“Zack and I are excited to announce that our identical twin girls were born early this morning”, Mayer tweeted, referring to her husband, investor Zachary Bogue.
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Bloomberg reports that Mayer made the announcement via social media website Twitter, saying that she and her family are doing well.
Mayer said she believes Yahoo’s Internet business in significantly better shape than when she arrived, largely because it is pulling in more traffic and advertising in the increasingly important smartphone and tablet market.
This week, Yahoo announced it would be spinning off its internet business. If the activist investors eventually get their way, Mayer no doubt will soon be looking seriously at her severance package – said to be in the neighborhood of $59 million – and who could blame her? At that time, scrutiny of Yahoo was elevating.
But she was later praised for doubling paid maternity leave to 16 weeks across the company and offering eight weeks to fathers.
“It signifies a wider story”, she said, questioning whether any of Yahoo’s core services could help reinvigorate the company.
After his birth she took just two weeks off, sparking criticism that she was setting a bad precedent for working mothers at Yahoo.
Mayer stirred controversy back then due to her limited maternal leave.
Due to the CEO’s role in trying to make Yahoo a key web player again, some experts began to question her position in the aftermath of Wednesday’s announcement. Among other things, they say that they were anxious of what the market would think of the tax risk involved and this will impair the value of the stock of Aabaco until a resolution was obtained.
Besides overseeing the complex spin-off, the chief executive is also drawing up plans for a cost-cutting overhaul that will see the group shed unprofitable products and possibly lay off hundreds of workers. The company’s sales have shrunk from $4.5 billion in 2012 to $4.4 billion previous year and even less is expected for 2015. However, CNBC notes that it isn’t clear exactly what the tax would have been since the IRS told Yahoo earlier this year “it would not rule on whether the company could avoid a tax hit when putting its stake in a separate entity”.
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Yahoo’s board met last week to review Mayer’s stalled turnaround attempts, as well as whether to move ahead with the previously planned Alibaba spinoff.
