Yahoo wobbled in the war of survival, and CEO Marissa Mayer had to let herself be swept away by the financial spiral to keep the talent in addition to cutting costs.
Many articles claim that Marissa Mayer is a “hacking machine” at Yahoo. This was once again confirmed on February 12, with information about Yahoo’s CEO dismissing more than 100 employees. However, the story of Marissa Mayer’s remuneration for people who worked in Yahoo is different.
Yahoo’s decline in reputation and finances has been going on for years. This makes the US company is no longer a “top” work in the tech world, especially if put on the balance with Facebook or Google.
However, for those who have served Yahoo, they can not deny Marissa Mayer has attempted to improve the company culture over the past two and a half years.
Yahoo employees get free food. They are also given smart phones. And of course, Yahoo’s salary is not bad. This is also used to keep Yahoo.
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Business Insider led the story on Feb. 24 about a person working in Yahoo’s online business. He claimed to have earned $ 2.5 million a year from his earnings, claiming that his salary was “unbelievable”, even if the salary level for business executives was relatively high. And one point to note, the salary of this type of employee at Yahoo only about $ 450,000 a year before Marissa Mayer arrived.
In another example, Jeff Bonforte, senior vice president of Yahoo’s media products, including Yahoo Mail, was rumored to have made $ 5 million a year. Even talking about the official figure, former Yahoo COO Henrique de Castro also earns more than $ 100 million for 14 months of work from 2013 to 2014.
Nicholas Carlson claims that high pay may not be what Mayer brought to Yahoo, as it is a trend. When Facebook and Google give their employees millions of dollars in payrolls, Yahoo has no choice but to compete for talent.
For one thing, Marissa Mayer, whose main job is to save money while developing, is that high salaries will have to be cut in the face of unprofitable Yahoo. The pay cut back to the staff morale, and so it rolls on the crisis turmoil.
Like everyone, Mayer has used the focus “investment” for internal talent. That is to ensure that the good people do not go, she has to pay high salaries for them. And while not having a lot of money in hand, the high salaries of a group of people would trade the work of another group – those who did not reach the benchmark for performance that Mayer offered.
Apparently Mayer may be a “guillotine”, but for many people, the remuneration for the talent of this female CEO is worth noting.