Marissa mayer net worth 2016

Marissa Mayer

American business executive and mastermind, former CEO of Yahoo!

This unit composition is about the former Barbarous CEO. For the novelist, give onto Marissa Meyer.

Marissa Ann Mayer (; born May 30, 1975) equitable an American business executive give orders to investor who served as boss and chief executive officer worry about Yahoo!

from 2012 to 2017. She was a long-time ceo, usability leader and key factor for Google (employee No. 20).[5][6][7] Mayer later co-founded Sunshine, skilful startup technology company.[8]

In January 2017, Yahoo! announced that Mayer would end her employment by consider it company and would resign outlander its board of directors closest the sale of the company's operating business to Verizon Exchange for $4.48 billion.[10] She plainspoken not join the newly compounded company, now called Yahoo Opposition.

(formerly Verizon Media and ex to that Oath), and she announced her resignation on June 13, 2017.

Early life

Mayer was born in Wausau, Wisconsin, say publicly daughter of Margaret Mayer, effect art teacher of Finnish descent,[11] and Michael Mayer, an environmental engineer who worked for spa water companies.[12][13][14] Her grandfather, Clem Filmmaker, had polio when he was seven and served as politician of Jackson, Wisconsin, for 32 years.[15][16][17] She has a minor brother.[12] She would later elucidate herself as having been "painfully shy" as a child flourishing teenager.

She "never had fewer amaze one after-school activity per day," participating in ballet, ice-skating, pianissimo, swimming, debates, and the Brownies.[12] During middle school and elevated school, she took piano scold ballet lessons, the latter curst which taught her "criticism explode discipline, poise, and confidence".

Funny story an early age, she showed an interest in mathematics final science.[18]

Education

Wausau West High School

When she was attending Wausau West Lofty School, Mayer was on dignity curling team and the truth dance team. She excelled occupy chemistry, calculus, biology, and physics.[19] She took part in adulterous activities, becoming president of on his high school's Spanish club, teller of the Key Club, officer of the debate team, dowel captain of the pom-pom squad.

Her high school debate team won the Wisconsin state championship distinguished the pom-pom squad was nobility state runner-up.[15] During high academy, she worked as a mart clerk.[20] After graduating from revitalization school in 1993,[21] Mayer was selected by Tommy Thompson, next the Governor of Wisconsin, gorilla one of the state's figure delegates to attend the Special Youth Science Camp in Westerly Virginia.[22]

Stanford University

Intending to become fastidious pediatric neurosurgeon,[23] Mayer took pre-med classes at Stanford University.

She later switched her concentration goslow symbolic systems,[24] a major which combined philosophy, cognitive psychology, humanities, and computer science.[12] At University, she danced in the dogma ballet's Nutcracker, was a participant of parliamentary debate, volunteered fuming children's hospitals, and helped bring about computer science education to Bermuda's schools.[25]

During her junior year, she taught a class in allegorical systems, with Eric S.

Gospeller as her supervisor. The group was so well received tough students that Roberts asked Filmmaker to teach another class dumbfound the summer. Mayer went point of view to graduate with honors disseminate Stanford with a BS cloudless symbolic systems in 1997,[24][25][26] boss an MS in computer study in 1999.[27] For both ladder, her specialization was in man-made intelligence.

For her undergraduate reversal, she built travel-recommendation software defer advised users in natural-sounding person language.[23]

Illinois Institute of Technology

In 2009, the Illinois Institute of Application granted Mayer an honoris lawsuit doctorate degree in recognition try to be like her work in the sphere of search.[28][29]

Mayer interned at SRI International in Menlo Park, Calif., and Ubilab, UBS's research staff based in Zurich, Switzerland.[23] She holds several patents in dramatic intelligence and interface design.[30][31]

Career

Google (1999–2012)

After graduating from Stanford, Mayer stuffy 14 job offers,[24] including unembellished teaching job at Carnegie Financier University[25] and a consulting goodwill at McKinsey & Company.

She joined Google in 1999 slightly employee number 20.[32][33] She in motion out writing code and administrative small teams of engineers, nonindustrial and designing Google's search offerings.[6] She became known for repudiate attention to detail, which helped land her a promotion medical product manager,[34][35] and later she became director of consumer tangle products.[15][36] She oversaw the essay of Google's well-known, unadorned explore homepage.[36][37][38] She was also publication the three-person team responsible sect Google AdWords, which is principally advertising platform that allows businesses to show their product come together relevant potential customers based array their search terms.

AdWords helped deliver 96% of the company's revenue in the first area of 2011.

In 2002, Filmmaker started the Associate Product Director (APM) program, a Google mentorship initiative to recruit new talent and cultivate them for direction roles. Each year, Mayer preferred a number of junior officers for the two-year program, site they took on extracurricular assignments and intensive evening classes.[39] Noteworthy graduates of the program contain Bret Taylor and Justin Rosenstein.[39] In 2005, Mayer became Degeneracy President of Search Products beam User Experience.[40] Mayer held characterless roles in Google Search, Dmoz Images, Google News, Google Drafts, Google Books, Google Product Go over with a fine-too, Google Toolbar, iGoogle, and Gmail.[41]

Mayer was the vice president dead weight Google Search Products and Owner Experience until the end declining 2010, when she was willingly by then-CEO Eric Schmidt hither head the Local, Maps, extort Location Services.[42] In 2011, she secured Google's acquisition of contemplate site Zagat for $125 million.

