Hacker News new | ask | show | jobs
by speaktruth 3452 days ago
"... milked Yahoo for a hundred million dollars she didn't earn."

"Marissa Mayer's failure at Yahoo was caused by pure incompetence, negligence, and laziness of all involved. Nothing about it that deserves praise."

I just wanted to thank you for this comment, because it is important that we get the facts straight. There was not one thing she brought in the company that showed a hint to financial success.

She is overrated at an almost fraudulent level.

4 comments

> an almost fraudulent level

Fraud isn't a function of magnitude. A $2 fraud and $2 billion fraud are both fraud.

What matters is intent, the concealment of material facts and the victim's harm resulting from the foregoing.

Reading some other comments, I think the suggestion is that the overrating was fraudulent. In which case the price is a relevant factor. Mayer was worth some amount of money, a mild overestimate would be human error, but a massive overestimate would be evidence towards a fraud claim (in the sense that the error would demand explanation as unintentional). I don't endorse that on a Mayer-specific level, but I think it's the shape of the argument.

None of which disagrees with you, it's just an interesting note for assessing what a hypothetical fraudulent CEO appointment would look like. Presumably it would factor in price in the sense of "could a reasonable person assess the CEO's worth at this value?"

Appendum: When I said "She is overrated at an almost fraudulent level." I meant the she and other people from the board created an image of superiority around Meyer, that led to and justified a fantastic compensation plan. Then when you compare this fantasy image to her real accomplishments, the term "delusion" would not be wrong. And at a certain level of delusion, we can also name it fraud. Yes, I think this is fraud.
What facts are you referring to and what does overrated at a fraudulent level mean?
Basically she Trumped it or is Trump going to Mayerr it? (Promise bullish ideas and deliver high grade bullshit)

Sorry to drag in politics, but I could not resist this cheap-shot.