You don't get paid $360M over 5 years and get to defend yourself from failure. She was paid specifically to fix things, and if she can't do it, she should get 90% of that money clawed back.
That said, I think everyone associated with Yahoo has to come to grips with the fact it will never again reach it's high status as before. It has a lot of money, and it just goes to show you that money won't produce innovation. They need to take that money, break Yahoo up into pieces, sell it, and then whatever money they have they should fund 100,000 startups and see what rises from the ashes.
The only other thing that Yahoo has besides it's pile of money is it's brand name. People know and trust Yahoo. I would probably take that and then expand horizontally, into things like banking, insurance, etc. Really boring things that aren't high growth like Uber, but things everyone needs and might be enticed to join because of the Yahoo name.
Buying things like Tumblr, Polyvore, etc are a waste of time because every startup in the Valley is hoping to score an oversized buyout from Yahoo, and then GTFO once their holding period is over. There is zero incentive to continue innovating after Yahoo touches them, so don't bother buying companies anymore.
They need to take that money, break Yahoo up into pieces, sell it, and then whatever money they have they should fund 100,000 startups and see what rises from the ashes.
We're a little crazy. Think of the families of the people who work at Yahoo.
We're also a little overbearing. Who are we to say what others should do with what they own?
That said, I think everyone associated with Yahoo has to come to grips with the fact it will never again reach it's high status as before. It has a lot of money, and it just goes to show you that money won't produce innovation. They need to take that money, break Yahoo up into pieces, sell it, and then whatever money they have they should fund 100,000 startups and see what rises from the ashes.
The only other thing that Yahoo has besides it's pile of money is it's brand name. People know and trust Yahoo. I would probably take that and then expand horizontally, into things like banking, insurance, etc. Really boring things that aren't high growth like Uber, but things everyone needs and might be enticed to join because of the Yahoo name.
Buying things like Tumblr, Polyvore, etc are a waste of time because every startup in the Valley is hoping to score an oversized buyout from Yahoo, and then GTFO once their holding period is over. There is zero incentive to continue innovating after Yahoo touches them, so don't bother buying companies anymore.