Marissa Mayer

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Marissa Mayer
Marissa Mayer, World Economic Forum 2013 III.jpg
Marissa Mayer, 2013
BornMarissa Ann Mayer
(1975-05-30) May 30, 1975 (age 38)
Wausau, Wisconsin, United States
ResidenceSan Francisco and Palo Alto, California, United States
NationalityAmerican
Alma materStanford University (B.S. & M.S.)
OccupationPresident & CEO, Yahoo![1]
Computer programming instructor, Stanford University
EmployerYahoo!
Salary$117 million over 5 years;[2] $36.6 million for first six months.[3]
Net worthIncrease $300M USD[4]
Board member of
Cooper–Hewitt, National Design Museum
New York City Ballet
Jawbone[citation needed]
San Francisco Ballet
San Francisco Museum of Modern Art
Walmart[5]
ReligionLutheran[6]
Spouse(s)Zachary Bogue (2009–present)[7]
Children1
 
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Marissa Mayer
Marissa Mayer, World Economic Forum 2013 III.jpg
Marissa Mayer, 2013
BornMarissa Ann Mayer
(1975-05-30) May 30, 1975 (age 38)
Wausau, Wisconsin, United States
ResidenceSan Francisco and Palo Alto, California, United States
NationalityAmerican
Alma materStanford University (B.S. & M.S.)
OccupationPresident & CEO, Yahoo![1]
Computer programming instructor, Stanford University
EmployerYahoo!
Salary$117 million over 5 years;[2] $36.6 million for first six months.[3]
Net worthIncrease $300M USD[4]
Board member of
Cooper–Hewitt, National Design Museum
New York City Ballet
Jawbone[citation needed]
San Francisco Ballet
San Francisco Museum of Modern Art
Walmart[5]
ReligionLutheran[6]
Spouse(s)Zachary Bogue (2009–present)[7]
Children1

Marissa Ann Mayer (pronounced /ˈmər/;[8] born May 30, 1975) has been President and CEO of Yahoo! since July 2012. Previously, she was a long-time executive and key spokesperson for Google.[9][10][11] Mayer was ranked eighth on the list of America's most powerful businesswomen of 2013 by Fortune magazine.[12]

Early life and education[edit]

Mayer was born in Wausau, Wisconsin, the daughter of Margaret Mayer, an art teacher of Finnish descent,[13] and Michael Mayer, an environmental engineer who worked for water companies.[14][15][16] After her 1993 graduation from Wausau West High School,[17] 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.[18]

Mayer graduated with honors from Stanford University with a B.S. in symbolic systems and an M.S. in computer science. For both degrees, her specialization was in artificial intelligence. In 2009, the Illinois Institute of Technology granted Mayer an honoris causa doctorate degree in recognition of her work in the field of search.[19][20]

Mayer interned at SRI International in Menlo Park, California, and Ubilab, UBS's research lab based in Zurich, Switzerland.[21][22]

Career[edit]

Google[edit]

Mayer joined Google in 1999 as employee number 20 and was the company's first female engineer.[23][24] During her 13 years with the company, she was an engineer, designer, product manager and executive. Mayer held key roles in Google Search, Google Images, Google News, Google Maps, Google Books, Google Product Search, Google Toolbar, iGoogle, and Gmail. She also oversaw the layout of Google's well-known, unadorned search homepage.[25][26] In her final years with Google, she was Vice President of Local, Maps, and Location Services and, before that, vice president of search products and user experience.[27]

Yahoo![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.[28][29]

In 2013, Mayer ranked 32 in the Forbes Magazine's List of The World's 100 Most Powerful Women.[30] Also in 2013, Mayer became the first woman listed as number one on Fortune magazine's annual list of the top 40 business stars under 40 years old.[31]

In an effort to simplify the bureaucratic process and "make the culture the best version of itself", Mayer launched a new online program called PB&J. PB&J 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.[32]

In February 2013, Mayer oversaw a major personnel policy change at Yahoo! that required all remote-working employees to convert to in-office roles.[33] Having worked from home toward the end of her pregnancy, Mayer returned to work after giving birth to a boy, and had a nursery built next to her office suite—Mayer was consequently criticized for the telecommuting ban.[34]

In April 2013, Mayer changed Yahoo!'s maternity leave policy, lengthening its time allowance and providing a cash bonus to parents.[35] CNN noted this was in line with other Silicon Valley companies, such as Facebook and Google.[36]

