Re:Yahoo CEO gets $47.2 Million salary package for 2009
by ivenkys on Thursday May 13, 2010 @07:13AM
(#1343857)
"getting an MBA and climbing the corporate ladder" - one would have thought in Tech companies Engineers would count for more than MBA's, but clearly that's not the case with Yahoo.
Re:Yahoo CEO gets $47.2 Million salary package for 2009
by abstractbill on Thursday May 13, 2010 @11:52AM
(#1344594)
It's not just Yahoo. Companies that think of engineers as anything but replaceable "resources" are very much an exception to the norm.
Re:Yahoo CEO gets $47.2 Million salary package for 2009
by josefresco on Thursday May 13, 2010 @11:19AM
(#1344485)
An engineer is the last person I'd want running a company like Yahoo! (and for many reasons). Hired-gun CEO's are expensive and don't always work, but the odds of success must be greater then hoping your brilliant founder/engineer works out as an executive. I would argue it's easier to educate an old CEO on tech than it is to teach an engineer how to be a successful exec.
Re:Yahoo CEO gets $47.2 Million salary package for 2009
by derwiki on Thursday May 13, 2010 @11:46AM
(#1344576)
See Slide, Yelp, Facebook...
Re:Yahoo CEO gets $47.2 Million salary package for 2009
by ivenkys on Thursday May 13, 2010 @02:39PM
(#1345192)
"Engineers would count for more than MBA's" - i never said that an Engineer/Founder should be the CEO.
However, in a Tech company the contribution and therefore compensation of an Engineer would be expected to be higher than that of an MBA.
Re:Yahoo CEO gets $47.2 Million salary package for 2009
by smwhreyebelong on Friday May 14, 2010 @03:50PM
(#1348382)
It depends. Ben horowitz wrote a blog post recently on why they prefer founding CEOs :
http://bhorowitz.com/2010/04/28/why-we-prefer-founding-ceos/
Re:Yahoo CEO gets $47.2 Million salary package for 2009
by borism on Thursday May 13, 2010 @08:13AM
(#1343962)
except Yahoo is not tech but media company
Re:Yahoo CEO gets $47.2 Million salary package for 2009
by joubert on Thursday May 13, 2010 @08:31AM
(#1343998)
I don't disagree, but they have some smart and fun hackers at yahoo.
Re:Yahoo CEO gets $47.2 Million salary package for 2009
by smwhreyebelong on Friday May 14, 2010 @03:57PM
(#1348403)
They used to. Yahoo! used to be a great company for an engineer to work for. Given what they have been doing lately, it seems the focus has changed from being a tech company to a media company. In fact, it all probably changed when Terry was brought in to run the company and he wanted to focus on digital media.
There's a lot of small intangible things that go in to making a huge successful company. The core employees "wanting" to work at the company (as compared to just collecting a paycheck) is one of the most imporant ones.
Re:Yahoo CEO gets $47.2 Million salary package for 2009
by shruthidipali on Thursday May 13, 2010 @08:50AM
(#1344042)
I don't think Carol Bratz has a degree in MBA! atleast, according to http://en.wikipedia.org/wiki/Carol_Bartz
Interestingly enough Terry Semel got a nice Golden Parachute too iirc after doing nothing much at Yahoo. One VP I know was asked to "teach Semel how the Internet worked" after Semel joined as CEO.
Yahoo also had 300 (!!) Vice Presidents at a point of time. Imagine the outflow of money to maintain that crowd. From Yahoo's latest marketing campaign
"There’s nothing to look at but a box and a button,” says the voice-over in the Yahoo (YHOO) marketing video–about an unnamed, but obvious, Web site. “When you look at this homepage nothing looks back at you. You come to this place so you can leave.” [1]
Somewhere in Yahoo there is whole bunch of marketing VPs and managers raking in millions of dollars for this!!
Yahoo's successive CEOs seem to take out a good chunk of its profits without adding much to the bottom line. Fwiw Sun was that way too.
[1] Source: http://kara.allthingsd.com/20100505/yahoo-tries-to-recover-f...