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Yahoo CEO Marissa Mayer welcomes twin girls
“Our whole family is doing great!” she said.
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She did not yet reveal the twins’ names.
Mayer’s company offers a relatively generous package for new parents, including allowing new moms who give birth as many as 16 weeks of paid leave.
“Thanks to everyone for all of the support and well wishes throughout my pregnancy”, she posted.
When she announced she was pregnant with twins, Mayer indicated she would be taking “limited time away and working throughout”.
Baby girls… Yahoo CEO Marissa Mayer has followed a major business announcement with some big personal news. “A separation from our Alibaba stake, via the reverse spin, will provide more transparency into the value of Yahoo’s business”. Informed by our intimate familiarity with Yahoo’s unique circumstances, the Board remains committed to accomplishing the significant business purposes and shareholder benefits that can be realized by separating the Alibaba stake from the rest of Yahoo.
Mayer’s leadership of Yahoo, meanwhile, is facing increasing criticism more than three years into a comeback effort that has so far showed little progress.
The news comes the day after Yahoo performed a u-turn on its plans to spin off its lucrative stake in Chinese giant Alibaba.
Yet, while many think that Mayer might lose her job in a matter of months, Yahoo company Chairman Maynard Webb said that the company’s board still has faith in their CEO. I’ve shared the news and my plans with Yahoo’s Board of Directors and my executive team, and they are incredibly supportive and happy for me. While she attempted to make the company’s Internet businesses richer in content in order to sell advertising, Yahoo’s main strength is in desktop Web ads – a sector that slowly has been diminishing as screen time on larger PCs is replaced by that on mobile devices. “That’s fabulous”, she said.
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Windsor called Mayer’s performance “awful” and said Yahoo is “massively underperforming its potential and is struggling to hold onto its executives”.