Yahoo's Board Suddenly has a Big, Looming Problem and it Could Mean the End of Marissa Mayer - Business Insider -BoardProspects

Yahoo's Board Suddenly has a Big, Looming Problem and it Could Mean the End of Marissa Mayer

Business Insider Nov 21 2015 BoardBlogs

The next big fight could soon be coming to Yahoo's boardroom. And this time it could mean the end of the line for Marissa Mayer's tenure as Yahoo's CEO. Over the last few weeks, the news surrounding Yahoo has been bad. On Wednesday, SunTrust analyst Bob Peck wrote about a doomsday scenario for the company's tax-free Alibaba spin-off in which Yahoo actually loses money. On Thursday ...
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Quotes
1. Things have become so dire that some insiders are speculating that Mayer will throw in the towel and look for a graceful exit—perhaps using the birth of her twins, expected around the New Year, as a reason to step down.
2. Procedurally, the worst-case scenario will be if the IRS picks up the case for audit in October 2020, decides to impose taxes, and the company has to go through the protracted legal process before the issue is finally decided.
Topics Mentioned
- Board of directors
- Google
- human rights
- activist investors
- Yahoo
- Alibaba
- Walmart
- Verizon
- Dan Loeb
- Starboard Value
- Marissa Mayer
- IRS
- CEO
Authors
- Myles Udland