"Marissa Mayer's replacement as CEO of Yahoo, Thomas McInerney, will get paid twice as much as she did—for a job basically doing nothing."
"After all, the company that McInerney will run will not be an operating business like the one Yahoo is today, but rather an investment company not all that different from a mutual fund."
"In short, McInerney is getting paid a huge amount to sit atop a fund that basically runs itself. The way Yahoo describes McInerney's responsibilities in a filing Monday makes it sound like he will be little more than a glorified trustee, the way a retiree might occasionally check in on the status of the family nest egg."
Re:Verizon closes $4.5B acquisition of Yahoo, Marissa Mayer ...
by fjdlwlv on Wednesday June 14, 2017 @01:12AM
(#14550779)
The comment above is false, it if ignores the value of equity. Fortune was pushing a bullshit sexism narrative. Mayer made 10x in equity what McInerney made in salary
http://fortune.com/2017/03/13/yahoo-new-ceo-marissa-mayer-ne...
"Marissa Mayer's replacement as CEO of Yahoo, Thomas McInerney, will get paid twice as much as she did—for a job basically doing nothing."
"After all, the company that McInerney will run will not be an operating business like the one Yahoo is today, but rather an investment company not all that different from a mutual fund."
"In short, McInerney is getting paid a huge amount to sit atop a fund that basically runs itself. The way Yahoo describes McInerney's responsibilities in a filing Monday makes it sound like he will be little more than a glorified trustee, the way a retiree might occasionally check in on the status of the family nest egg."