On May 20, 2013, Mayer led Yahoo! to acquire Tumblr in a 1.1 billion dollar acquisition.[37] The acquisition was just one in a series of major purchases that occurred since Mayer became the CEO of the company. 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 1.7%.[38] In September 2013, it was reported that the stock price of Yahoo! had doubled over the 14 months since Mayer's appointment.[39]

In November of 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.[40][41] Employees complained that some managers were viewing the process as mandatory.[41]

Boards and honors[edit]

As well as sitting on the boards of directors of Walmart, Jawbone, and Yahoo! Mayer also sits on several non-profit boards such as Cooper–Hewitt, National Design Museum, New York City Ballet, San Francisco Ballet, and San Francisco Museum of Modern Art.[42][43][44][45]

Mayer actively invests in technology companies, including crowd-sourced design retailer Minted,[46] live video platform Airtime,[citation needed] and mobile payments processor Square.[citation needed]

Mayer was named to Fortune magazine's annual list of America's 50 Most Powerful Women in Business in 2008, 2009, 2010, 2011, 2012 and 2013 with ranks at 50, 44, 42, 38, 14 and 8 respectively.[47] 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.[48]

She was listed in Forbes Magazine's List of The World's 100 Most Powerful Women in 2012 and 2013, with ranks of 20 and 32 respectively.

In September 2013, Mayer became the first CEO of a Fortune 500 company to be featured in a Vogue magazine spread.[49] In 2013, she was also named in the Time 100 and became the first woman listed as number one on Fortune magazine's annual list of the top 40 business stars under 40-years-old.[50] Mayer eventually made Fortune magazine history in 2013, as the only person to feature in all three of its annual lists during the same year: Businessperson of the Year (No. 10), Most Powerful Women (at No. 8), and 40 Under 40. (No. 1) at the same time.[51]

Personal life[edit]

Mayer married lawyer and investor Zachary Bogue on December 12, 2009.[52][53] On the day Yahoo! announced her hiring, Mayer revealed that she was pregnant[54][55][56] and Mayer gave birth to a baby boy on September 30, 2012.[57] Although she asked for suggestions via social media,[58] the name Macallister was eventually chosen for her baby's name from an existing list.[59]

Mayer is Lutheran,[6] but said, referencing Vince Lombardi's "Your God, your family and the Green Bay Packers" quote, her priorities are “God, family and Yahoo, except I'm not that religious, so it's really family and Yahoo.”[60] In August 2013, Business Insider reported that Mayer lives in a penthouse suite at the Four Seasons Hotel in San Francisco, US with her husband.[61]

References[edit]