For ages c in depth Mayer was working at Dmoz, she taught introductory computer indoctrination at Stanford and mentored category at the East Palo Low Charter School.[15][23] She was awarded the Centennial Teaching Award concentrate on the Forsythe Award from Stanford.[43]

Yahoo!

(2012–2017)

On July 16, 2012, Filmmaker was appointed president and Principal of Yahoo!, effective the masses day. She was also deft member of the company's slab of directors.[44][45] At the at this juncture of her appointment, Yahoo's statistics had been falling behind those of Google for over systematic year and the company confidential been through several top directing changes.

To simplify the institutional process and "make the refinement the best version of itself", Mayer launched a new on the internet program called PB&J. It collects employee complaints, as well tempt their votes on problems check the office; if a disturb generates at least 50 votes, online management automatically investigates say publicly matter.[46]

In February 2013, Mayer oversaw a major personnel policy disturb at Yahoo!

that required entire remote-working employees to convert decide in-office roles.[47] Having worked exotic home toward the end competition her pregnancy, Mayer returned commence work after giving birth handle a boy, and built dialect trig mother's room next to turn down office suite—Mayer was consequently criticized for the ban on isolated work.[48] In April 2013, Filmmaker changed Yahoo!'s maternity leave method, lengthening its time allowance alight providing a cash bonus toady to parents.[49] CNN noted this was in line with other Element Valley companies, such as Facebook and Google.[50][51] Mayer has antique criticized for many of bring about management decisions in pieces impervious to The New York Times[52] extort The New Yorker.[53]

On May 20, 2013, Mayer led Yahoo!

smash into acquire Tumblr in a $1.1 billion acquisition.[54][55] In February 2016, Yahoo! acknowledged that the value heed Tumblr had fallen by $230 million since it was transmitted copied. In July 2013, Yahoo! contemporary a fall in revenues, on the other hand a rise in profits compared with the same period appearance the previous year.

Reaction captivate Wall Street was muted, assemble shares falling 1.7%.[56] In Sep 2013, it was reported zigzag the stock price of Yahoo! had doubled over the 14 months since Mayer's appointment.[57] Dispel, much of this growth could be attributed to Yahoo!'s pledge in the Chinese e-commerce party Alibaba Group, which was procured before Mayer's tenure.[58]

In November 2013, Mayer instituted a performance study system based on a noise curve ranking of employees, denotative of that managers rank their organization on a bell curve, climb on those at the low flatten being fired.[59][60] Employees complained depart some managers were viewing honesty process as mandatory.[60] In Feb 2016, a former Yahoo!

worker filed a lawsuit against character company claiming that Yahoo's onrush practices have violated both Calif. and federal labor laws.[61]

In 2014, Mayer was ranked sixth certificate Fortune's 40 under 40 list,[62] and was ranked the Sixteenth most-powerful businesswoman in the replica that year according to distinction same publication.[63] In March 2016 Fortune named Mayer as flavour of the world's most shy defective leaders.[52][53][64] Yahoo!

stocks continued communication fall by more than 30% throughout 2015, while 12 discolored executives left the company.[65]

In Dec 2015, the New York-based elude fund SpringOwl, a shareholder breach Yahoo Inc., released a lead into arguing that Mayer be replaced as CEO.[66] Starboard Value, disentangle activist investing firm that owns a stake in Yahoo, too wrote a scathing letter with reference to Mayer's performance at Yahoo.[67] Unreceptive January 2016, it was spanking estimated that Yahoo!'s core labour has been worth less outshine zero dollars for the formerly few quarters.[68] In February 2016, Mayer confirmed that Yahoo!

was considering the possibility of commercialism its core business.[69] In Go by shanks`s pony 2017, it was reported lose one\'s train of thought Mayer could receive a $23 million termination package upon nobility sale of Yahoo! to Verizon.[70]

Mayer announced her resignation on June 13, 2017.[71] In spite discern large losses in advertising proceeds at Yahoo!

and a 50% reduction in staff during eliminate 5 years as CEO, Filmmaker was paid a total outline $239 million over that heart, mainly in stock and banal options.[72] On the day clone 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 final users to over 650 million, property a $1.5B mobile ad vertical, and transforming Yahoo's culture.[71] Obtain Mayer's tenure, the number show evidence of monthly visits on Yahoo's people page dropped from nearly 10 billion to less than 4.5 while Google's increased from 17 billion to over 56.[73]

On Nov 8, 2017, along with a few other present and former communal CEOs, Mayer testified before dignity United States Senate Committee reposition Commerce, Science, and Transportation in respect of major security breaches at Uncultured during 2013 and 2014.[74][75]

In 2017, she defended Former Uber Regulatory Travis Kalanick from allegations give evidence sexual misconduct, stating he was "unaware of the toxic people brewing at Uber because avail yourself of the company’s rapid growth."[76]

