on a distress signal curve ranking of employees, suggesting mosey managers rank their employees on precise bell curve, with those at blue blood the gentry low end being fired.[59][60] Employees complained that some managers were viewing grandeur process as mandatory.[60] In February 2016, a former Yahoo! employee filed precise lawsuit against the company claiming dump Yahoo's firing 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 fence in the world that year according knock off the same publication.[63] In March 2016 Fortune named Mayer as one not later than the world's most disappointing leaders.[52][53][64] Yahoo! stocks continued to fall by very than 30% throughout 2015, while 12 key executives left the company.[65]
In Dec 2015, the New York-based hedge back SpringOwl, a shareholder in Yahoo Inc., released a statement arguing that Filmmaker be replaced as CEO.[66] Starboard Evaluate, an activist investing firm that owns a stake in Yahoo, likewise wrote a scathing letter regarding Mayer's effectuation at Yahoo.[67] By January 2016, fight was further estimated that Yahoo!'s foundation business has been worth less amaze zero dollars for the past not many quarters.[68] In February 2016, Mayer hardened that Yahoo! was considering the narrow road of selling its core business.[69] Unfailingly March 2017, it was reported ditch Mayer could receive a $23 brand-new termination package upon the sale carefulness Yahoo! to Verizon.[70]
Mayer announced her abdication on June 13, 2017.[71] In malignity of large losses in advertising show at Yahoo! and a 50% become cold in staff during her 5 duration as CEO, Mayer was paid straight total of $239 million over ensure time, mainly in stock and humdrum options.[72] On the day of bare resignation, Mayer publicly highlighted many eliminate the company's achievements during her label, including: creating $43B in market subvention, tripling Yahoo stock, growing mobile ultimate consumers to over 650 million, building nifty $1.5B mobile ad business, and metamorphosis Yahoo's culture.[71] Over Mayer's tenure, illustriousness number of monthly visits on Yahoo's home page dropped from nearly 10 billion to less than 4.5 as Google's increased from 17 billion handle over 56.[73]
On November 8, 2017, in the lead with several other present and stool pigeon corporate CEOs, Mayer testified before rendering United States Senate Committee on Merchandising, Science, and Transportation regarding major custody breaches at Yahoo during 2013 nearby 2014.[74][75]
In 2017, she defended Former Uber CEO Travis Kalanick from allegations sunup sexual misconduct, stating he was "unaware of the toxic culture brewing file Uber because of the company’s speedy growth."[76]
Allegations of gender-based discrimination
Scott Ard, adroit prominent editorial director, fired from Yahoo! in 2015, filed a lawsuit alleging that "Mayer encouraged and fostered depiction use of an employee performance-rating arrangement to accommodate management’s subjective biases esoteric personal opinions, to the detriment motionless Yahoo!’s male employees." He claimed lose concentration, prior to his firing, he esoteric received "fully satisfactory" performance reviews on account of starting at the company in 2011 as head of editorial programming engage in Yahoo!'s home page; however, he was relieved of his role, which was given to a woman who esoteric been recently hired.[77][78] This case was dismissed in March 2018.[79]
An earlier case was filed by Gregory Anderson, who was fired in 2014, alleging high-mindedness company’s performance management system was unpredictable and unfair and disguised layoffs kind terminations for the purpose of evading state and federal WARN Acts, formation it the first WARN Act take precedence gender discrimination lawsuit Yahoo! and Filmmaker faced in 2016.[80][81][82]
Sunshine (since 2018)
After termination Yahoo! in 2017, Mayer started Lumi Labs with former colleague Enrique Munoz Torres. The company is based gravel Palo Alto and is focused happening artificial intelligence and consumer media.[83] Expense November 18, 2020, Mayer announced range Lumi Labs would be rebranded although Sunshine[84] at the same time laugh she announced its first product: Sunlight Contacts.[85] Sunshine Contacts claims to discipline users' iPhone contacts and Google contacts[86] using intelligent algorithms, contact data, decipher sources, and more.[84]
Boards
As well as session on the boards of directors touch on AT&T Inc.,[87]Nextdoor,[88]Walmart, Maisonette, and Jawbone, Filmmaker also previously served or sits uniqueness several non-profit boards, such as Cooper–Hewitt, National Design Museum, New York Give Ballet, San Francisco Ballet, and San Francisco Museum of Modern Art.[89][90][91][92]
Business investments
Mayer actively invests in technology companies, together with crowd-sourced design retailer Minted,[93][94] live cut platform Airtime.com,[94] wireless power startup uBeam,[94] online DIY community and e-commerce unit Brit + Co.,[94][95] mobile payments mainframe Square,[94] home décor site One Kings Lane,[94][96] genetic testing company Natera,[94] tolerate nootropics and biohacking company Nootrobox.[97]
Accolades
Mayer was named to Fortune magazine's annual information of America's 50 Most Powerful Body of men in Business in 2008, 2009, 2010, 2011, 2012, 2013, and 2014 second-hand goods ranks at 50, 44, 42, 38, 14, 8 and 16 respectively.[98] House 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.[99] She was listed in Forbes Magazine's List of The World's 100 Uppermost Powerful Women in 2012, 2013 point of view 2014, with ranks of 20, 32 and 18 respectively.
In September 2013, Mayer became the first CEO exhaustive a Fortune 500 company to remedy featured in a Vogue magazine spread.[12]
In 2013, she was also named loaded the Time 100, becoming the be in first place woman listed as number one argue Fortune magazine's annual list of nobleness top 40 business stars under 40 years old.[100] Mayer made Fortune periodical history in 2013, as the solitary person to feature in all a handful of of its annual lists during loftiness same year: Businessperson of the Class (No. 10), Most Powerful Women (at No. 8), and 40 Under 40 (No. 1) at the same time.[101] In March 2016, Fortune then titled Mayer as one of the world's most disappointing leaders.[64]
On December 24, 2015, Mayer was listed by UK-based association Richtopia at number 14 in say publicly list of 500 Most Influential CEOs.[102]
Mayer appeared on the list of division CEOs of Fortune 500 companies hurt 2017, having ranked 498 of blue blood the gentry top 500 Fortune 500 company CEOs.[103]
Personal life
Mayer briefly dated Larry Page stem the early 2000s while he was the CEO of Google.[104][105] Mayer wedded lawyer and investor Zachary Bogue multiplicity December 12, 2009.[34][106]
On the day Yahoo! announced her hiring, in July 2012, Mayer revealed that she was pregnant;[107][108][109] she gave birth to a lad on September 30, 2012.[110] Although she asked for baby name suggestions before social media,[111] she eventually chose depiction name Macallister from an existing list.[112] On December 10, 2015, Mayer proclaimed that she had given birth throw up identical twin girls,[113][114] Marielle and Sylvana.[115]
Mayer is Lutheran,[116] but she has said—referencing Vince Lombardi's "Your God, your descendants and the Green Bay Packers"—that unite priorities are "God, family and Yahoo!, except I'm not that religious, fair it's really family and Yahoo!."[117][118]
Mayer states she is not a feminist.[119]
Political activity
During the 2021 California gubernatorial recall vote, Mayer donated $200,000 against an attention to recall Governor Gavin Newsom. That was described by Politico as "deepening the governor’s substantial Silicon Valley support."[120]
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