  1. ^ Womack, Brian (2010-10-12). "Google Executive Marissa Mayer Takes New Role in Location, Local Services". Bloomberg Businessweek. Retrieved 2012-04-21. 
  2. ^ Davidoff, Steven M. (2012-07-27). "Adding Up Marissa Mayer's Pay at Yahoo". New York Times Dealbook. Retrieved 2012-08-08. 
  3. ^ Bradshaw, Tim. "Yahoo Pays Chief Marissa Mayer $36 Million for First 6 Months". Financial Times. Retrieved May 2, 2013. 
  4. ^ "The real reason Marissa Mayer left Google: She had to". VentureBeat. 2012-07-17. Retrieved 2012-08-08. 
  5. ^ "Walmart Board of Directors Nominates New Candidate: Marissa Mayer to stand for election at Walmart’s 2012 Annual Shareholders' Meeting". Wal-Mart Stores, Inc. 2012-04-16. Retrieved 2012-04-21. 
  6. ^ a b "Yahoo CEO Mayer's "God" and "baby is easy" quotes go viral". CNN. 2012-12-03. Retrieved 2012-12-04. 
  7. ^ Singer, Sally (2009-12-14). "The Bride Wore Snowflakes". Vogue. Retrieved 2012-08-26. 
  8. ^ "Musicians@Google Presents: Google Goes Gaga". YouTube. 2010-09-19. Retrieved 2013-06-14. 
  9. ^ Mayer, M. (2008). "Innovation, design, and simplicity at google". ACM SIGCSE Bulletin 40: 199. doi:10.1145/1352322.1352205. 
  10. ^ Holson, Laura (2009-03-01). "Putting a Bolder Face on Google". The New York Times. p. BU-1. 
  11. ^ Stone, Brad (2012-07-16). "Marissa Mayer Is Yahoo's New CEO". Bloomberg Businessweek. Retrieved 2012-08-26. 
  12. ^ "Fortune Most Powerful Women in Business". money.cnn.com. Retrieved 2013-11-25. 
  13. ^ Jännäri, Jenny (2011-11-09). "Google-johtaja vieraili Suomessa sukujuurillaan". Kauppalehti. Retrieved 2012-07-16.  English title: "Google vice president visits the land of her ancestors".
  14. ^ "Yahoo's Marissa Mayer: Hail to the Chief". Vogue. 2013-08-16. Retrieved 2013-08-24. 
  15. ^ "Marissa Mayer: The Talent Scout". Businessweek. 2006-06-18. Retrieved 2012-08-08. 
  16. ^ Chernin, Andrew (2010-01-16). "La mujer fuerte de Google". Qué Pasa (Quepasa). Retrieved 2012-08-08. 
  17. ^ "Did You Know?". WSD Dialogue (Wausau School District). Spring 2010. p. 11. Retrieved 2012-08-26. 
  18. ^ Nalley, Steven (2012-06-28). "Wang attends National Youth Science Camp". Starkville Daily News. Retrieved 2012-07-16. 
  19. ^ "Google VP Marissa Mayer to Address 2009 IIT Graduates". IIT Media Room (Illinois Institute of Technology). 2009-03-25. Retrieved 2009-05-16. 
  20. ^ "IIT Media Room". Iit.edu. 2009-05-18. Retrieved 2013-06-14. 
  21. ^ Drescher, Io (2010-06-15). "Meet Marissa Mayer". Silicon Valley Curious. Retrieved 2010-06-18. [dead link]"(WayBackMachine page archive)". Archived from the original on 2010-08-06. 
  22. ^ "Marissa Mayer 92Y Interview". YouTube. 2013-02-20. Retrieved 2013-11-28. 
  23. ^ Sloan, Paul (2012-07-16). "Google's Marissa Mayer becomes Yahoo CEO". CNET. Retrieved 2012-08-26. 
  24. ^ Guglielmo, Connie (2012-07-16). "Google's Page Says Mayer Will Be Missed; HP's Whitman Welcomes Yahoo's New CEO". Forbes. Retrieved 2012-08-26. 
  25. ^ Sorkin, Andrew Ross; Rusli, Evelyn M (2012-07-16). "A Yahoo Search Calls Up a Chief From Google". The New York Times. Retrieved 2012-08-26. 
  26. ^ Levy, Steven (2011). "Part Four: Google's Cloud". In the Plex: How Google Thinks, Works, and Shapes Our Lives. Simon & Schuster. ISBN 978-1-4165-9658-5. 
  27. ^ Miller, Claire Cain (2010-10-12). "At Google, Mayer Takes a New Job". The New York Times Bits Blog. Retrieved 2012-08-26. 
  28. ^ Chang, Andrea (2012-07-16). "Google executive Marissa Mayer named Yahoo's new chief executive". Los Angeles Times. Retrieved 2012-08-26. 
  29. ^ Oreskovic, Alexei; Lauria, Peter (2012-07-16). "Yahoo snags Google's Mayer as CEO in surprise hire". MSNBC. Reuters. Retrieved 2012-07-18. 
  30. ^ "The World's 100 Most Powerful Women". Forbes. Retrieved 2013-06-14. 
  31. ^ Sara Morrison (19 September 2013). "Yahoo CEO Marissa Mayer First Female to Top Annual 40 Under 40 List". The Wrap. The Wrap News Inc. Retrieved 23 September 2013. 
