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Marissa Mayer is blowing millions on ridiculous things like a $7 million Great Gatsby-themed party, says investor Eric Jackson

sg.finance.yahoo.com · 475 words · saved by 1 readers

That’s the whole point of a 99-page presentation hedge fund manager Eric Jackson just submitted to Yahoo’s board. Jackson’s turnaround plan includes bringing in an operator to replace Mayer as Yahoo’s CEO and chopping the company’s 12,000-person headcount down to just 3,000 people. To help make his point, Jackson goes over everything Mayer has blown money on, from failed acquisitions to lavish parties and sponsorships. He points out that Yahoo employees get some costly, unnecessary perks, like free iPhones and one year, free Jawbone UPs. He estimates that Yahoo’s free food for employees has cost the company over $450 million over four years, or roughly $108 million per year. SpringOwl Mayer also sponsored Davos, a big conference in Switzerland, and flew herself and a few executives there on NetJets for a total cost of $1-2 million, Jackson estimates. She also had Yahoo sponsor the star-studded Met Ball Gala, which Jackson says cost the company $3 million. Dimitrios Kambouris/Getty Imag

Marissa Mayer is blowing millions on ridiculous things like a $7 million Great Gatsby-themed party, says investor Eric Jackson Alyson Shontell 14 December 2015 Marissa Mayer has got to go. That's the whole point of a 9 9-page presentation hedge fund manager Eric Jackson just submitted to Yahoo's board. Jackson's turnaround plan includes bringing in an operator to replace Mayer as Yahoo's CEO and chopping the company's 12,000-person headcount down to just 3,000 people. To help make his point, Jackson goes over everything Mayer has blown money on, from failed acquisitions to lavish parties and s

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