But she was later praised for doubling paid maternity leave to 16 weeks across the company and offering eight weeks to fathers.
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Yahoo must be having a roller-coaster week.
Marissa Mayer, chief executive of internet giant Yahoo, told her 1.14 million followers on Twitter that “our whole family are doing great” after the arrivals yesterday morning.
Ms Mayer said that Yahoo is readying a new strategic plan to be unveiled early next year. A few months after Mayer took on the helm of the biggest Web portal in the United States, she had her first child. The CEO ” s latest additions arrived just a day after she spoke to analysts and investors on a conference call and gave press interviews to discuss a major shift in Yahoo ” s business strategy. This would, of course, eviscerate the company, because without its core Internet businesses (Yahoo news, sports, finance, mail, photo storage, blogs and others), Yahoo simply isn’t Yahoo anymore.
It is instead considering a reverse spin-off, under which Yahoo’s assets and liabilities other than the Alibaba stake would be transferred to a newly formed company, the stock of which would be distributed pro rata to Yahoo shareholders, resulting in two separate publicly traded companies.
In other words, while she’ll be on leave, there’s unlikely to be much rest.
As she did with her son, Mayer plans to only take a “limited” time away from Yahoo’s Sunnyvale, California, headquarters.
Mayer stirred controversy back then due to her limited maternal leave.
Mayer has a lot of work in front of her. Besides overseeing the complex spinoff of Yahoo’s Internet operations, she is also drawing up plans for a cost-cutting overhaul that will shed unprofitable products and possibly lay off hundreds of workers.
Mayer’s appointment as CEO three years ago was seen as some kind of saving grace for Yahoo, experts said, but now, investors are echoing concerns about her leadership.
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Hedge fund Starboard Value, an activist investor, has been trying to get the company to sell its core business since last month. Yahoo’s revenue, which has declined for five straight years, is projected to shrink 8 percent in 2015 to $4.04 billion, according to data compiled by Bloomberg.