  32. ^ Sellers, Patricia (2013-10-22). "How Yahoo CEO Mayer fixed 1,000 problems - Postcards". Postcards.blogs.fortune.cnn.com. Retrieved 2013-11-28. 
  33. ^ "Why Marissa Mayer Told Remote Employees To Work In An Office ... Or Quit". Business Insider. 24 February 2013. Retrieved 24 February 2013. 
  34. ^ Guynn, Jessica (2013-02-26). "Yahoo CEO Marissa Mayer causes uproar with telecommuting ban". latimes.com. Retrieved 2013-06-14. 
  35. ^ Nicholas Carlson (2013-04-30). "Marissa Mayer Doubles Yahoo's Paid Maternity Leave, Gives Dads Eight Weeks Off". Business Insider. Retrieved 2013-06-14. 
  36. ^ Pepitone, Julianne (2013-04-30). "Marissa Mayer extends Yahoo's maternity leave - CNNMoney - Apr. 30, 2013". Money.cnn.com. Retrieved 2013-06-14. 
  37. ^ "Marissa Mayer". Forbes. 2012-04-18. Retrieved 2013-06-14. 
  38. ^ BBC News - Yahoo revenue falls on slow ad sales. Bbc.co.uk. Retrieved on 2013-07-18.
  39. ^ Victoria Edwards (21 September 2013). "6 Things We Learned From Marissa Mayer and Mark Zuckerberg at TechCrunch Disrupt 2013". Search Engine Watch. Incisive Media Incisive Interactive Marketing LLC. Retrieved 23 September 2013. 
  40. ^ (Yahoo! Inc) (2013-11-12). "Yahoo's Latest HR Disaster: Ranking Workers on a Curve". Businessweek. Retrieved 2013-11-28. 
  41. ^ a b ""Because Marissa Said So" - Yahoos Bristle at Mayer's New QPR Ranking - Kara Swisher - News". AllThingsD. 2013-11-08. Retrieved 2013-11-28. 
  42. ^ Jeff Blagdon. "Yahoo's Marissa Mayer joins Jawbone board". The Verge. Retrieved 2013-06-14. 
  43. ^ Savitz, Eric (2012-04-16). "Wal-Mart Names Google's Marissa Mayer To Its Board". Forbes. Retrieved 2012-07-19. 
  44. ^ "Yahoo's new boss Marissa Mayer could see pay top $70m". BBC. 2012-07-19. Retrieved 2012-08-26. 
  45. ^ "Wal-Mart Nominates Google’s Marissa Mayer to Board". Bloomberg. 17 April 2012. Retrieved 24 September 2012. 
  46. ^ "Benchmark, Marissa Mayer Put $5.5M In Stationery Design And Retail Site Minted". TechCrunch. 
  47. ^ "14. Marissa Mayer". 50 Most Powerful Women in Business. CNNMoney.com. 2012-10-08. Retrieved 2 March 2013. 
  48. ^ Rao, Leena (2009-11-06). "Marissa Mayer Chosen As A Glamour Magazine Woman Of The Year". TechCrunch. Retrieved 2012-04-21. 
  49. ^ Weisberg, Jacob. "Yahoo's Marissa Mayer: Hail to the Chief - Magazine". Vogue.com. Retrieved 2013-11-28. 
  50. ^ "Yahoo CEO Marissa Mayer First Female to Top Annual 40 Under 40 List". TheWrap. Retrieved 2013-11-28. 
  51. ^ Sellers, Patricia (2013-11-21). "Marissa Mayer's unprecedented amazing trifecta - Postcards". Postcards.blogs.fortune.cnn.com. Retrieved 2013-11-28. 
  52. ^ Bigelow, Catherine (2009-12-23). "Google Employee No. 20 gets hitched". San Francisco Chronicle. Retrieved 2012-07-19. 
  53. ^ "Marissa Mayer and Zack Bogue one of the most powerful couples". Wagcenter.com. Retrieved September 12, 2013. 
  54. ^ Sellers, Patricia (2012-07-16). "New Yahoo CEO Mayer is pregnant". Postcards (CNNMoney.com). Retrieved 2012-08-26. 
  55. ^ Cain Miller, Claire (2012-07-17). "Marissa Mayer, New Yahoo Chief, Is Pregnant". The New York Times. Retrieved 2012-08-26. 
  56. ^ "Google's Marissa Mayer is Yahoo CEO, says she’s pregnant". The Times of India. 2012-07-18. Retrieved 2012-08-26. 
  57. ^ Carlson, Nickolas. "Marissa Mayer Had A Baby Boy!". Business Insider. Retrieved 1 October 2012. 
  58. ^ Gaynes, Sarah. "Waaaa-hoo! Yahoo CEO asks others to name baby". Bostonherald.com. Retrieved 3 October 2012. 
  59. ^ Sellers, Patricia. "Yahoo CEO Mayer reveals her baby's name". CNN Money. Retrieved 23 October 2012. 
  60. ^ Benny Evangelista (19 November 2013). "Marissa Mayer talks mobile, priorities and Vince Lombardi in protest-interupted talk at Dreamforce". SF Gate. Retrieved 26 December 2013. 
  61. ^ Nicholas Carlson (24 August 2013). "The Truth About Marissa Mayer: An Unauthorized Biography". Business Insider. Business Insider, Inc. Retrieved 20 December 2013. 

External links[edit]

Business positions
Preceded by
Ross Levinsohn
Acting
Chief Executive Officer of Yahoo!
2012–present
Incumbent