SAN FRANCISCO — Corporate America’s most famous working mother has banned her employees from working at home. Now the backlash is threatening to overshadow the progress she has made turning around Yahoo Inc.
Marissa Mayer, one of only a handful of women leading Fortune 500 companies, has become the talk of Twitter and Silicon Valley for her controversial move to end telecommuting at the struggling Internet pioneer.
From the start, Mayer, who at 37 is one of Silicon Valley’s most notorious workaholics, was not the role model that some working moms were hoping for. The former Google Inc. executive stirred up controversy by taking the demanding top job at Yahoo when she was five months pregnant and then taking only two weeks of maternity leave. Mayer built a nursery next to her office at her own expense to be closer to her infant son and work even longer hours.
Now working moms are in an uproar because they believe that Mayer is setting them back by taking away their flexible working arrangements. Many view telecommuting as the only way time-crunched women can care for young children and advance their careers without the pay, privilege or perks that come with being the chief executive of a Fortune 500 company.
Map of Pennsylvania highlighting Northampton County (Photo credit: Wikipedia)
Bethlehem Mayor John Callahan apologized Monday to the referee who ejected him from a high school wrestling match over the weekend, a story that media sites across the country picked up.
In an email, Callahan said he should have handled “the incident better no matter how I felt about the calls made during the match” and said he respects that the referee, Dennis Buchman, has “the right to call the match the way he sees it.”
“That said, both Mr. Buchman and I agree that this was a minor incident that has become overblown and unfortunately took away from the great effort and dedication shown by the young men who participated in the tournament,” Callahan said. “I hope that this will no longer distract from the real issues facing Bethlehem and Northampton County.”
Callahan did not return a telephone call seeking a comment.
Editor’s note: Betcha nobody is yelling “yahoo” over this news!
(Reuters) – Yahoo Inc will lay off 2,000 people, or 14 percent of its workforce, in its deepest round of job cuts in years as new Chief Executive Scott Thompson tries to jumpstart growth with a leaner, more agile company while saving hundreds of millions of dollars.
Wall Street’s reaction was lukewarm, after two previous Yahoo CEOs failed to find an answer to rivals like Web-search leader Google and the Facebook social-networking site.
Sunnyvale, California-based Yahoo, which ended 2011 with some 14,000 employees, said it would save $375 million annually from the cuts and incur a pre-tax cash charge in the second quarter of $125 million to $145 million.
BOSTON (MainStreet) — On Tuesday, Yahoo!(YHOO) announced that Jerry Yang, a co-founder of the company in 1995, had resigned from its board.
Did Yang step down by his own choice or was he pushed? That’s the story yet to be fully told.
The timing of the announcement will of course lead to speculation, as it comes two weeks after Yahoo named Scott Thompson, a former PayPal executive, as CEO. While Thompson pledges a return to profitability, Yang has been seen by many investors as letting his personal vision and attachment to the company stall necessary restructuring moves. As such, news of his resignation sent shares upward.
In addition to departing Yahoo’s board, Yang surrenders a similar post at Yahoo Japan and Alibaba Group, setting the stage that those assets may be sold. Yang’s exit could open the door for a broader restructuring of the parent company and attract otherwise gun-shy investors.
Evidently Tiger Woods and his unfolding sex scandel have helped to brighten Yahoo’s 4th Quarter bottom line. Yahoo CEO, Carol Bartz stated that Tiger Woods has brought more traffic to Yahoo than Michael Jackson’s death and the publicity dog and pony show that ensued. Carol went as far as to say “God Bless Tiger” to express her delight with the traffic he has generated.
So Obama might want to explore the use of celebrity misfortune and sex scandels as part of his economic stimulus plan since the .com world seems to benefit from the publics “need to know”.
Interesting by-product. Tiger’s need for stimulation helps stimulate the economy. Who knew sex addiction could save jobs!?!