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In a statement, Yahoo’s board said the surprise hire “signals a renewed focus on product innovation” and advertising revenue. Founded in 1994, the Sunnyvale company in recent years has been losing gobs of online ad money to Google, as well as to younger rivals such as Facebook best dance shoes sale uk online. “It’s a very special thing to be able to get somebody like Marissa,” said Netscape founder and venture capitalist Marc Andreessen. “She’ll be the first CEO they’ve had with a background in modern Web technology.”..

Yahoo shareholders have been increasingly combative, noting that when then-CEO Jerry Yang in 2008 refused to sell the company to Microsoft for $47.5 billion, the stock was trading at $33 a share. It closed Monday down slightly at $15.65, though it climbed 2.1 percent in after-hours trading. (Google stock fell 0.3 percent in Monday’s session.). Analysts and investors seemed to react amicably to Yahoo’s news. Scott Kessler of S&P Capital IQ had called Levinsohn “a very strong candidate for the position” who would benefit Yahoo. But Monday, Kessler called the Mayer hire “a coup,” even given her lack of online media experience best dance shoes sale uk online.

“She’s had a lot of experience and taken on leadership roles across various businesses” at Google, Kessler noted. “She’s proven herself time and time again.” best dance shoes sale uk online. Mayer was Google’s first female engineer when she joined the company out of Stanford in 1998. Photogenic and at ease in front of a crowd, she became perhaps Google’s most high-profile executive aside from its founders and Executive Chairman Eric Schmidt. Mayer led the development of Google’s image and product search functions, helped oversee its iconic homepage and was the gatekeeper for new offerings such as Gmail. Last year, she was given a new job as head of the company’s multibillion-dollar focus on local and location-based advertising..

“Marissa is a well-known, visionary leader in user experience and product design,” Yahoo co-founder David Filo said in the news release. Yet many took note that when Google CEO Larry Page redrew the company’s organization chart last year, Mayer was not promoted to report directly to him. That led some to speculate that she had risen as high as she could at Google. Although Google declined to make any of its executives available to talk about Mayer’s defection, Page issued a statement that read: “Marissa has been a tireless champion of our users. She contributed to the development of our Search, Geo, and Local products. We will miss her talents.” best dance shoes sale uk online.

Tech analyst Rob Enderle said he had been pulling for Mayer, and not Page, to succeed Schmidt as Google CEO last year. “She has stronger executive skills,” Enderle said. “But founders have more clout.”. Enderle also predicted that Mayer will bring to her new job an insider’s sense of where Google is vulnerable. She certainly doesn’t seem to be taking the job because she needs the money best dance shoes sale uk online. Mayer’s net worth was estimated at $300 million earlier this year by websites therichest.org and CelebrityNetWorth.com. She is married to tech investor Zack Bogue and serves on the board of Wal-Mart Stores, as well as the boards of the San Francisco Museum of Modern Art and the New York City Ballet..

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