[wwalser]

Imagine you have something and you take it to the market and investors tell you it's worth negative amounts of money. It's actually worse than worthless. Then you take it to them later and they purchase it for multiple billions of dollars.

Did she turn a valueless asset into a hundred billion dollar company? No. No one _expected_ her to, some may have hoped that she would but hope is different to expectation as is made clear from her compensation agreement.

"If you turn this company around we'll pay you loads of money. Money stacked so high you'll have trouble keeping them from toppling over. On the other hand if you _just_ make it worth a few billion, we'll _just_ give you a lot of money. The piles will not topple over."

On net her bets were of positive value to investors. That's the whole of the equation once the sale is closed.

[koolba]

I was specifically asking what successful bets she made as CEO and I don't see anything in your answer pointing them out.

Saying her bets won because she found a buyer is like inferring you got some correct answers because you passed a test. It doesn't answer which questions (if any) were actually answered correctly.

It's entirely possible the market had no appetite for Yahoo prior to her becoming CEO, she mismanaged the company but not enough for it to implode under her watch, and the market changed its mind to it in 2016/2017.