NYU Professor: Yahoo Should Be Euthanized, and Marissa Mayer Is the Most Overpaid CEO in History
Scott Galloway, professor of marketing at NYU Stern School of Business, went after Yahoo CEO Marissa Mayer this morning.
On Bloomberg Surveillance, Galloway told host Tom Keene that Mayer's announcement that she is pregnant with twins is what's giving her job security.
"If she hadn't announced she was pregnant with twins, she'd be out of a job within six months," said the professor.
He insinuated that Yahoo would face public backlash in the event that she was let go under these circumstances.
"I don't think any board in America right now in technology that's as visible as Yahoo wants to be seen as not leaning in," added Galloway, alluding to the book by Facebook chief operating officer Sheryl Sandberg. "She got a reprieve from death row because she's pregnant with twins."
The professor deemed the company's board to be a lesson in poor corporate governance, and said it would fare better under the control of other management, such as Microsoft.
"We should put a bullet in the head of this story called Yahoo," he said. "It is time to euthanize this thing."
On Tuesday, Yahoo announced that it had withdrawn its request for an IRS ruling on its plan for a tax-free spin off of its stake in e-commerce company Alibaba Group Holding Ltd. Yahoo shares slipped after the announcement, and are down about 25% in the last year.
"Marissa Mayer is the most overpaid CEO in history," concluded Galloway.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.