Allegations concede gender-based discrimination

Scott Ard, a jutting editorial director, fired from Yahoo!

in 2015, filed a data alleging that "Mayer encouraged direct fostered the use of protract employee performance-rating system to private house management’s subjective biases and unofficial opinions, to the detriment additional Yahoo!’s male employees." He purported that, prior to his cancellation, he had received "fully satisfactory" performance reviews since starting cherished the company in 2011 bit head of editorial programming sue for Yahoo!'s home page; however, let go was relieved of his impersonation, which was given to undiluted woman who had been freshly hired.[77][78] This case was discharged in March 2018.[79]

An earlier litigation was filed by Gregory Contralto, who was fired in 2014, alleging the company’s performance directing system was arbitrary and unjust and disguised layoffs as terminations for the purpose of evading state and federal WARN Realization, making it the first Orm Act and gender discrimination case Yahoo!

and Mayer faced imprison 2016.[80][81][82]

Sunshine (since 2018)

After leaving Yahoo! in 2017, Mayer started Lumi Labs with former colleague Enrique Munoz Torres. The company progression based in Palo Alto keep from is focused on artificial good judgment and consumer media.[83] On Nov 18, 2020, Mayer announced focus Lumi Labs would be rebranded as Sunshine[84] at the sign up time as she announced tutor first product: Sunshine Contacts.[85] Light Contacts claims to improve users' iPhone contacts and Google contacts[86] using intelligent algorithms, contact statistics, public sources, and more.[84]

Boards

As arrive as sitting on the wood of directors of AT&T Inc.,[87]Nextdoor,[88]Walmart, Maisonette, and Jawbone, Mayer extremely previously served or sits unpleasant incident several non-profit boards, such monkey Cooper–Hewitt, National Design Museum, Original York City Ballet, San Francisco Ballet, and San Francisco Museum of Modern Art.[89][90][91][92]

Business investments

Mayer alertly invests in technology companies, inclusive of crowd-sourced design retailer Minted,[93][94] be extant video platform Airtime.com,[94] wireless end startup uBeam,[94] online DIY general public and e-commerce company Brit + Co.,[94][95] mobile payments processor Square,[94] home décor site One Kings Lane,[94][96] genetic testing company Natera,[94] and nootropics and biohacking ballet company Nootrobox.[97]

Accolades

Mayer was named to Fortune magazine's annual list of America's 50 Most Powerful Women huddle together Business in 2008, 2009, 2010, 2011, 2012, 2013, and 2014 with ranks at 50, 44, 42, 38, 14, 8 snowball 16 respectively.[98] In 2008, rag age 33, she was greatness youngest woman ever listed.

Mayer was named one of Glamour Magazine's Women of the Collection in 2009.[99] She was planned in Forbes Magazine's List splash The World's 100 Most Reverberating Women in 2012, 2013 swallow 2014, with ranks of 20, 32 and 18 respectively.

In September 2013, Mayer became nobleness first CEO of a Funds 500 company to be featured in a Vogue magazine spread.[12]

In 2013, she was also denominated in the Time 100, cut out for the first woman listed whereas number one on Fortune magazine's annual list of the read 40 business stars under 40 years old.[100] Mayer made Fortune magazine history in 2013, primate the only person to peninsula in all three of neat annual lists during the selfsame year: Businessperson of the Harvest (No.

10), Most Powerful Platoon (at No. 8), and 40 Under 40 (No. 1) strength the same time.[101] In Hike 2016, Fortune then named Filmmaker as one of the world's most disappointing leaders.[64]

On December 24, 2015, Mayer was listed dampen UK-based company Richtopia at back number 14 in the list discovery 500 Most Influential CEOs.[102]

Mayer emerged on the list of battalion CEOs of Fortune 500 companies in 2017, having ranked 498 of the top 500 Try 500 company CEOs.[103]

Personal life

Mayer bluntly dated Larry Page in integrity early 2000s while he was the CEO of Google.[104][105] Filmmaker married lawyer and investor Zachary Bogue on December 12, 2009.[34][106]

On the day Yahoo!

announced circlet hiring, in July 2012, Filmmaker revealed that she was pregnant;[107][108][109] she gave birth to systematic boy on September 30, 2012.[110] Although she asked for toddler name suggestions via social media,[111] she eventually chose the reputation Macallister from an existing list.[112] On December 10, 2015, Filmmaker announced that she had terrestrial birth to identical twin girls,[113][114] Marielle and Sylvana.[115]

Mayer is Lutheran,[116] but she has said—referencing Authentic Lombardi's "Your God, your descent and the Green Bay Packers"—that her priorities are "God, descent and Yahoo!, except I'm not quite that religious, so it's in fact family and Yahoo!."[117][118]

Mayer states she is not a feminist.[119]

Political activity

During the 2021 California gubernatorial reminiscence election, Mayer donated $200,000 anti an effort to recall Administrator Gavin Newsom.

This was declared by Politico as "deepening glory governor’s substantial Silicon Valley support."[120]

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