CEO Of Yahoo! (YHOO), Marissa Mayer, Might Have To Go In Either Circumstance, Comments ex-CEO
Yahoo! Inc. (NASDAQ:YHOO)’s Marissa Mayer may be sitting on the edge of her seat as the CEO of the company, according to a former interim CEO of Yahoo. The ex-CEO lost the battle to lead the company to Mayer three years ago. Share price of Yahoo stock has risen almost 190% under Mayer’s leadership, but Ross Levinsohn still believes the future of the company is bleak.
Levinsohn said that there are at least two possible developments that could see Mayer dropped from Yahoo! Inc. (NASDAQ:YHOO). He said that Yahoo could be sold off to a willing buyer, possibly a private equity firm, which might see Mayer stepping down from her role as CEO. Another possible development is Yahoo forcing Mayer out so that a fresh leader can take the company to the next level.
Fate tied to Alibaba stake
The fate of Mayer is currently dependent on how Yahoo’s stock performs after the spinoff of the remaining interest Alibaba Group Holding Ltd (NYSE:BABA). According to Levinsohn, there is no doubt Mayer understands that her days are numbered.
There is a likelihood that some frustrated investors may begin to agitate for change at Yahoo! Inc. (NASDAQ:YHOO)’s top leadership, especially given that much hasn’t been achieved since Mayer came in 2012, said Levinsohn. However, what is clear at this juncture is that shares of Yahoo have fared better since Mayer took over as CEO in July 2012, being up 190% from that time.
Mayer has done her part well
As much as Levinsohn believes that the future of Yahoo! Inc. (NASDAQ:YHOO) isn’t bright, he acknowledges that Mayer has given her best so far, especially looking at the stock performance. The challenges is huge, though, which only explains that Yahoo is an entity one person cannot turnaround.
Yahoo! Inc. (NASDAQ:YHOO) has not been able to comment on the observations of Levinsohn, who missed being its CEO.
Currently Yahoo is angling for larger presence in mobile, where ad spending is growing rapidly. The company has made several acquisitions to bolster its mobile growth while also working to enhance its content.
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