{"id":1582,"date":"2014-12-20T07:52:42","date_gmt":"2014-12-20T15:52:42","guid":{"rendered":"http:\/\/www.nadynerichmond.com\/blog\/?p=1582"},"modified":"2014-12-19T20:06:41","modified_gmt":"2014-12-20T04:06:41","slug":"what-happened-when-the-yahoo-board-made-yet-another-bad-decision","status":"publish","type":"post","link":"https:\/\/www.nadynerichmond.com\/blog\/2014\/12\/20\/what-happened-when-the-yahoo-board-made-yet-another-bad-decision\/","title":{"rendered":"&#8220;what happened when &#8230; &#8221; the Yahoo! board made yet another bad decision"},"content":{"rendered":"<p>The recent <em>New York Times<\/em> article titled <a href=\"http:\/\/www.nytimes.com\/2014\/12\/21\/magazine\/what-happened-when-marissa-mayer-tried-to-be-steve-jobs.html\">&#8220;What Happened When Marissa Mayer Tried to Be Steve Jobs&#8221;<\/a> is frustrating. \u00a0It&#8217;s frustrating to watch Yahoo! continue to flounder (and oh, flounder it has). \u00a0It&#8217;s frustrating to see a new CEO come in with the goal of righting the ship, but insufficient experience to do so. \u00a0It&#8217;s frustrating to see the Times resort to a clickbait headline involving Steve Jobs. \u00a0And it&#8217;s frustrating that the Times puts the blame solely on the shoulders of the CEO, only noting that Yahoo!&#8217;s board of directors had &#8220;hesitations&#8221;: &#8220;One of the Yahoo board\u2019s hesitations upon hiring Mayer was her relative lack of experience as a manager.&#8221;<\/p>\n<p>So let me get this straight. \u00a0The board makes the decision to hire a CEO who doesn&#8217;t have sufficient experience leading an organization, and who is well-known to be extremely (one might say excessively) hands-on in an organization. \u00a0Somehow, though, her failure is solely hers. \u00a0The board gets no blame for making a poor decision.<\/p>\n<p>Welcome to the <a href=\"http:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=734677\">glass cliff<\/a>. \u00a0I&#8217;m relieved that <em>New York Magazine<\/em> also noticed that the Times story should have been more appropriately titled <a href=\"http:\/\/nymag.com\/daily\/intelligencer\/2014\/12\/marissa-mayer-and-the-glass-cliff.html\">&#8220;Marissa Mayer and the Glass Cliff&#8221;<\/a>. \u00a0The board of Yahoo! did not set up Marissa Mayer to succeed, and apparently didn&#8217;t give her the right resources where she could succeed. \u00a0And they get to blame her, instead of themselves, if Yahoo! does fail. \u00a0Nevermind all of their bad decisions long before she came on board (passing up the Microsoft offer is but one of them). \u00a0No, if Yahoo! fails, the blame will fall solely on her, and she will be pushed off of the glass cliff.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent New York Times article titled &#8220;What Happened When Marissa Mayer Tried to Be Steve Jobs&#8221; is frustrating. \u00a0It&#8217;s frustrating to watch Yahoo! continue to flounder (and oh, flounder it has). \u00a0It&#8217;s frustrating to see a new CEO come in with the goal of righting the ship, but insufficient experience to do so. \u00a0It&#8217;s &hellip; <a href=\"https:\/\/www.nadynerichmond.com\/blog\/2014\/12\/20\/what-happened-when-the-yahoo-board-made-yet-another-bad-decision\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">&#8220;what happened when &#8230; &#8221; the Yahoo! board made yet another bad decision<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-1582","post","type-post","status-publish","format-standard","hentry","category-women"],"_links":{"self":[{"href":"https:\/\/www.nadynerichmond.com\/blog\/wp-json\/wp\/v2\/posts\/1582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nadynerichmond.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nadynerichmond.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nadynerichmond.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nadynerichmond.com\/blog\/wp-json\/wp\/v2\/comments?post=1582"}],"version-history":[{"count":1,"href":"https:\/\/www.nadynerichmond.com\/blog\/wp-json\/wp\/v2\/posts\/1582\/revisions"}],"predecessor-version":[{"id":1583,"href":"https:\/\/www.nadynerichmond.com\/blog\/wp-json\/wp\/v2\/posts\/1582\/revisions\/1583"}],"wp:attachment":[{"href":"https:\/\/www.nadynerichmond.com\/blog\/wp-json\/wp\/v2\/media?parent=1582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nadynerichmond.com\/blog\/wp-json\/wp\/v2\/categories?post=1582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nadynerichmond.com\/blog\/wp-json\/wp\/v2\/tags?post=1582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}