Yahoo’s Marissa Mayer: ‘Most Overpaid CEO in History’

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Bombardment: Yahoo CEO Marissa Mayer likes banner ads a lot more than you do.  (Image: http://www.comm181.pbworks.com)

These days, political correctness seems to dominate academia and university life to such a laughable extent that comedian Chris Rock won’t even perform on college campuses. As an aside (and then on to Yahoo), here’s a very recent example of PC run amok, although we at Bud Fox News desperately hope it’s a tall tale: At Pamona College in Claremont, CA, the student government association (“ASPC”) voted against funding Pamona’s participation in a party called “Mudd Goes Madd” that was being planned for all five schools in the Claremont consortium (Pomona College, Scripps College, Claremont McKenna College, Harvey Mudd College, and Pitzer College) because the party’s name is offensive. According to the Claremont Independent, one of the student hosts for the event released a statement that she received from the ASPC; it included the following passage:

We are disappointed at your choice of the name for the event, as well as your rationale for allowing the name ‘Mudd Goes Madd.’ Your disregard of the concerns of the mental health community and their allies trivializes the issues that we deem extremely important to our community. Further, the exclusion of the mental health community in the discussion of allowing the event name is inappropriate.

Chris Rock won’t be playing Pamona any time soon.

If NYU is anywhere near as sensitive as Pamona, then on September 9, NYU Marketing Professor Scott Galloway, looking and sounding a bit like Bruce Willis, put a bull’s eye on his back (and guaranteed himself a first ballot entry into the Bud Fox News’ Plain Talkers Hall of Fame) when he said the following about Yahoo CEO Marissa Mayer:

I think Marissa Mayer is the most overpaid CEO in history right now…A CEO who has made some of the worst acquisitions in the history of tech…If she hadn’t announced she was pregnant with twins, she’d be out of a job within six months…She got a reprieve from death row because she’s pregnant with twins. I realize how awful that sounds, but she’s going to go down as the most overpaid CEO in history,..We should put a bullet in the head of the story called Yahoo. It’s time to euthanize this thing.

In light of the good professor’s comments, it’s interesting to consider what Mayer had to say about internet-ad-blocking technology when she spoke to an Advertising Week audience on Monday:

I really believe that commercials and ads make content better. The experience on the web [without ads] becomes a lot less rich in my experience. I personally think it is a mistake.

When asked about Mayer’s statement, Abderazzaq S. Abdeulhafafeeth, Professor of Marketing and Director of the Rubik’s Cube Institute at the Camden Institute of Technology as well as author of the soon-to-be-published Wang Computers: What’s in a Name?, told Bud Fox News:

Oh, sure, I really enjoy closing out all the popup adds as they shoot up, it’s like playing a video game. And there’s nothing like trying to find the source of the unwanted noise from hidden ads that have sound. That shit pisses me off.

They’re a necessary evil though- those annoying ads pay for internet content so we don’t have to in most cases.   

Mayer’s ridiculous remarks offer, in the words of our sciolistic president, Barack Obama, a “teachable moment” because we can introduce one of the all-time great examples of trading floor jargon to explain her opinion, viz: Because Yahoo makes revenue off internet advertising, she is “talking her position,” a phrase used by traders when they tout a usually south-bound stock merely because they own it. Simply put, ad-blocking technology, in the news these days because Apple enabled ad-blocking apps through its new operating system, is bad for Yahoo’s business.

Also, Mayer’s words might provide a glimpse into why Professor Galloway thinks she’s such a lousy CEO: Rather than patronize her audience with ridiculous nonsense that makes her look either stupid or completely insincere, why didn’t she simply level with them and tell them that without ads, a lot of what’s free to view on the internet is going to start coming with a price tag?

On the receiving end of about a quarter of a billion dollars from Yahoo, she can afford to sound like an idiot.

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