"It's a shame"

Yahoo CEO lambasts “gender-charged” reporting after $5bn sale

Marissa Mayer (Photo by Kimberly White/Getty Images for Fortune)

Embattled Yahoo CEO Marissa Mayer hit out against “gender-charged” reporting, following the sale of Yahoo’s core internet business to Verizon for $4.83bn in cash on Monday. “I’ve tried to be gender-blind and believe tech is a gender-neutral zone but do think there has been gender-charged reporting,” Mayer told the Financial Times. “We all see the things that only plague women leaders, like articles that focus on their appearance, like Hillary Clinton sporting a new pantsuit … It’s a shame.”

The sale of Yahoo’s core internet business cemented the end of Mayer’s attempt to turn the struggling web-giant around. In 2008, Microsoft launched a $44.6bn hostile bid for Yahoo. On Monday, the company was valued at only $37 billion. Yahoo will remain as a holding company for the company’s foreign investments, which were not included in the sale. Yahoo’s shares in Alibaba and Yahoo Japan combined are worth more than the main business itself, being valued at about $40 billion.

Mayer joined Yahoo in July 2012 after a highly successful stint as an executive at Google. Promising a “renewed focus on product innovation to drive user experience and advertising revenue,” Mayer bought up blog site Tumblr for $1.1 billion and signed deals with TV news anchor Katie Couric and the National Football league. Mayer has said she plans to stay at Yahoo, but Verizon’s Marni Walden, who is slated to lead the newly combined company, has said that the new leadership team has not yet been determined. Mayer, who has already earned approximately $78 million since becoming Yahoo CEO, would stand to take home another $59 million were she to be dismissed from the company following the buyout.

Read the full story at The Guardian.


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