Friday, July 20, 2012

The $59 Million Dollar Mom

It's a victory for one woman anyway....

"New Yahoo chief takes on position amid pregnancy" by Beth Teitell  |  Globe Staff, July 18, 2012

On Monday, struggling tech giant Yahoo announced it was hiring Marissa Mayer as chief executive, the company’s fifth leader in five years. But there was even more news to come. The 37-year-old Mayer, a highly respected former Google executive, is pregnant — and the board knew all about it when it appointed her.

News of Mayer’s appointment spread from cubicles to Twitter feeds to day care pick-ups....

This latest national conversation about working motherhood comes in the wake of last month’s hotly debated Atlantic magazine essay by Anne-Marie Slaughter, a former high-ranking State Department official who wrote about the difficulties of women trying to “have it all.”  

We all know who is driving that conversation, and I'm no longer listening. Sorry.

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There’s no doubt Mayer will have her work cut out for her at Yahoo. Observers say her challenges include attracting top talent, steering the company in the right direction, and improving its reputation with consumers. Yahoo has seen a succession of chief executives come and go in recent years, as the tech giant struggled against Google and social networking powerhouse Facebook. With restive investors and a shrinking workforce, Mayer will have to turn around a ship that’s already listing.

The home front will not be simple, either.

When Mayer told Fortune magazine that she plans to work during a maternity leave that “will be a few weeks long,” some veteran mothers could not help but wonder if she would manage to pull off meetings and strategic planning, or if she would find herself like so many other new moms: sucked into a new-baby vortex that somehow makes the sending of a single e-mail challenging. (Of course, Mayer’s estimated worth of $300 million will make it easier for her to have help with child care.)

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And she will; be able to afford it:

Yahoo CEO Marissa Mayer’s pay package could reach $59m

I thought they were $truggling. 

Yeah, if only women ran the world. What a canard.  

Oh, right, I forgot, Maggie Thatcher was great for the British, Golda Meier was a saint, and Hillary Clinton isn't a war monger. 

Update: Yahoo reports data breach for 450,000