Wednesday June 14, 2017
Verizon closed on its $4.4 B acquisition of Yahoo this week. The new President, Marissa Mayer, unable to turn the company into a Google or FB, did arrange the sale.
Yesterday I completed my required ethics class for maintaining my CPA certificate. The presenter mentioned several fraudsters who literally stole money from investors or their company.
But a more interesting question to me is the situation of people like Marissa. She walks away with a $23 million package of cash and equity. But 2,000 employees at Yahoo get laid off.
Where is their parachute?
Her reward works out to #1,150 per employee laid off. Where is the equity in that? I mean most anyone could have hawked Yahoo to another internet company or phone company as she did. Was that really so difficult? Was it worth $23 million?
Carly Fiorina was similarly criticized for the lay offs at Compaq while CEO of HPQ.
Professor Elam 
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